Diligence memo · auto-generated · as of July 3, 2026
Happy Capital Debt Fund LP
Happy Capital Debt Fund LP has raised $500M over 1 round; too few niche peers to rank its valuation yet.
Businessfiled
Happy Capital Debt Fund LP operates in Investment Vehicle, based in NORTH BETHESDA.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Happy Capital Debt Fund LP has raised $500M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Growth/Late (a round over $400M).
Largest single filing: $500M on 2024-07-02.
Most recent recorded round closed around 2024-07-02.
Valuation (modeled)modeled
Provath models Happy Capital Debt Fund LP at approximately $5.6B (range $3.9B–$7.2B). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Too few comparable companies in this niche to rank the valuation fairly yet.
Financing rhythm & timingmixed
Not enough dated financing history to read a financing rhythm.
Comparablesmixed
Capital scale ranks ahead of 99% of Investment Vehicle peers (1793 compared).
Modeled value ranks above 99% of those peers.
Peoplefiled
2 named people on file across officers, directors and signatories.
Risks & flagsmixed
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.