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VC  · Jun 02, 2026

021T Capital Fund I, L.P.

SEC Filing Record
Offering Amount
$100.0M
$40.0M raised
Strategy
VC
Exemption
06c
Date Filed
Jun 02, 2026
0001231919-26-000591
View on SEC EDGAR →
37A Read

The amendment filing and 40% close rate signal this is either a continuation vehicle or a restart following a prior fund's maturation cycle; the single-named GP structure with no prior EDGAR history suggests Triplett is either launching a first institutional fund or operating through a previously unregistered entity, making the amendment likely a response to early LP feedback on terms, fees, or scope rather than a mid-raise pivot.

Absence of prior filings means this manager has no visible institutional venture track record on SEC records, so LPs cannot validate prior fund performance, distributed capital, or relationship patterns across a portfolio—the 06c exemption and three-GP structure indicate a lean operational model designed to scale without the compliance overhead of a larger multi-partner platform.

A June 2026 amendment to a sub-$100M venture raise occurs in a post-rate-cut environment where institutional LPs have begun rotating back into growth-stage deployers after 2023–2025 capital preservation, making this timing rational for an emerging manager attempting to close a foundational fund before year-end allocation cycles.

Verify whether the prior filings exemption claim is accurate by searching state regulators and alternative databases, as EDGAR absence does not confirm no prior fund activity—also request clarification on the three GPs' roles and whether there is a single key-man clause tied to Triplett, since an early-stage manager's ability to retain and replace investment talent directly affects LP risk.

Full analysis (GP structure, exemption breakdown, and market context) is available to Pro members.

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Principals
Registered Manager
021T CAPITAL GP, LLC
General Partners & Executives
DEVON TRIPLETT
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