SEC Filing Record

Offering Amount

$0.3M

Strategy

VC

Exemption

06b

Date Filed

May 28, 2026

0001231919-26-000538

View on SEC EDGAR →

37A Read

The $0M target is a placeholder filing, indicating this is either a continuation vehicle for an existing co-investment program or a Series 12 iteration within an established feeder structure; the presence of three named GPs—including IDEA Fund Partners as the likely lead manager and two individual co-sponsors—signals a multi-GP arrangement typical of continuation funds where follow-on deployment rights are preserved across vintages without re-raising from scratch.

IDEA Fund Partners operates a series structure for co-investment vehicles rather than discrete vintage funds, with this Series 12 filing indicating they have built an operational model around repeated co-investment pools; the absence of prior EDGAR filings for this manager suggests either a sub-$100M AUM threshold historically or a pattern of using exemptions that bypass public reporting, making this filing one of the first visible signals of institutional scale or LP-driven transparency pressure.

Filing in May 2026 aligns with typical Q2 capital deployment cycles and follows a period of venture repricing; a co-investment vehicle filing at this moment likely reflects LPs signaling readiness to deploy dry powder on secondary follow-ons and late-stage rounds in robotics/automation, a sector that has seen renewed institutional attention as AI infrastructure matured.

Verify whether Series 12 is a true continuation with pre-existing LP commitments or a new raise under the 06b exemption; confirm the GP commitment amounts and whether key-man language ties deployment authority to named individuals (Delgado in particular), as this controls whether the fund can operate if any GP exits before deployment completes.

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Principals

General Partners & Executives

n/a IFP Co-Investment Fund GP, LLC Lister Delgado n/a IDEA Fund Partners, LLC

IFP Co-investment Fund, LP Series 12 - Lucid Bots