Aphias Capital Fund I, L.P.
Raised
$1.1B
Investors
52
Min Invest
None stated
AltStreet Analysis
·Generated from EDGAR primary sources
Delaware limited partnership formed in 2025 with a San Francisco address, filing as a pooled investment fund of the private equity type with an indefinite offering amount. Its first Form D, filed September 30, 2025 (accession 0002070575-25-000003), reported no sales and a first sale yet to occur. The amendment filed October 8, 2026 (accession 0002070575-26-000001) reports a first sale on October 1, 2025 and $1,055,968,750 sold to 52 investors, and states that the total amount sold is aggregated between the issuer and its related parallel fund and includes the general partner's amounts; the parallel fund's own amendment (accession 0002070576-26-000001) carries the same note and reports the same $1,055,968,750 across 38 investors. The filing names PJT Partners LP (CRD 171058) as the recipient of sales compensation with solicitation in all states, states that placement agent fees are offset dollar-for-dollar against the management fee, says the general partner receives a management fee and performance allocation at rates set out in confidential offering materials, checks both the 3(c)(1) and 3(c)(7) exclusions without explanation, and names Rob Wolfson as promoter. Aphias announced on October 8, 2026 that it had completed the final close of the fund at over $1.05 billion.
Institutional buyout fund: the debut fund of Aphias Capital, a San Francisco lower-middle-market private equity firm formed in 2025 by former H.I.G. Capital executive Rob Wolfson, sold alongside a parallel vehicle (Aphias Capital Fund I-A, L.P., CIK 0002070576) whose Form D reports the same aggregate total. Not a retail platform vehicle.
Data Flags
EDGAR Filing Data
Form D — Primary Source
View on SEC.govFilings on Record
Every filing AltStreet's ledger holds for this CIK, newest first. Each opens the SEC archive folder.
Fund Family
Every vehicle in this manager's series as it appears on EDGAR, newest generation first. Sold-to-date and investor counts are each vehicle's latest Form D.
Fund family
Aphias Capital Fund2 vehicles · 1 generation · since 2025 · $1.06B sold across the family
This issuer is in Fund I
| Vehicle | Role | First filed | Status | Sold | Investors |
|---|---|---|---|---|---|
| Fund I · first filed 2025-09-30 · 2 vehicles · $1.06B sold · 52 investors | |||||
| Aphias Capital Fund I, L.P.this issuer | 2025-09-30 | raising | $1.06Bcombined | 52 | |
| Aphias Capital Fund I-A, L.P. | sleeve A | 2025-09-30 | raising | $1.06Bcombinedshared | 38 |
Grouped from Form D issuer names (generation, sleeve, jurisdiction and legal-form tokens removed); a name-only match, so abbreviated or renamed vehicles can be missed. Sold and investor figures are each vehicle's latest Form D; sleeves that report the same figure share one family-wide total and are counted once. Performance lines are what a public pension plan reports for its own interest in that fund, net, on the plan's cash flows and valuation date; they are not the general partner's figures.
In the Terminal
Filing events
5
latest Oct 8, 2026
Critical / warning
1 / 0
2 watch · 2 info
Statements extracted
0
none on file
NAV prints
0
none on file
Offering chains
1
raising
Latest event First sale · Oct 8, 2026
SEC.govInvestor
- 5 filing events with values and deltas, latest 2026-10-08, and alerts on the next one
- 1 offering timeline: velocity, share raised, first-sale lag, stalled flags
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Related Persons (Form D)
Executive officers, directors, and promoters listed on the SEC Form D filing. Source: SEC.gov.
Rob Wolfson
Promoter · San Francisco, CA
Placement Agents and Sales Compensation (Form D)
Who the issuer reported paying to sell the securities (Form D Item 12), with the FINRA registration number the filer gave. Source: SEC.gov.
PJT PARTNERS LPCRD 171058 on BrokerCheck
Associated broker-dealer: None · NEW YORK, NY · Soliciting in all states
Questions About Aphias Capital Fund I, L.P.
Each answer is built from the values on the SEC filing and the AltStreet ledger, not from the issuer's marketing.
What is Aphias Capital Fund I, L.P.?
