Form D · Hedge Fund

Light Street Photon, Ltd.

George Town, Grand Cayman, E9 · CIK 0002016935

Offering snapshot reported Nov 13, 2025 · SEC filing

Reported sold: $5M
Investors reported: 1
Minimum accepted: $2M
First sale: Mar 1, 2025

What changed?

Latest filing versus its linked predecessor, where available.

Reported investors0 → 1

Filing history

Scroll to see all columns →

Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Nov 13, 2025	Amendment	$5,000,000	No comparison	1	SEC filing
Jan 24, 2025	Amendment	Yet to sell	No comparison	0	SEC filing
Mar 28, 2024	Initial	Yet to sell	No comparison	0	SEC filing

Offering details

Securities: Equity, 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: 021-508930

Redeemable Shares

Source: Form D, filed Nov 13, 2025. Minimum accepted may differ from a standard advertised minimum.

Fund connections

Each card uses that adviser's latest imported filing. Filing dates can differ; these disclosures do not confirm a current relationship.

Matched by reported Form D file number

LIGHT STREET PHOTON, LTD.

Investment adviser: LIGHT STREET CAPITAL MANAGEMENT, LLC

Gross asset value: $9.5M
Beneficial owners: 3
ADV minimum commitment: $2M

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 MORGAN STANLEY FUND SERVICES (CAYMAN) LTD. C/O MORGAN STANLEY FUND SERVICES (IRELAND) LIMITED DUBLIN, Ireland Investor statements: Yes (provided to all investors) Related to adviser: No Other funds reporting this name →

Auditor KPMG GEORGE TOWN, Cayman Islands Other funds reporting this name →

Custodian THE NORTHERN TRUST INTERNATIONAL BANKING CORPORATION JERSEY CITY, New Jersey, United States Related to adviser: No Other funds reporting this name →

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

KPMG
PCAOB 1323

THE NORTHERN TRUST INTERNATIONAL BANKING CORPORATION
LEI 6PTKHDJ8HDUF78PFWH30

Fund asset history · 3 annual observations

Scroll to see all columns →

Fiscal year	Gross assets	Beneficial owners	ADV filed
2023	$0	0	Mar 27, 2024
2024	$2,177,820	2	Mar 27, 2025
2025	$9,496,914	3	Mar 27, 2026

Filing source

Form ADV 2073961 · Mar 27, 2026 · Schedule D 7.B.(1), fund 805-7869992671

Reported by LIGHT STREET CAPITAL MANAGEMENT, LLC (CRD 155215).

Annual Updating Amendment for Registered Adviser · fiscal year 2025.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; 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
Glen T. Kacher	Director
N/A Light Street Capital Management, Llc	Promoter
George Lynch	Executive
Michael J. Mc Donald	Director
Theo J. Robins	Executive
Robert M. Wenzell	Executive
Timothy D. Woodlaver	Director

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

C/O Walkers Corporate Limited 190 Elgin Avenue
George Town, Grand Cayman, E9, KY1-9008