Emerald Sustainable Packaging Innovation Fund, a sub-fund of Emerald Innovation Fund ILP

The absence of prior EDGAR filings from this manager indicates either a newly-formed GP team or one that has operated entirely outside US fundraising until now; the dual-named GP structure (Domanig and Bucher) without a full leadership team listed publicly suggests this is either a boutique operation or a carve-out, and the 06b exemption restricts them to pre-existing relationships, meaning they are not building a broad LP base.

A mid-2026 filing for a $10M sustainable packaging vehicle enters a moment when supply-chain ESG mandates are shifting from voluntary commitments to regulatory requirements (EU single-use plastics directives, extended producer responsibility laws), making LP appetite for packaging innovation startups higher than it was 18 months ago.

Before committing, verify whether Gina Domanig or Phillip Bucher has a controlling-interest carve-out or priority economics as founders, and confirm the relationship between this sub-fund and the parent Emerald Innovation Fund ILP—specifically, whether capital raised here competes with or feeds into a master fund with other sleeves and what fee or GP carry is allocated between the levels.