Aphias Capital Fund I, L.P. is a Delaware limited partnership organized in 2025 that filed a Form D with the SEC on October 8, 2026 as a private equity fund. The filing claims Rule 506(b), Section 3(c), Section 3(c)(1), Section 3(c)(7) for an offering of equity and pooled investment fund interests.
Is Aphias Capital Fund I, L.P. legit?
AltStreet does not rate legitimacy; it reports the public record. Aphias Capital Fund I, L.P. filed a Form D with the SEC on October 8, 2026 claiming Rule 506(b), Section 3(c), Section 3(c)(1), Section 3(c)(7). A Form D is a notice of an exempt offering, not a review or approval of it. The newest notice reports $1,055,968,750 sold to 52 investors. AltStreet's enforcement record (SEC, FINRA and state actions) shows no action naming the issuer as of today. Before investing, confirm the filing on EDGAR, check the seller's registration on FINRA BrokerCheck, and read the offering documents, which a Form D does not include.
Is Aphias Capital Fund I, L.P. registered with or approved by the SEC?
No. A Form D is a notice that an issuer is selling securities under an exemption from registration, and the SEC does not review, approve, or pass on the merits of the offering. The filing shows that Aphias Capital Fund I, L.P. claimed Rule 506(b), Section 3(c), Section 3(c)(1), Section 3(c)(7) and disclosed the items the form requires, such as the amount sold, the minimum investment, related persons, and anyone paid to sell the securities. It does not verify the issuer's claims or its business.
How much has Aphias Capital Fund I, L.P. raised?
Aphias Capital Fund I, L.P. reported $1,055,968,750 sold from 52 investors in an offering of indefinite size as of the Form D filed October 8, 2026. The filing states that the figure is combined across related vehicles, so it is not this entity's figure alone.
Who can invest in Aphias Capital Fund I, L.P.?
The offering relies on Rule 506(b), which permits sales to accredited investors and to no more than 35 non-accredited investors who meet a sophistication standard, and prohibits general solicitation. The filing checks both Section 3(c)(1), which caps the fund at 100 beneficial owners, and Section 3(c)(7), which requires every investor to be a qualified purchaser, generally an individual with at least $5 million in investments. A fund normally relies on one or the other. The filing reports no non-accredited investors. The filing lists the minimum investment as $0, meaning no minimum was stated.
What is the minimum investment in Aphias Capital Fund I, L.P.?
The Form D lists the minimum investment as $0, which means the issuer did not state a minimum on the form. The offering documents, not the Form D, set the actual subscription terms.
Who is selling Aphias Capital Fund I, L.P. and how are they paid?
The Form D names PJT PARTNERS LP (CRD 171058), associated with None as the recipient of sales compensation soliciting in all states. Sales commissions are reported as $0 and finders' fees as $0. Form D allows these to be estimates.
Who is behind Aphias Capital Fund I, L.P.?
The Form D lists 1 related person: ROB WOLFSON, executive officer, promoter. Form D Item 3 requires executive officers, directors, and promoters of the issuer to be listed.
Where is Aphias Capital Fund I, L.P. located?
The issuer's address on its SEC filings is 650 California Street, 21st Floor, San Francisco, CA 94108. Its phone number of record is (415) 425-6124. It is organized under the laws of Delaware.
How long is the Aphias Capital Fund I, L.P. offering open?
The issuer indicated that the offering is not intended to last more than one year. An issuer must amend its Form D annually while a continuing offering stays open; 1 amendment is on record for this CIK.
How large is Aphias Capital Fund I, L.P.?
The issuer declined to disclose its revenue range on the Form D, which the form permits.
Is this your offering?
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Data Methodology
Capital raise figures, investor counts, and filing dates are sourced directly from SEC EDGAR Form D primary documents via the SEC EDGAR submissions API and full-text search index. EDGAR entity profiles and deal-level data are reviewed by AltStreet analysts with backgrounds in corporate finance and securities law — cross-referenced against offering circulars, audited financial statements, and primary regulatory filings before publication. Platform-provided information, where present, is clearly labeled and does not affect EDGAR data or AltStreet editorial coverage. Platforms may request factual corrections for demonstrable inaccuracies by contacting [email protected]. This page does not constitute investment advice.