HedgeMountain

Universa Black Swan Protection Protocol XCII L.P.

Miami, FL · CIK 2102847
Emerging

Universa Black Swan Protection Protocol XCII L.P. is a hedge fund based in Miami, Florida. According to its most recent Form D, filed Dec 30, 2025, the fund has sold $2,250,000 of interests to 1 investor since its first sale in Dec 2025. 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. Based on its first sale date and the amount raised, HedgeMountain classifies it as an emerging manager. Related persons named in the filing include Mark Spitznagel; Eric Spencer; Universa Safe Haven Delaware GP 5 LLC.

Performance

No verified returns have been reported for this fund. Hedge fund returns are not part of SEC filings; managers report them to HedgeMountain directly.

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Total raised
$2,250,000Cumulative sales reported on Form D
Investors
1
First sale
Dec 1, 2025
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 5 LLC
Latest Form D
Dec 30, 2025

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 31% of the 743 hedge funds based in Florida, and more than 9% of all 10,157 that report sales.

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