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Protagonist

Protagonist last closed a fund in August 2026 — 3 months ago.

Next fund
No rhythm to call

It raises on several lines, too close together for one rhythm. No month is guessed; the filing will say.

Deploying  This firm closed a fund in the last 18 months, so it has money to put to work now.

Funds on file
11
Single-deal SPVs
1
Capital raised
$402M+
Latest close
August 2026
Based in
FL

Vehicles on file

VehicleFirst closeAmount Filings
Protagonist AI III LPAugust 2026not stated0002134630 ↗
Protagonist Soma I LPMay 2026$88M0002134639 ↗
Protagonist AI II LPMay 2026$150M offered0002134638 ↗
Protagonist Eluve I LPApril 2026$2M0002051962 ↗
Protagonist VVRL II LPDecember 2025not stated0002098735 ↗
Protagonist II LPAugust 2025$112M0002074054 ↗
Protagonist ROAM I LPJune 2025not stated0002070292 ↗
Protagonist VVRL I LPMarch 2025not stated0002061747 ↗
Protagonist AI LPMay 2024not stated0002022510 ↗
Protagonist Equities Odyssey Fund I LPJanuary 2023$18M0001963380 ↗
Protagonist US LPApril 2022$33M0001931448 ↗
Protagonist SPV I LP (single-deal SPV)June 2023not stated0001981527 ↗

5 of these filed no amount (an “Indefinite” offering), so the total above is a floor.

Dated from filing date; no date of first sale was reported.

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

George Bousis, Harry Hurst, George Ruan

What Protagonist invests in

Typical fund
$88M median, early stage, Series A-B scale
Median of this firm’s filed fund sizes on Form D.
Website
protagonist.co
As filed by the adviser on Form ADV, March 2024.

Service providers

Fund administrator
Securitize Fund Services (5 funds)
Auditor
CohnReznick (1 fund)

From Form ADV filed by PROTAGONIST MANAGEMENT LLC CRD 322383 ↗, latest filing March 2026, covering 5 funds 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.