Odaily reported that Nick Tomaino, a partner at 1confirmation, stated in a Q2 2026 letter to LPs that cumulative cash distributions across all funds have reached about $317 million. The figure has exceeded the total contributed capital across all funds, which was disclosed at about $286 million.
Cash distributions surpass contributed capital
Based on the disclosed figures, cumulative cash distributions are about $31 million higher than total contributed capital. The distribution amount is approximately 110.8% of the contributed capital figure. In this fund context, LP refers to limited partners, the investors that provide capital to the fund.
The disclosure centers on two numbers: roughly $317 million in cumulative cash distributions across all funds and roughly $286 million in total contributed capital across all funds. In the Q2 2026 letter, Tomaino compared these two figures, indicating that the cash distributions have covered and surpassed the aggregate capital contributed.