SEC Filing Record

Offering Amount

$32.7M

Strategy

Other

Exemption

06b

Date Filed

May 20, 2026

0001605676-26-000003

View on SEC EDGAR →

37A Read

The amendment filing indicates this is a restructure or expansion of an existing vehicle rather than a fresh launch, though the lack of prior EDGAR history for this manager means either this GP is newly registered, operating under a prior entity name, or has operated below the 15-investor reporting threshold until now.

The five-GP structure with no disclosed affiliations suggests a partnership model where decision-making is distributed among co-equals rather than anchored to a single principal, which typically indicates either a recent rollup of independent operators or a deliberate choice to avoid key-person risk.

A May 2026 amendment filing for a $33M target during elevated interest rates and compressed LP dry powder cycles signals either a mid-course correction to a prior raise (downward or upward target revision) or a response to specific LP redemptions that required restructuring terms.

Before commitment, verify whether the 06b exemption covers all five GPs equally and whether there are separate side letters or commitment agreements with any subset of the GP group, as multi-principal funds sometimes have hidden veto rights or unequal carry structures that affect governance.

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Principals

General Partners & Executives

Eric Knauss Jason Brown Ryan Laughon Molly Herendeen Anya Janeway

Proteus Master Fund I, LLC