HedgeMountain

Universa Black Swan Protection Protocol L LP

Miami, FL · CIK 1819398

Universa Black Swan Protection Protocol L LP is a hedge fund based in Miami, Florida. According to its most recent Form D, filed Jan 12, 2026, the fund has sold $31,984,167 of interests to 2 investors since its first sale in Jul 2020. The minimum investment it accepts from an outside investor is $100,000. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include Mark Spitznagel; Eric Spencer; Universa Safe Haven Delaware GP 3 LLC.

Total raised
$31,984,167Cumulative sales reported on Form D
Investors
2
First sale
Jul 23, 2020
Minimum investment
$100,000
Who can invest
Qualified purchasersSection 3(c)(7): generally $5M+ in investments
Offering exemption
Rule 506(b)No general advertising
Key people and entities
Mark Spitznagel; Eric Spencer; Universa Safe Haven Delaware GP 3 LLC
Latest Form D
Jan 12, 2026

From SEC filings, not verified. This page republishes the fund's Form D as filed. It is not an offer, solicitation or recommendation, and HedgeMountain has not reviewed the fund. “Raised” is cumulative sales, not current assets or performance. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures

Size compared with every hedge fund

Raised more than 64% of the 743 hedge funds based in Florida, and more than 37% of all 10,157 that report sales.

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