Hibiscus Capital Management
Hibiscus Capital Management last closed a fund in December 2021 — 59 months ago.
1 fund on record — a rhythm needs three. No month is guessed; the filing will say.
Late-cycle This firm is deep enough into its last fund that a new one would not be a surprise.
Still filing with the SEC: December 2023. That is an amendment to an existing offering, not a new fund - which is what an evergreen structure looks like in this data.
- Funds on file
- 1
- Capital raised
- $7M
- Latest close
- December 2021
- Based in
- MD
Vehicles on file
| Vehicle | First close | Amount | Filings |
|---|---|---|---|
| Hibiscus Capital Management Fund II LP | December 2021 | $7M | 0001895820 ↗ |
Each row links to that vehicle’s Form D filings on EDGAR — the name, date and amount above should match what is filed there.
Named on filings
Joshua Barer, Athanasia Anagnostou, Christopher Jeffers, James Bennethum, Martin Warren, Michael King, Warren Martin
What Hibiscus Capital Management invests in
- Typical fund
- $7M median, pre-seed / seed scale
Service providers
- Fund administrator
- Carta (1 fund)
- Auditor
- Not on file
From Form ADV filed by HIBISCUS CAPITAL MANAGEMENT LLC CRD 316421 ↗, latest filing November 2024, covering 1 fund linked to this firm by Form D file number. Form ADV is filed once a year, so a provider may have changed since — and this adviser has not filed since then in our data. How this is matched.
What this is. Every figure on this page comes from Form D filings with the U.S. Securities and Exchange Commission — public records, reproduced here as filed. Service providers, where shown, come from the adviser’s Form ADV and are dated.
What it is not. Single-deal SPVs, feeder vehicles and GP or employee commitment funds are listed but excluded from fund counts and capital totals: an SPV is one investment, a feeder holds the same capital as its master, and a “Principals” or “Entrepreneurs” fund closes alongside a main fund rather than being raised in its own right. Capital deployed from a family office, a corporate balance sheet or an evergreen structure never arrives as a fund close, so a firm doing that looks quiet here. Amounts are as of the last amendment and go stale. Dates are the date of first sale — a fund's first close, not its final one. Funds filed as “Indefinite” are excluded from totals rather than counted as zero, so a total is a floor.
“No recent fund” is a statement about filings. It is not a statement about whether a firm is solvent, investing, or still in business.