Honeycomb Asset Management LP

Honeycomb Asset Management LP founded and managed by David Fiszel. Firm located at 645 Madison Avenue, 16th Floor, New York, NY 10022. Epstein was a 'day one' investor per Fiszel's email of Feb 5, 2016: 'I appreciate being included and look forward to launching Honeycomb with your day one partnership.' Fund inception date June 1, 2016. Email domain: honeycombam.com ([email protected], [email protected]). Morgan Stanley Fund Services is the fund administrator.

STC wired $20,000,000.00 to Honeycomb Partners on 05/31/2016 from Southern Trust Company Inc MMDA account *9244 (balance $80,875,213.15). This is the single largest documented wire to Honeycomb from the Epstein accounts visible in DS10 bank statements. Honeycomb Partners LP also appears in June 2018 Northern Trust bank statements showing a $5,000,000 outgoing money transfer on 06-28 and $3,424.16 interest payment on 05-30, with ending balance of $2,080,509.86 as of June 30, 2018 (account C 15185220010).

STC wired 20M to Honeycomb Partners LP on May 31 2016 from MMDA account 9244 (balance 80.8M). Additional Honeycomb Partners LP transactions in Deutsche Bank statements: 5M outgoing to Northern Trust June 28 2018. Honeycomb Ventures LP received 1.75M incoming May 24 2018 from 645 Madison Ave FL 16 NY. Epstein indicated 5-10M for Honeycomb Ventures IV LP (Tencent Music co-invest June 2018). Spotify basis through Honeycomb was 77.50 vs 132 IPO reference price (70 percent gain). July 2017 YTD performance 22.3 pct gross 17.9 pct net.

STC wired 20M to Honeycomb Partners LP on 05/31/2016 - from MMDA account 9244 with 80.875M balance

Southern Trust Company Inc wired 20,000,000 from MMDA savings account 9244 (balance 80,875,213.15) to Honeycomb Partners LP on 05/31/2016. Wire to JPMorgan Chase Bank NA, 270 Park Avenue NYC, ABA via Northern Trust. This is the first documented Epstein investment in Honeycomb, just weeks after the fund launched. Reference wire marked Southern Trust Company.

STC wired 20M to Honeycomb Partners LP on 05/31/2016 from MMDA account 9244 (balance 80.875M). Wire to Harbourside Financial Centre Plaza 10 Jersey City NJ (Pershing LLC custodian). Reference: Southern Trust Company Inc. Separately, Honeycomb Ventures I LP received 1M for Spotify co-investment on 07/10/2017 via JPMorgan Chase (270 Park Ave). Account: Honeycomb Ventures I LP. By 06/2018, Honeycomb Partners LP account (C 15185220010) showed 5M outgoing to Northern Trust Intl Skg Corp and ending balance approx 2.08M.

The 20M wire was the initial anchor investment in Honeycomb Partners LP from Epstein via STC. Epstein negotiated a most favored nations side letter (EFTA02461321, 05/31/2016). The Spotify co-invest via Ventures I was at 77.50 basis, vs reference price 132 at IPO (EFTA02482577). Fiszel noted SpaceX (Feb 2017, 2M buying at 18B valuation) and Tencent Music Entertainment (Ventures IV, June 2018, 50M access, strong demand) as additional co-invest opportunities.

Honeycomb Asset Management LP fund structure identified - David Fiszel founder, 645 Madison Ave NYC, master-feeder with Ventures I-VI co-invest SPVs

Founded June 2016 by David Fiszel (ex-SAC/Point72). COO Vick Sandhu. Head of IR Dominique Ahumada. Master fund feeds from Honeycomb Partners LP onshore, Intermediate Fund LP, Offshore Fund Ltd. Class A 2/20 and Class B1 1.5/15 fees. Morgan Stanley admin. SEC CRD 283312. AUM peaked 1.5B. Portfolio includes Spotify pre-IPO, Tencent Music, SpaceX, Palantir, Peloton, Klarna.

Honeycomb Asset Management LP is a Delaware LP (entity 5837326) founded by David Fiszel, at 645 Madison Ave 17th Fl NYC. SEC CIK 0001675688, CRD 283312, EIN 475265100. Fund structure: Master Fund LP (Cayman LEI 549300Z77YEMZAPTE011), Partners LP (US feeder), Intermediate Fund LP, Offshore Fund Ltd (CIK 0001676709, Cayman). Co-investment vehicles: Ventures I-IV LP. Inception June 2016. Fees: Class A 2/20, Class B1 1.5/15. Admin: Morgan Stanley Fund Services. Custodian: JPMorgan Chase. Agent: Cogency Global (Dover DE).

