Form D · Hedge Fund
Universa Black Swan Protection Protocol XII L.P.
Miami, FL · CIK 0001584592
Offering snapshot reported Jan 12, 2026 · SEC filing
- Reported sold
- $51M Indefinite offering
- Investors reported
- 4 Form D · investor count
- Minimum accepted
- $1M Reported outside-investor minimum
- First sale
- Aug 9, 2013 As reported in this filing
Fundraising history
Reported soldDates 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$46,973,807 → $50,987,753
Filing history
Scroll to see all columns →
| Filed | Filing type | Reported sold | Change vs linked filing | Investors | Source |
|---|---|---|---|---|---|
| Jan 12, 2026 | Amendment | $50,987,753 | $4,013,946vs Jan 13, 2025 | 4 | SEC filing |
| Jan 13, 2025 | Amendment | $46,973,807 | $2,321,497vs Jan 16, 2024 | 4 | SEC filing |
| Jan 16, 2024 | Amendment | $44,652,310 | $2,758,221vs Jan 17, 2023 | 4 | SEC filing |
| Jan 17, 2023 | Amendment | $41,894,089 | $5,264,843vs Jan 21, 2022 | 4 | SEC filing |
| Jan 21, 2022 | Amendment | $36,629,246 | $5,615,412vs Jan 22, 2021 | 4 | SEC filing |
| Jan 22, 2021 | Amendment | $31,013,834 | $2,547,975vs May 12, 2020 | 4 | SEC filing |
| May 12, 2020 | Amendment | $28,465,859 | $4,873,346vs May 16, 2018 | 4 | SEC filing |
| May 14, 2019 | Amendment | $26,992,513 | $3,400,000vs May 16, 2018 | 4 | SEC filing |
| May 16, 2018 | Amendment | $23,592,513 | $8,230,347vs Jun 10, 2016 | 4 | SEC filing |
| Jun 2, 2017 | Amendment | $19,116,455 | $3,754,289vs Jun 10, 2016 | 4 | SEC filing |
| Jun 10, 2016 | Amendment | $15,362,166 | $1,500,000vs Jun 12, 2015 | 4 | SEC filing |
| Jun 12, 2015 | Amendment | $13,862,166 | $7,862,116vs Jun 12, 2014 | 4 | SEC filing |
| Jun 12, 2014 | Amendment | $6,000,050 | $3,500,000vs Aug 21, 2013 | 2 | SEC filing |
| Aug 21, 2013 | Initial | $2,500,050 | No comparison | 2 | SEC filing |
Offering details
- Securities
- Equity, Pooled investment fund, Other
- Exemptions
- 06b, 3C, 3C.7
- Duration over one year
- Yes
- Business combination
- No
- Sales commissions
- $0 (estimated)
- Finders' fees
- $0 (estimated)
- Form D file number
- 021-201678
Limited Partner Interests
Source: Form D, filed Jan 12, 2026. Minimum accepted may differ from a standard advertised minimum.
Fund connections
The linked fund shows its most recently reported ADV details.
Matched by reported Form D file number
UNIVERSA BLACK SWAN PROTECTION PROTOCOL XII L.P.
Investment adviser: UNIVERSA INVESTMENTS L.P.
- Gross asset value
- $266M
- Beneficial owners
- 2
- ADV minimum commitment
- $150M
Reported in Form ADV on Mar 31, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.
Service providers
Provider details
- Annual audit
- Yes
- Prime brokers
- Yes
- Custodians
- Yes
- Administrator other than the adviser
- Yes
- External marketing
- No
ERNST & YOUNG LLP
PCAOB 42
BOFA SECURITIES, INC.
SEC 8-69787
INTERACTIVE BROKERS LLC
SEC 8-47257
BOFA SECURITIES, INC.
CRD 283942 · SEC 8-69787
INTERACTIVE BROKERS LLC
CRD 36418 · SEC 8-47257
Filing source
Form ADV 2079495 · Mar 31, 2026 · Schedule D 7.B.(1), fund 805-5296686537
Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; 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.
| Name | Reported role |
|---|---|
| Eric Spencer | Executive |
| Mark W. Spitznagel | Executive |
| N/A Universa Black Swan Gp Xii Llc | Executive |
| N/A Universa Safe Haven Delaware Gp 2 Llc | Executive |
Issuer details
Industry: Pooled Investment Fund (See others in industry)
Address:Miami, FL, 33133