Form D · Hedge Fund

Morgan Creek - Exos Risk-Managed Bitcoin Fund, LP

Chapel Hill, NC · CIK 0001832996

Offering snapshot reported Mar 18, 2025 · SEC filing

Reported sold: $13.1M
Investors reported: 36
Minimum accepted: $0
First sale: Nov 10, 2020

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.

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 18, 2025	Amendment	$13,050,000	$0vs Mar 22, 2024	36	SEC filing
Mar 22, 2024	Amendment	$13,050,000	$200,000vs Mar 24, 2023	36	SEC filing
Mar 24, 2023	Amendment	$12,850,000	$100,000vs Mar 25, 2022	35	SEC filing
Mar 25, 2022	Amendment	$12,750,000	$3,675,000vs Mar 26, 2021	34	SEC filing
Mar 26, 2021	Amendment	$9,075,000	$1,375,000vs Nov 20, 2020	16	SEC filing
Nov 20, 2020	Initial	$7,700,000	No comparison	4	SEC filing

Offering details

Securities: Equity, Pooled investment fund
Exemptions: 06c, 3C, 3C.1, 3C.7
Duration over one year: Yes
Business combination: No

Sales commissions: $0 (estimated)
Finders' fees: $0 (estimated)
Form D file number: 021-381108

The entities in Item 12 were paid a percentage of the fee paid to the Investment Manager (or its affiliate) from assets under management and/or the incentive allocation. The first entity in Item 12 terminated its SEC registration and is no longer active.

Sales compensation recipients

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Recipient	CRD	Associated broker-dealer
Morgan Creek Capital Distributors, LLC	000154377
Frontier Solutions, LLC	000136102
Exos Securities LLC	000298276

Source: Form D, filed Mar 18, 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

MORGAN CREEK - EXOS RISK-MANAGED BITCOIN FUND, LP

Investment adviser: MORGAN CREEK CAPITAL MANAGEMENT, LLC

Gross asset value: $3.81M
Beneficial owners: 13
ADV minimum commitment: $250K

Reported in Form ADV on Mar 31, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator SECURITIZE FUND SERVICES, LLC MIAMI, Florida, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor KPMG CAYMAN ISLANDS GRAND CAYMAN, Cayman Islands

Custodian COINBASE INC NEW YORK, New York, United States Related to adviser: No

Custodian SILICON VALLEY BANK BOSTON, Massachusetts, United States Related to adviser: No

Prime broker COINBASE INC 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 CAYMAN ISLANDS
PCAOB 1323

Filing source

Form ADV 2080851 · Mar 31, 2026 · Schedule D 7.B.(1), fund 805-2679698268

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
Morgan Creek Capital Management, Llc	Executive, Promoter
Morgan Creek Exos Gp, Llc	Executive, Promoter

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

Morgan Creek Capital Management Llc 301 West Barbee Chapel Road, Suite 200
Chapel Hill, NC, 27517