SEC Filing Record

Offering Amount

$11.9M

Strategy

PE

Exemption

06b

Date Filed

Jun 05, 2026

0000905148-26-002818

View on SEC EDGAR →

37A Read

The dual-GP structure names BVG RCX General Partner, LLC as the entity and Stephen Lebowitz as an individual GP, indicating a single controlling principal rather than a partnership model; this setup is common for founder-led vehicles where one person bears fiduciary responsibility while the entity houses the fund's administrative infrastructure.

The absence of prior EDGAR filings from this manager suggests this is either a first-time fund or a manager operating below the $100M AUM reporting threshold until now; the $12M target and 06b exemption (pre-existing relationships only) signal a bootstrapped launch relying on founder networks rather than a broad institutional roadshow.

A June 2026 filing occurs in a market window after mid-year LP allocation cycles and positioning for year-end deployment, making it a logical point for a debut manager to formalize a vehicle that may have already begun operating with committed capital from existing relationships.

Verify whether Stephen Lebowitz has carried forward any GP commitment or co-investment obligation from this fund, as first-time managers with minimal AUM history often face LP demands for meaningful personal capital at risk; also confirm the specific fee structure and whether the $12M target is final or represents an initial close with follow-on expansion rights.

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Principals

General Partners & Executives

n/a BVG RCX General Partner, LLC Stephen Lebowitz

BVG RCX Investor, LP