MDF Fund I discloses $27M sold in open-ended securities offering

What's the deal? MDF Fund I, LP has disclosed sales of $27,437,677 in an exempt securities offering. The California-registered pooled investment vehicle listed the total offering size as indefinite, meaning the amount sold to date could grow.

Who's involved? The fund operates as a limited partnership, with David A. Lynn named as executive officer and Joseph Pileri as chief legal officer. The filing, dated September 11, 2026, was conducted under exemptions 3C and 3C.1.

The signal: An indefinite offering lets a fund keep raising capital without a set cap, giving managers flexibility to add investors over time. With $27.4 million already sold, the disclosure marks a checkpoint rather than a close.

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