Second Law Capital LP is a hedge fund based in Dallas, Texas. According to its most recent Form D, filed May 1, 2026, the fund has sold $72,000 of interests to 3 investors since its first sale in Dec 2025. The minimum investment it accepts from an outside investor is $50,000. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. 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 Ian Espino-Barros.
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
- $72,000Cumulative sales reported on Form D
- Investors
- 3
- First sale
- Dec 28, 2025
- Minimum investment
- $50,000
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(b)No general advertising
- Net asset value range
- $1 - $5,000,000Self-reported
- Key people and entities
- Ian Espino-Barros
- Latest Form D
- May 1, 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 Second Law Capital LP
What is the minimum investment for Second Law Capital LP?
According to its latest Form D, filed May 1, 2026, the minimum investment Second Law Capital LP accepts from an outside investor is $50,000.
Who can invest in Second Law Capital LP?
Second Law Capital LP is generally open only to accredited investors, and it may have no more than 100 beneficial owners because it relies on Section 3(c)(1). It uses Rule 506(b), which does not allow general advertising.
How much has Second Law Capital LP raised?
Second Law Capital LP reports $72,000 sold from 3 investors on its Form D filed May 1, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Second Law Capital LP based?
Second Law Capital LP is based in Dallas, Texas and is managed by Second Law Capital.
When did Second Law Capital LP launch?
Second Law Capital LP reports its first sale in Dec 2025, 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 11% of the 631 hedge funds based in Texas, and more than 1% of all 10,308 that report sales.