Form D · Hedge Fund

Incision Capital Master Fund LP

San Francisco, CA · CIK 0001966544

Offering snapshot reported Jul 23, 2026 · SEC filing

Reported sold: $83.7M
Investors reported: 7
Minimum accepted: $0
First sale: May 1, 2023

Fundraising history

Reported sold

Dates are filing dates, not cash receipt dates. Decreases are reported revisions, not evidence of withdrawals. Separate offering histories are not added together.

What changed?

Latest filing versus its linked predecessor, where available.

Reported sold$91,214,980 → $83,700,000
Reported investors15 → 7

Filing history

Scroll to see all columns →

Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Jul 23, 2026	Amendment	$83,700,000	-$7,514,980vs Feb 27, 2026	7	SEC filing
Feb 27, 2026	Amendment	$91,214,980	$63,514,980vs Mar 11, 2025	15	SEC filing
Mar 11, 2025	Amendment	$27,700,000	$1,685,020vs Mar 15, 2024	2	SEC filing
Mar 15, 2024	Amendment	$26,014,980	No comparison	5	SEC filing
Mar 29, 2023	Amendment	Yet to sell	No comparison	0	SEC filing
Feb 24, 2023	Initial	Yet to sell	No comparison	0	SEC filing

Offering details

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

Sales commissions: $0 (estimated)
Finders' fees: $0 (estimated)
Form D file number: 021-474253

Limited Partnership Interests

Source: Form D, filed Jul 23, 2026. 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

INCISION CAPITAL MASTER FUND LP

Investment adviser: INCISION CAPITAL MANAGEMENT LP

Gross asset value: $220M
Beneficial owners: 15
ADV minimum commitment: $1M

Reported in Form ADV on Jun 3, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator NAV CONSULTING, INC. OAKBROOK TERRACE, Illinois, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor KPMG LLP GEORGE TOWN, Cayman Islands

Auditor KPMG LLP NEW YORK, New York, United States

Custodian BMO BANK N.A.. CHICAGO, Illinois, United States Related to adviser: No

Custodian JEFFERIES LLC NEW YORK, New York, United States Related to adviser: No

Prime broker JEFFERIES 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

KPMG LLP
PCAOB 1323

KPMG LLP
PCAOB 185

BMO BANK N.A..
LEI 3Y4U8VZURTYWI1W2K376

JEFFERIES LLC
SEC 8-15074

JEFFERIES LLC
CRD 2347 · SEC 8-15074

Filing source

Form ADV 2110678 · Jun 3, 2026 · Schedule D 7.B.(1), fund 805-8975993737

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 Incision Capital Gp Llc	Executive
N/A Incision Capital Management Gp Llc	Executive
N/A Incision Capital Management Lp	Executive
Siddharth Mitra	Executive
William Nolan	Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

505 Montgomery Street Suite 1123
San Francisco, CA, 94111