P2 Nexxt Offshore Fund LP is a hedge fund based in San Francisco, California. According to its most recent Form D, filed Oct 21, 2026, the fund has sold $43,708,425 of interests to 18 investors since its first sale in Jan 2021. The minimum investment it accepts from an outside investor is $500,000. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers. The offering uses Rule 506(b), which does not permit general solicitation. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Karl General Partner LLC; Karl Kapital LLC; Rachael Clarke.
Performance
No verified returns have been reported for this fund. Hedge fund returns are not part of SEC filings; managers report them to AltMountain directly.
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- Total raised
- $43,708,425Cumulative sales reported on Form D
- Investors
- 18
- First sale
- Jan 1, 2021
- Minimum investment
- $500,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Karl General Partner LLC; Karl Kapital LLC; Rachael Clarke
- Latest Form D
- Oct 21, 2026
From SEC filings, not verified. This page republishes the fund's Form D as filed. It is not an offer, solicitation or recommendation, and AltMountain has not reviewed the fund. “Raised” is cumulative sales, not current assets or performance. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about P2 Nexxt Offshore Fund LP
What is the minimum investment for P2 Nexxt Offshore Fund LP?
According to its latest Form D, filed Oct 21, 2026, the minimum investment P2 Nexxt Offshore Fund LP accepts from an outside investor is $500,000.
Who can invest in P2 Nexxt Offshore Fund LP?
P2 Nexxt Offshore Fund LP is generally open only to qualified purchasers (generally individuals with at least $5 million in investments), because it relies on Section 3(c)(7). It uses Rule 506(b), which does not allow general advertising.
How much has P2 Nexxt Offshore Fund LP raised?
P2 Nexxt Offshore Fund LP reports $43,708,425 sold from 18 investors on its Form D filed Oct 21, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is P2 Nexxt Offshore Fund LP based?
P2 Nexxt Offshore Fund LP is based in San Francisco, California and is managed by Karl Kapital.
When did P2 Nexxt Offshore Fund LP launch?
P2 Nexxt Offshore Fund LP reports its first sale in Jan 2021, which makes it an emerging manager by AltMountain's definition (first sale in 2021 or later and under $50 million raised).
Size compared with every hedge fund
Raised more than 54% of the 1,060 hedge funds based in California, and more than 43% of all 10,307 that report sales.