Form D · Hedge Fund

Universa Black Swan Protection Protocol L LP

Miami, FL · CIK 0001819398

Offering snapshot reported Jan 12, 2026 · SEC filing

Reported sold
$32M
Indefinite offering
Investors reported
2
Form D · investor count
Minimum accepted
$100K
Reported outside-investor minimum
First sale
Jul 23, 2020
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$16M$32MAug 6, 2020: $8,250,000.00Aug 6, 2020Jan 22, 2021: $11,550,000.00Jan 21, 2022: $11,550,000.00Jan 17, 2023: $23,216,667.00Jan 16, 2024: $24,886,667.00Jan 13, 2025: $30,314,167.00Jan 12, 2026: $31,984,167.00Jan 12, 2026

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$30,314,167 → $31,984,167

Filing history

Scroll to see all columns →

FiledFiling typeReported soldChange vs linked filingInvestorsSource
Jan 12, 2026Amendment$31,984,167$1,670,000vs Jan 13, 20252SEC filing
Jan 13, 2025Amendment$30,314,167$5,427,500vs Jan 16, 20242SEC filing
Jan 16, 2024Amendment$24,886,667$1,670,000vs Jan 17, 20232SEC filing
Jan 17, 2023Amendment$23,216,667$11,666,667vs Jan 21, 20222SEC filing
Jan 21, 2022Amendment$11,550,000$0vs Jan 22, 20212SEC filing
Jan 22, 2021Amendment$11,550,000$3,300,000vs Aug 6, 20202SEC filing
Aug 6, 2020Initial$8,250,000No comparison1SEC 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
021-372656
Limited Partner Interests

Source: Form D, filed Jan 12, 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

UNIVERSA BLACK SWAN PROTECTION PROTOCOL L LP

Investment adviser: UNIVERSA INVESTMENTS L.P.

Gross asset value
$425M
Beneficial owners
2
ADV minimum commitment
$150M

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 STONE COAST FUND SERVICES PORTLAND, Maine, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor ERNST & YOUNG LLP LOS ANGELES, California, United States
Custodian BOFA SECURITIES, INC. NEW YORK, New York, United States Related to adviser: No
Custodian THE NORTHERN TRUST INTERNATIONAL BANKING CORPORATION JERSEY CITY, New Jersey, United States Related to adviser: No
Prime broker BOFA SECURITIES, 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

ERNST & YOUNG LLP
PCAOB 42

BOFA SECURITIES, INC.
SEC 8-69787

BOFA SECURITIES, INC.
CRD 283942 · SEC 8-69787

Filing source

Form ADV 2079495 · Mar 31, 2026 · Schedule D 7.B.(1), fund 805-1442349778

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
NameReported role
Eric Spencer Executive
Mark W. Spitznagel Executive
N/A Universa Black Swan Gp L Llc Executive
N/A Universa Safe Haven Delaware Gp 3 Llc Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:
2601 South Bayshore Drive, Suite 2030
Miami, FL, 33133