Form D · Venture Capital Fund

Cosmic 20251, L.P.

West Hollywood, CA · CIK 0002052765

Offering snapshot reported Mar 12, 2025 · SEC filing

Reported sold: $101M
Investors reported: 13
Minimum accepted: $0
First sale: Mar 3, 2025

What changed?

Latest filing versus its linked predecessor, where available.

No comparable changes in the displayed metrics.

Filing history

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Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Mar 12, 2025	Initial	$100,500,000	No comparison	13	SEC filing

Offering details

Securities: Pooled investment fund
Exemptions: 06b, 3C, 3C.7
Duration over one year: No
Business combination: No

Sales commissions: $0
Finders' fees: $0
Form D file number: 021-540648

Source: Form D, filed Mar 12, 2025. Minimum accepted may differ from a standard advertised minimum.

Fund connections

The linked fund shows its most recently reported ADV details.

Matched by reported Form D file number

COSMIC 20251, LP

Investment adviser: ENIGMA GLOBAL, LLC

Gross asset value: $100M
Beneficial owners: 14
ADV minimum commitment: $0

Reported in Form ADV on Mar 27, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator STANDISH MANAGEMENT, LLC SAN FRANCISCO, California, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor FRANK, RIMERMAN & CO. LLP PALO ALTO, California, United States

Custodian ESHARES, INC. SAN FRANCISCO, California, United States Related to adviser: No

Custodian FIRST CITIZENS BANK & TRUST CO. SANTA CLARA, California, United States Related to adviser: No

Custodian MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED SAN FRANCISCO, California, 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

FRANK, RIMERMAN & CO. LLP
PCAOB 1596

FIRST CITIZENS BANK & TRUST CO.
LEI L9VVX1KT5TFTKS0MLF66

Filing source

Form ADV 2061363 · Mar 27, 2026 · Schedule D 7.B.(1), fund 805-4126633178

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

People & organizations

Current and past Form D appearances. These existing records do not establish a person's current role or uniquely identify them across issuers.

People and organizations reported in Form D filings
Name	Reported role
N/A Cosmic Sgp 2025, Llc	Director
Elad Gil	Director

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

8605 Santa Monica Blvd, #29166
West Hollywood, CA, 90069-4109