Quarterly 13F-HR filings since Q4 2016 (39 total). LEI for management entity: 549300QRRNKNRRAWTI61. Honeycomb Ventures IV (Cayman) LP separately has LEI 549300DXTDR63ZTWD895, registered at Maples Corporate Services, Ugland House, George Town, Cayman Islands, reg 1498350. Q3 2025 13F shows only 1 holding worth 38.16M. Phone: 646-883-1105. CFO/CCO: Chi Keung Chan.

SYNTHESIS: Honeycomb Asset Management LP (David Fiszel, ex-SAC/Point72) received $60-70M total from Epstein via STC (2016-2019), far exceeding Dechert Exhibit B $34M estimate. Eva Dubin introduced Fiszel Dec 2015. Fund inception Jun 1 2016 with $20M STC anchor. Epstein got MFN side letter + exclusive pre-IPO tech deal access (Spotify +70%, SpaceX, TME, Peloton, Palantir). Kahn referred to Epstein as 'boss'. Fiszel visited townhouse Apr 6 2019 (3mo pre-arrest). Dec 2017 Kahn asked about intros to 'Rothschild, Leon, Nicole' for Fiszel — confirming quid pro quo: capital for network access. Honeycomb lawyer denied any relationship despite 20+ primary source documents. Fund dissolved Aug 2025.

Honeycomb co-investment vehicles (Ventures I-IV) invested in major pre-IPO tech companies via Epstein capital: (1) Spotify - Honeycomb Ventures I LP, July 2017. Fiszel pitched at $13B valuation ('Netflix 5 years ago'), offered Epstein $1.5M allocation. Epstein confirmed $1M. Basis $77.50/share; Spotify opened at $132 on NYSE in April 2018 (+70% return). (2) SpaceX - Feb 2017, $18B valuation, Fiszel offered Epstein up to $6M co-invest at $118/share alongside Elon Musk's $100M personal purchase. (3) Tencent Music Entertainment - Honeycomb Ventures IV LP, June 2018, $50M total allocation, high demand. (4) Palantir - discussed Oct 2018 at ~$14B valuation. Fiszel noted Palantir was only private co at Trump tech summit (Dec 2016).

Honeycomb Partners LP July 2017 performance: Class A gross return 6.1% monthly / 22.3% YTD; net 5.0% / 17.9%. Class B1 gross 6.2% / 22.7%; net 5.3% / 19.3%. For 2018, Fiszel's fund was up 5.2% for the year when average hedge fund long-short was down 10%. K-1 tax treatment: Honeycomb made a Section 475 election so all income treated as ordinary (estimated $4M on $20M investment at 20% return). Fiszel told Kahn about Epstein (referred to as 'boss'): 'we had a family office for $25m flake on us for Sept 1 so we have capacity for him.' Kahn told Fiszel: 'just spoke with boss and he was very happy for you.'

Honeycomb Ventures I LP was a Spotify co-investment vehicle (July 2017). Honeycomb Ventures IV LP was a Tencent Music Entertainment co-investment vehicle (June 2018, 50M capacity first-come-first-serve). SpaceX co-invest offered Feb 2017 at 118/share 18B valuation. Tommy took part of Epstein Spotify allocation reducing to 1M. Fiszel offered additional Spotify allocation Aug 2017 at cost with no Honeycomb fee, projected plus 40 pct IRR.

Honeycomb Partners LP returned 22.3% gross / 17.9% net (Class A) and 22.7% gross / 19.3% net (Class B1) YTD through July 2017, with 6.1-6.2% gross for July alone. For full year 2018, fund was up 5.2% vs average hedge fund long-short down 10%. Performance reports sent via Morgan Stanley Fund Services to [email protected]. Kahn told Epstein a family office flaked on a 25M Sept 1 commitment creating capacity.

The 2017 performance was exceptional (top decile for long/short equity). 2018 was positive but Fiszel was unhappy, telling Kahn: I am not happy with my performance, Im going to big changes and get this performance back to where its supposed to be. The fund ran a tech-heavy long/short equity strategy with significant pre-IPO private market co-investments.

Wire transfer mechanics: Honeycomb Ventures I LP (Spotify co-invest) banking at JPMorgan Chase Bank NA, 270 Park Avenue, New York, NY 10017. Wire reference: 'Southern Trust' -- confirming Epstein invested through STC. Wire sent July 10, 2017. Incoming money transfer to STC from Honeycomb Ventures LP documented May 24, 2018 for $1,752,515.84 (address: 645 Madison Ave FL 16 New York) -- likely a Spotify return/distribution. Fiszel also offered Epstein additional Spotify allocation at cost (no fee to Honeycomb) in Aug 2017 at +40% IRR, demonstrating preferential LP treatment.

