SEC Filing Record

Offering Amount

$22.0M

Strategy

PE

Exemption

06b

Date Filed

Jun 05, 2026

0000905148-26-002817

View on SEC EDGAR →

37A Read

The feeder structure pools capital into a master fund, allowing the GP to consolidate LP commitments and potentially manage different fee or liquidity terms across investor classes without duplicating portfolio management; this is standard practice for managers raising from both institutional and individual LPs or across geographies with different regulatory requirements.

The absence of prior EDGAR filings from BVG RCX indicates this is either a first-time manager, a newly formed entity by an established operator, or a manager previously operating below the SEC filing threshold; the single named individual (Stephen Lebowitz) paired with a generic LLC as co-GP signals a typical founder-led structure with a legal entity as the formal managing partner.

A June 2026 filing in a private equity context reflects timing aligned with mid-year LP allocation cycles and portfolio review periods, when LPs commit dry powder and GPs begin formal documentation for vehicles closing in Q3–Q4 of that year.

Verify whether Stephen Lebowitz has a key-man clause tied to his involvement and confirm the master fund's identity and terms, since feeder structures can obscure performance transparency and fee mechanics; also confirm whether this is a placeholder filing (common for 06b exemptions) that will be updated as commitments close, or a final version.

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Principals

General Partners & Executives

n/a BVG RCX General Partner, LLC Stephen Lebowitz

BVG RCX Feeder, LP