Form D · Hedge Fund

Papyrus Capital Fund LP

New York, NY · CIK 0001660264

Offering snapshot reported Jan 9, 2026 · SEC filing

Reported sold: $19.9M
Investors reported: 42
Minimum accepted: $0
First sale: Jan 1, 2016

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$19,436,490 → $19,936,490

Filing history

Scroll to see all columns →

Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Jan 9, 2026	Amendment	$19,936,490	$500,000vs Jan 10, 2025	42	SEC filing
Jan 10, 2025	Amendment	$19,436,490	$0vs Jan 12, 2024	42	SEC filing
Jan 12, 2024	Amendment	$19,436,490	$250,000vs Jan 13, 2023	42	SEC filing
Jan 13, 2023	Amendment	$19,186,490	$0vs Sep 1, 2022	41	SEC filing
Sep 1, 2022	Amendment	$19,186,490	$2,700,000vs Jul 23, 2021	41	SEC filing
Jul 23, 2021	Amendment	$16,486,490	No comparison	Not reported	SEC filing
Jan 8, 2019	Amendment	$13,311,490	$1,748,156vs Jan 19, 2018	30	SEC filing
Jan 19, 2018	Amendment	$11,563,334	$4,586,955vs Dec 8, 2016	24	SEC filing
Dec 8, 2016	Amendment	$6,976,379	No comparison	17	SEC filing
Dec 8, 2015	Initial	Yet to sell	No comparison	0	SEC filing

Offering details

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

Sales commissions: $0 (estimated)
Finders' fees: $0 (estimated)
Form D file number: 021-252660

Source: Form D, filed Jan 9, 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

PAPYRUS CAPITAL FUND LP

Investment adviser: ARS INVESTMENT PARTNERS, LLC

Gross asset value: $13.1M
Beneficial owners: 27
ADV minimum commitment: $250K

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

Service providers

Fund administrator APEX FUND SERVICES (US) INC. NEW YORK, New York, United States Investor statements: No (provided to no investors) Related to adviser: No

Auditor SPICER JEFFRIES LLP DENVER, Colorado, United States

Custodian BTIG, LLC SAN FRANCISCO, California, United States Related to adviser: No

Prime broker BTIG, LLC SAN FRANCISCO, California, United States

Provider details

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

SPICER JEFFRIES LLP
PCAOB 349

BTIG, LLC
SEC 8-65473

BTIG, LLC
CRD 122225 · SEC 8-65473

Filing source

Form ADV 2098927 · Apr 27, 2026 · Schedule D 7.B.(1), fund 805-2072101026

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 Ars Investment Partners, Llc	Executive
N/A Papyrus Capital Gp Llc	Executive
N/A Papyrus Capital Lp	Executive
Nitin Sacheti	Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

529 Fifth Avenue Suite 500
New York, NY, 10017