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2025 Semi-Annual Letter

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Disclaimer: Bilbel Capital LLC provides investment management services to Bilbel Capital Fund LP, a private investment fund. Bilbel Capital LLC relies on the "foreign private adviser" exemption under Section 202(a)(30) of the U.S. Investment Advisers Act. This website is for informational and educational purposes only and does not constitute investment advice. Any offering of interests in Bilbel Capital Fund LP will be made only through the Fund's confidential offering documents and only to eligible investors. You should consult your own financial, legal, and tax advisors before making any investment decision. Past performance does not guarantee future results. Investing involves risk, including the possible loss of principal.

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