

1 on a current fund
last 24 months
across filed funds
| Vehicle | Filed | Target | Sold to date | Investors |
|---|---|---|---|---|
| Positive Sum Capital IVFiled to raise in 2026, with no closing reported yet. | 2026 | $400M | $0 | 0 |
| Positive Sum Conviction FundFiled to raise in 2026, with no closing reported yet. | 2026 | $100M | $0 | 0 |
| Positive Sum Capital III | December 2024 | $400M | $185M | 12 |
| Positive Sum Capital II - AA | May 2022 | $100M | $8.5M | 3 |
| Positive Sum Capital II - QP | May 2022 | $300M | $119M | 28 |
| Positive Sum Capital | October 2020 | $125M | $64M | 33 |
Amounts are Item 13 as filed: the target is the whole offering, and the amount sold is cumulative across amendments rather than a final close. The filing carries no per-investor amount, so a firm’s own cheque is not recoverable here.
1 partner is named across this firm’s filings, 1 of them on a fund it is deploying now.
| Partner | Activity | Categories | Board seats | Last 24mo |
|---|---|---|---|---|
| Patrick O'Shaughnessy | Quiet | None listed | 3 | 0 |
Activity is filed board seats in the last 24 months: 4+ Active, 2–3 Selective, 1 Slowing, none Quiet. A firm's tier totals its partners, so an active firm may be four partners with one seat each. It undercounts partners who invest without taking a board seat, and filings lag a closing by weeks, so Quiet means the paperwork is quiet, not the person.
Too few companies classified yet to infer a focus. 0 of 3 portfolio companies are classified.
Not a filing value: this is Lev’s own classification of each company, one company one vote regardless of how many of Positive Sum’s partners are named on its board, shown only when we found a specific, checkable source. Companies with no source read as unclassified and are left out of the shares above.
No other firm shares a filed board seat with Positive Sum yet. That is a gap in what we have read, not a claim that Positive Sum invests alone.
A shared board seat: a company where filings name a Positive Sum partner and a partner at the other firm, both with a clean identity match. Not a claim either firm led or co-led the round, only that both are named on the same board.