Hsi CFS
Hsi CFS last closed a fund in May 2025 — 18 months ago. By its own rhythm, that is right about when it usually raises again.
Hsi CFS has raised 3 times on its Phaidra funds about every 18 months. The last was HSI Phaidra III LLC. That pointed to Nov 2026: due now, and no new fund filed yet.
Historically about 1 in 4 firms in this position filed within a year. The month is approximate — how often this is right.
This firm closed a fund in the last 18 months, so it has money to put to work now.
- Funds on file
- 10
- Capital raised
- $74M
- Latest close
- May 2025
- Based in
- CA
Vehicles on file
| Vehicle | First close | Amount | Filings |
|---|---|---|---|
| HSI Phaidra III LLC | May 2025 | $14M | 0002072168 ↗ |
| HSI CFS-TH I LLC | May 2025 | $2M | 0002067733 ↗ |
| HSI CFS II LLC | February 2025 | $4M | 0002059121 ↗ |
| HSI Phaidra II LLC | November 2023 | $805,000 | 0002003839 ↗ |
| HSI MAPS PBC I LLC | September 2023 | $2M | 0001994646 ↗ |
| HSI Phaidra I LLC | June 2022 | $2M | 0001940178 ↗ |
| HSI Twin Health II LLC | April 2022 | $1M | 0001926271 ↗ |
| HSI Fund I GS LP | April 2022 | $4M | 0001926270 ↗ |
| HSI CFS I LLC | November 2021 | $14M | 0001910327 ↗ |
| HSI Fund I F&F LP | August 2021 | $31M | 0001881457 ↗ |
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
Henry Elkus
What Hsi CFS invests in
- Typical fund
- $4M median, pre-seed / seed scale
Service providers
- Fund administrator
- Juniper Square (1 fund)
- Auditor
- Not on file
From Form ADV filed by HELENA SPECIAL INVESTMENTS LLC CRD 317076 ↗, latest filing March 2026, 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. 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.