Form D · Hedge Fund

DBH1 LP

South Norwalk, CT · CIK 0001844706

Offering snapshot reported Jan 6, 2026 · SEC filing

Reported sold
$72.9M
Indefinite offering
Investors reported
47
Form D · investor count
Minimum accepted
$0
Reported outside-investor minimum
First sale
Mar 16, 2021
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$36.4M$72.9MMar 16, 2021Jan 6, 2025: $50,199,392.00Jan 6, 2025Jan 6, 2026: $72,888,718.00Jan 6, 2026

Dates are filing dates, not cash receipt dates. Decreases are reported revisions, not evidence of withdrawals. Separate offering histories are not added together.

What changed?

Latest filing versus its linked predecessor, where available.

  • Reported sold$50,199,392 → $72,888,718
  • Reported investors37 → 47

Filing history

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FiledFiling typeReported soldChange vs linked filingInvestorsSource
Jan 6, 2026Amendment$72,888,718$22,689,326vs Jan 6, 202547SEC filing
Jan 6, 2025Amendment$50,199,392No comparison37SEC filing
Mar 16, 2021InitialYet to sellNo comparison24SEC filing

Offering details

Securities
Equity, Pooled investment fund
Exemptions
06b, 3C, 3C.1
Duration over one year
Yes
Business combination
No
Sales commissions
$125K (estimated)
Finders' fees
$0 (estimated)
Form D file number
021-392411

Sales compensation recipients

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RecipientCRDAssociated broker-dealer
Morgan Stanley000149777
William Blair000001252

Source: Form D, filed Jan 6, 2026. Minimum accepted may differ from a standard advertised minimum.

Fund connections

Each card uses that adviser's latest imported filing. Filing dates can differ; these disclosures do not confirm a current relationship.

Matched by reported Form D file number

DBH1 LP

Investment adviser: DISCOVERY CAPITAL MANAGEMENT, LLC

Gross asset value
$320M
Beneficial owners
54
ADV minimum commitment
$1M

Reported in Form ADV on Mar 31, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator INTERNATIONAL FUND SERVICES (N.A.) LLC BOSTON, Massachusetts, United States Investor statements: Yes (provided to all investors) Related to adviser: No Other funds reporting this name →
Auditor PRICEWATERHOUSECOOPERS LLP NEW YORK, New York, United States Other funds reporting this name →
Custodian MORGAN STANLEY & CO. LLC NEW YORK, New York, United States Related to adviser: No Other funds reporting this name →
Custodian STATE STREET BANK AND TRUST COMPANY BOSTON, Massachusetts, United States Related to adviser: No Other funds reporting this name →
Marketer WILLIAM BLAIR & COMPANY L.L.C. CHICAGO, Illinois, United States Related to adviser: No Other funds reporting this name →
Prime broker MORGAN STANLEY & CO. LLC NEW YORK, New York, United States Other funds reporting this name →
Provider details
Annual audit
Yes
Prime brokers
Yes
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
Yes

PRICEWATERHOUSECOOPERS LLP
PCAOB 238

MORGAN STANLEY & CO. LLC
SEC 8-15869

STATE STREET BANK AND TRUST COMPANY
LEI 571474TGEMMWANRLN572

WILLIAM BLAIR & COMPANY L.L.C.
CRD 1252 · SEC 801-688

MORGAN STANLEY & CO. LLC
CRD 8209 · SEC 8-15869

Fund asset history · 5 annual observations Gross asset value by annual ADV filing$0$160M$320MFY 2021: $105,601,350.00FY 2021FY 2022: $85,562,373.00FY 2022FY 2023: $110,150,752.00FY 2023FY 2024: $143,241,060.00FY 2024FY 2025: $320,254,611.00FY 2025

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Fiscal yearGross assetsBeneficial ownersADV filed
2021$105,601,35038Mar 31, 2022
2022$85,562,37340Mar 31, 2023
2023$110,150,75242Mar 28, 2024
2024$143,241,06046Mar 28, 2025
2025$320,254,61154Mar 31, 2026
Filing source

Form ADV 2050019 · Mar 31, 2026 · Schedule D 7.B.(1), fund 805-2656009176

Reported by DISCOVERY CAPITAL MANAGEMENT, LLC (CRD 161263).

Annual Updating Amendment for Registered Adviser · fiscal year 2025.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.

People & organizations

Current and past Form D appearances. These existing records do not establish a person's current role or uniquely identify them across issuers.

People and organizations reported in Form D filings
NameReported role
Dbh1 Gp, Llc Executive, Promoter
Discovery Capital Management Llc Executive, Promoter

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:
Dg Ptm Gp Llc 20 Marshall Street, Suite 310
South Norwalk, CT, 06854