Full Honeycomb Ventures co-invest series mapped via SEC Form D: I (8.05M/10 inv), III (22.25M/6 inv), IV (72.1M/40 inv) - all Honeycomb Advisors LLC GP

SEC Form D filings reveal the full Honeycomb co-investment vehicle series: Ventures I LP (CIK 1717501, filed 2017-09-22, 8,050,000 sold, 10 investors - Spotify); Ventures III LP (CIK 1735142, filed 2018-03-28, 22,250,000 sold, 6 investors); Ventures IV LP (CIK 1773589, filed 2019-04-16 amended, 72,100,000 sold, 40 investors - Tencent Music); Ventures V LP (NY reg 5947731, inc 2021-02-24, 17th floor); Ventures VI LP (CIK 1855953, filed 2021-04-14, 17th floor). All use identical structure: Honeycomb Advisors LLC as GP, David J. Fiszel as Managing Member, Honeycomb Asset Management LP as Investment Manager, Vick Sandhu signing. All Delaware LPs registered in NY as Foreign LPs. Total confirmed capital raised across I, III, IV alone: 102.4M from 56+ investors.

Deutsche Bank statements show Honeycomb Partners LP account 15185220010 at Northern Trust with 5M outgoing wire Jun 2018 and Honeycomb Ventures LP returned 1.75M to Epstein May 2018

EFTA01287701 (DB statement Jun 2018) shows Honeycomb Partners LP account C 15185220010 with 5,000,000 outgoing money trust on 06-28 to Northern Trust Intl Bkg Corp. Same account shows Internt Payment 3,424.16 on 05-30. Ending Balance as of June 30, 2018. Separately EFTA01287619 (DB statement May 2018) shows Incoming Money Trust of 1,752,515.84 on 05-24 from ORO-000701126687 HONEYCOMB VENTURES LP 645 MADISON AVE FL 16 NEW YORK - this was a return of capital to Epstein from a Ventures vehicle. These statements confirm active bidirectional capital flows between Epstein DB accounts and Honeycomb entities in 2018.

Key Honeycomb AM personnel identified: (1) David Fiszel - Founder/Portfolio Manager, direct email contact with Epstein; (2) Vick Sandhu - COO, General Counsel & Chief Compliance Officer; (3) Dominique Ahumada - Head of Capital Partnerships & Talent, handled investor relations and co-investment offerings; (4) Anita O'Donnell - staff, CC'd on wire/investment communications. Fiszel previously met Epstein at 9 E 71st St (Feb 4-5, 2016, met 'Peter' and 'Eva') and visited 358 El Brillo Way Palm Beach (Nov 22, 2018).

SEC Form D reveals Honeycomb Ventures IV LP raised 72.1M from 40 investors - GP is Honeycomb Advisors LLC with David J. Fiszel as Managing Member

SEC Form D filing (April 2019) for Honeycomb Ventures IV LP reveals: Total Amount Sold 72,100,000. Total Number of Investors 40. No minimum investment. Section 3(c)(7) qualified purchaser fund. GP: Honeycomb Advisors LLC (General Partner), 645 Madison Ave 16th Floor. David J. Fiszel listed as Managing Member of the General Partner. Honeycomb Asset Management LP listed as Investment Manager (Promoter). Signed by Vickramajit Sandhu (COO GC CCO). Delaware LP. Phone 646-883-1105. This single co-investment vehicle (Tencent Music) raised 72.1M - far exceeding the roughly 5-10M that Epstein indicated interest in. Combined with the flagship fund, Epstein exposure to Honeycomb was substantial.

iCapital launched Honeycomb Partners Access Fund LP (SEC CIK 0001873197, Form D filed Aug 10 2021, Delaware, NY) as a feeder fund. iCapital is a major alternative investment platform for wealth advisors, indicating Honeycomb expanded distribution beyond direct relationships. SEC EDGAR shows LendingClub Corp had 54 filings mentioning Honeycomb CIK, and JPMorgan Chase had 1 filing — confirming the JPM banking relationship documented in wire instructions.

Bloomberg reports at least 60M flowed from Epstein into Honeycomb - Honeycomb lawyers deny any personal or professional relationship

Bloomberg News (Feb 2026) reports between 2016 and March 2019 Epstein moved at least 60 million into Honeycomb Partners. Separate reporting references up to 70M total. Honeycomb lawyers say nobody at the company ever knew or had a personal or professional relationship with Epstein. However DOJ documents show David Fiszel emailed Epstein directly ([email protected]), visited the townhouse, and Epstein was referenced as boss by Kahn. The denial contradicts the documentary record of direct personal communication and in-person meetings spanning Feb 2016 to April 2019.

Zero results across: corporate registries (FL/NY/NM/PA/VI/UK), UCC filings, FARA foreign agents, NYC ACRIS property, FAA aircraft, GLEIF parent/child hierarchy, USVI registry, OpenSanctions, ProPublica 990 nonprofits, LDA lobbying (Honeycomb Asset Management specifically). The fund has no lobbying footprint, no real estate holdings in its name, no UCC liens, and no sanctions exposure. David Fiszel has zero personal FEC donation records under Honeycomb Asset Management as employer prior to 2016.

