FormDSignal
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HCM S25A LP launches indefinite venture fund from San Francisco

New fund · Venture capital · Pre-first close · SAN FRANCISCO, CA · Form D filed 2026-10-28 · all Hcm S25A vehicles · Follow Hcm S25A →

HCM S25A LP, a Delaware limited partnership formed in 2026, is raising an indefinite amount for a venture capital fund. The fund is at pre-first-close stage with no investors yet and no placement agent listed.

Note: Entity name 'HCM S25A' does not clearly indicate sponsor brand; firstTimeManager flag is false but fund numerals and sponsor identity are unclear from filing.

Pre-first closeFirst filing by this entityVenture capital

How this compares

  • Across 445 venture capital sponsors with more than one launch on EDGAR, the median gap between consecutive funds is 3 months.
  • No earlier fund launch by this sponsor appears on EDGAR.

Computed from every Form D fund launch on EDGAR since late 2024, not sampled. Amounts are the stated offering size; indefinite offerings are excluded.

People on the filing

Armaan AliExecutive Officer, Promoter
General Partner HCM S25A GP LLCPromoter

[email protected] · observed Work emails for the people on the filing, where the firm publishes or patterns them, labelled by confidence — subscribers

Signed by Armaan Ali, Managing Member of the GP of the Issuer.

Why now — by persona

  • Fund administrator:A concrete reason to call this issuer this week, citing the filing. Subscribe to unlock
  • Fund audit & tax:A concrete reason to call this issuer this week, citing the filing. Subscribe to unlock
  • Fund-formation counsel:A concrete reason to call this issuer this week, citing the filing. Subscribe to unlock

Filing contact

The issuer's phone number and address from the filing are shown to subscribers. See plans.