Stealth Fund I capitalizes the next 8–12 companies coming out of the Stealth Method. Single-vehicle access to the studio's deal flow, infrastructure, and compounding network effects. Closing on a rolling basis through 2026.
Most early-stage funds put $25M into 12 companies and hope. Stealth Fund I puts $25M into 8–12 companies that come out of a documented, instrumented studio — companies that share talent, capital, customers, and infrastructure with the rest of the portfolio.
Every company funded by Stealth Fund I has already cleared validation gates inside the studio. We've killed the bad ideas before you write the check.
Stealth's portfolio has produced 18 companies in 8 years. None have shuttered. Cross-portfolio leverage is the reason — and Fund I LPs inherit it.
Studio infrastructure (Forkaia talent, shared brand, legal, ops) means each Fund I company reaches the same milestones for 30–40% less deployed capital.
LPs get first look at every Stealth follow-on round, plus co-invest rights on outsized opportunities. The Fund is the door — the studio is the network behind it.
Quarterly LP reports, audited annually. Per-company financial data rooms accessible to committed LPs. No black-box NAV games.
Stealth GPs invest 5% of Fund I personally — meaningful skin in the game beyond carry. Our compensation is back-loaded to outcomes, not management fees.
Designed to maximize portfolio dispersion while reserving enough dry powder for the breakouts.
Average initial check size $1.2M–$1.8M per company, deployed over Years 1–3 alongside the Stealth Method's incubation cadence.
Reserved capital for follow-on rounds in our highest-performing portfolio companies. Deployed selectively at Series A and Series B.
Standard 2% management fee through Year 4, declining thereafter. Used to fund GP operations, audit costs, and LP reporting.
Legal, accounting, audit, K-1 preparation, fund admin, and other vehicle costs over the 10-year fund life.
Modeled scenarios based on Stealth's 8-year operating history and comparable studio fund benchmarks. Past performance is not a guarantee of future results. (You knew that.)
"Breakout" defined as a Stealth company that reaches Series A+ valuation of $100M or higher within 5 years of incubation. Stealth's 8-year hit rate has produced a breakout in approximately 1 of every 4 incubations.
Initial close Q3 2026 with $10M+ committed. Final close by Q4 2026. First 3–4 portfolio companies funded by Q1 2027.
Remaining 4–8 portfolio companies funded. Quarterly LP reports begin. First annual audit Q1 2027. Annual letter Vol II distributed.
Follow-on reserves deployed into breakout companies. First distributions to LPs from M&A or secondary sales of mature portfolio positions.
Most portfolio companies reach exit readiness. Major distributions to LPs. Final follow-on capital deployed where applicable.
Final liquidations of remaining holdings. Fund wind-down. K-1s issued, residual distributions paid. Fund II opens.
Stealth Fund I is a concentrated, illiquid, 10-year commitment. Suited to LPs who view venture as a long-term asset class and want differentiated access to studio-style deal flow.
Funds of funds and institutional allocators seeking studio exposure beyond traditional early-stage venture. Tier-1 LP reporting, audited financials, K-1 timeliness.
Single-family and multi-family offices looking for direct exposure to a studio system with cross-portfolio synergies — particularly those with existing positions in adjacent operating businesses.
Operating executives and founders looking to LP in an asset class they understand — alongside others who built companies in the same way.
Qualified purchaser individuals (typically $5M+ investable assets) who want venture exposure through a curated studio rather than picking individual angel deals.
A regular seed fund finds founders, writes checks, and waits. Stealth Fund I deploys exclusively into companies that come out of the Stealth studio system — companies we co-founded, that share talent and infrastructure with the rest of our 18-company portfolio. The capital efficiency, founder vetting, and downside protection are structurally different from cold-pitched seed deals.
Fund I is a single 10-year vehicle. The Stealth studio is permanent — it has operated for 8 years before this fund, will operate after this fund, and runs across many vehicles over time. Fund I underperforming would not jeopardize the studio's operations. That said, our GP commitment (5%) means we have meaningful personal capital at risk.
Yes. LPs who commit $1M or more receive co-invest rights on any company in the Fund I portfolio that raises an outside-led round. Co-invest is offered pro-rata to commitment size and is at the underlying company's then-current round valuation.
Companies for Fund I are sourced exclusively from the Stealth incubation pipeline. Each must clear the Method's validation gates (3+ signed LOIs, MVP shipped, paying customer signal). The Fund's investment committee — Ali Sina plus 2 external advisors — votes on each deployment with veto rights.
Fund I will be US-focused with potential strategic positions in Canada and the UK. Sector dispersion across AI/ML infrastructure, climate, vertical SaaS, healthcare, fintech, and consumer brand. No single sector will exceed 35% of fund deployment.
None during the 10-year fund life. This is illiquid venture exposure. Distributions begin in approximately Year 5 when first M&A or secondary events occur. Anyone needing liquidity inside a decade should not invest in this fund.
Round Z is Stealth's in-house initial capital arm — it deploys studio capital before companies are ready for outside investment. Fund I is the first vehicle that opens this deal flow to outside LPs. Round Z and Fund I co-invest on a pari-passu basis where both vehicles participate in a company.
The full data room — fund agreement, side letter templates, audited Stealth financials, per-company historical data, LP reports, and audit opinions — is available under NDA to qualified LPs upon initial mutual interest. Request access through the form below.
This page does not constitute an offer to sell or a solicitation of an offer to buy any security. Any offering will be made only by means of confidential offering documents to qualified institutional investors and accredited investors. Past performance of Stealth's existing portfolio is not indicative of future results of Stealth Fund I or any related vehicle. Investments in private funds involve substantial risk, including the possible loss of principal. Investments are illiquid, with no public trading market expected during the fund term. Modeled return scenarios are illustrative and not guaranteed. Prospective investors should review the full offering documents and consult with their legal, tax, and financial advisors before making any investment decision.
A short form. We respond within 3 business days with the offering documents, full audited financials, and a 30-minute intro call.
For institutional allocators, family offices, and qualified individuals. Initial inquiries are confidential. We do not add anyone to mailing lists without explicit consent.
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