FL SunBiz re-verified Feb 15 2026 after entity-name search fix (corprindata→cordata). Generic name matches found but none connected to Epstein network (no known associates as officers, no known addresses). Original conclusion unchanged.

Fiszel-Epstein relationship timeline from corpus: (1) Feb 4-5, 2016: Fiszel visits Epstein at 9 E 71st St townhouse, meets 'Peter' and 'Eva,' Epstein responds 'peter liked you, thats rare.' (2) Oct 2016: Regular calls, Fiszel says 'You are a great partner and I hope to have 2 things a year for you that I think are special.' (3) Dec 2016-2019: Continuous email contact re Trump tech summit/Palantir, Spotify, SpaceX, TME, Palantir IPO. (4) Nov 22, 2018: Fiszel visits 358 El Brillo Way Palm Beach. (5) Mar 4-5, 2019: Epstein sends Fiszel NYT opinion piece about himself, Fiszel responds 'Very powerful Op-Ed. Thank you for sharing.' (6) Jan 3, 2019: Kahn writes to Epstein about Fiszel's 2018 performance (up 5.2% vs -10% market). Communication spans Feb 2016 to at least March 2019, just 4 months before arrest.

ZERO court cases found for Honeycomb Asset Management LP, Honeycomb Partners LP, Honeycomb Ventures LP, Honeycomb Master Fund LP, or David Fiszel as parties in any federal or state court. Searched CourtListener (search, cases, party, opinions), FARA (zero registrations), LDA lobbying (zero filings by the fund — only unrelated Honeycomb Networks Inc AL defense contractor and Honeycomb Digital Investments LLC TX crypto firm). OpenSanctions zero results for Fiszel. No mention in ingested investigation reports or FOIA documents. Zero entries in corporate registries searched (FL/NY/NM/PA/VI/UK). This absence is itself investigatively significant for a fund receiving 34M from a convicted sex offender.

Honeycomb Ventures IV LP (Tencent Music Entertainment co-invest): Epstein responded '5 - 10 m' to the fund documents email on June 27, 2018, indicating he was considering a $5-10M allocation for the TME pre-IPO investment. Demand was described as strong with $50M total access. This confirms Epstein was actively allocating multi-million dollar sums to Honeycomb co-investment vehicles as late as mid-2018 -- just 13 months before arrest. The TME co-invest structure (Ventures IV LP) matches the Dechert Exhibit B pattern of dedicated SPV vehicles for each deal.

Comprehensive search across all local databases found zero Honeycomb references in: unified emails (0), unified entities (0), unified triples actor/target (0), LMSBAND cooccurrence (0), investigations DB (0), DS10 parsed financials (0). The Epstein 20K House Oversight docs only contain Fiszel email signatures (HOUSE_OVERSIGHT_033580, 033207). Zero results in Barak emails, DDoSecrets EML, OpenSanctions, EpsteinExposed. LMSBAND results were limited to 3 financial docs (EFTA01376049 wire, EFTA01287701 bank statement, EFTA01287619 bank statement) plus 3 aircraft maintenance docs (honeycomb material, irrelevant). No Honeycomb corporate registration found in any state registry searched. The absence of Honeycomb in email entity extraction (851K entities) suggests the fund name was not frequently mentioned in body text -- communications went through Kahn, not direct.

Honeycomb Asset Management LP identified: founder David Fiszel, COO/GC/CCO Vick Sandhu, Head of Capital Partnerships Dominique Ahumada. Address 645 Madison Ave 16th Floor NY 10022. DE incorporated. SEC CIK 0001675688 (85 filings). Fund structure: Master Fund LP, Partners LP (onshore), Intermediate Fund LP, Offshore Fund Ltd. Administrator Morgan Stanley Fund Services. Banking JPMorgan Chase 270 Park Ave. Inception June 1 2016.

Honeycomb entities registered in multiple jurisdictions - NY SoS, Delaware LP, SEC CIKs for Ventures I through VI confirmed

OCCRP Aleph and NY SoS records confirm: Honeycomb Ventures I LP (NY reg 5023946, inc 2016-10-17, Foreign LP, SEC CIK 1717501), Honeycomb Ventures III LP (SEC CIK 1735142, DE), Honeycomb Ventures IV LP (SEC CIK 1773589, DE, addresses at both 16th and 17th floors), Honeycomb Ventures V LP (NY reg 5947731, inc 2021-02-24, 17th floor), Honeycomb Ventures VI LP (SEC CIK 1855953, 17th floor). All registered at 645 Madison Avenue NYC. Delaware is the LP jurisdiction for all entities. NY registrations are as Foreign Limited Partnerships.