Investment adviser · CRD 333558

KARL KAPITAL

Investment adviser filing (IA)

KARL KAPITAL LLC

SAN FRANCISCO, CA, United States · Form ADV filed Mar 31, 2026

Regulatory AUM
$268M
Form ADV · Item 5.F
Client accounts
7
Accounts, not individual clients
Employees
6
Reported in this filing
Advisory professionals
5
Investment advisory functions

Who they report serving

Form ADV · Item 5.D

Client types and their share of reported regulatory assets.

Client typeClientsRegulatory assetsShare of AUM
Pooled investment vehicles7$268,357,000100.0%
Filing source

Form ADV 2063988 · Mar 31, 2026 · Item 5.D

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Private funds & service providers

3 Private funds

The count excludes feeder funds. Funds in the latest filing appear first, ordered by reported gross assets. Earlier funds retain their last reported values.

P2 NEXXT OFFSHORE MASTER FUND LPHedge Fund · Last reported Mar 31, 2026$91.4MGross asset value

Form D fundraising filings

P2 Nexxt Offshore Master Fund LP

Feeder funds

Fund administrator CITCO FUND SERVICES (CAYMAN ISLANDS) LIMITED GRAND CAYMAN KY1-1205, Cayman Islands Investor statements: Yes (provided to all investors) Related to adviser: Yes
Auditor EISNERAMPER LLP SAN FRANCISCO, California, United States
Auditor EISNERAMPER US (CAYMAN) LTD. GRAND CAYMAN, Cayman Islands
Custodian HSBC BANK NA NEW YORK, New York, United States Related to adviser: No
Custodian MORGAN STANLEY & CO. LLC NEW YORK, New York, United States Related to adviser: No
Prime broker MORGAN STANLEY & CO. LLC NEW YORK, New York, United States
Provider details
Annual audit
Yes
Prime brokers
Yes
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

EISNERAMPER LLP
PCAOB 274

EISNERAMPER US (CAYMAN) LTD.
PCAOB 274

HSBC BANK NA
LEI 1IE8VN30JCEQV1H4R804

MORGAN STANLEY & CO. LLC
SEC 8-15869

MORGAN STANLEY & CO. LLC
CRD 8209 · SEC 8-15869

Fund details & source
Fund ID
805-7411213260
Reported beneficial owners
21
Minimum commitment
$500K
Form D file number
021-378955
Form D file number
021-378962
Form D file number
021-378966

Form ADV 2063988 · Mar 31, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

P2 NEXXT FUND II LPHedge Fund · Last reported Mar 31, 2026$41.8MGross asset value

Form D fundraising filings

P2 Nexxt Fund II LP

Fund administrator CITCO FUND SERVICES (CAYMAN ISLANDS) LIMITED GRAND CAYMAN KY1-1205, Cayman Islands Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor EISNERAMPER CAYMAN LTD. GEORGE TOWN, Cayman Islands
Auditor EISNERAMPER LLP SAN FRANCISCO, California, United States
Custodian HSBC BANK NA NEW YORK, New York, United States Related to adviser: No
Custodian MORGAN STANLEY & CO. LLC NEW YORK, New York, United States Related to adviser: No
Prime broker MORGAN STANLEY & CO. LLC NEW YORK, New York, United States
Provider details
Annual audit
Yes
Prime brokers
Yes
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

EISNERAMPER CAYMAN LTD.
PCAOB 274

EISNERAMPER LLP
PCAOB 274

HSBC BANK NA
LEI 1IE8VN30JCEQV1H4R804

MORGAN STANLEY & CO. LLC
SEC 8-15869

MORGAN STANLEY & CO. LLC
CRD 8209 · SEC 8-15869

Fund details & source
Fund ID
805-5104126930
Reported beneficial owners
13
Minimum commitment
$500K
Form D file number
021-378960

Form ADV 2063988 · Mar 31, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

NEXXT SPV A LLCHedge Fund · Last reported Mar 31, 2026$1.81MGross asset value

Form D fundraising filings

Nexxt SPV A LLC

Fund administrator OCORIAN SAN FRANCISCO, California, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor EISNER AMPER LLP SAN FRANCISCO, California, United States
Custodian JP MORGAN CHASE & CO NEW YORK, New York, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

EISNER AMPER LLP
PCAOB 274

JP MORGAN CHASE & CO
LEI 8I5DZWZKVSZI1NUHU748

Fund details & source
Fund ID
805-3763394675
Reported beneficial owners
9
Minimum commitment
$100K
Form D file number
021-413774

Form ADV 2063988 · Mar 31, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Services & filing details

Most recent filing: Mar 31, 2026. View historical filings

Reported services

Pooled investment vehicle management

Compensation

Percentage of assets · Performance-based

Principal office

260 CALIFORNIA STREET, SUITE 803
SAN FRANCISCO, CA, 94111, United States

CRD 333558

Filing source

Form ADV 2063988 · Mar 31, 2026 · Items 1 & 5

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.