March Capital Opportunity Fund IV, LP

The absence of prior EDGAR filings from this manager indicates either a newly-formalized fund structure, operations conducted outside SEC-reportable vehicles until now, or a manager previously operating below the $150M AUM threshold; the shift to Reg D 506(b) (no public solicitation) positioning for Vintage IV means this team is building a closed, relationship-dependent fundraising model rather than pursuing broad LP access.

A June 2026 amendment filing for a $79M target in an opportunistic vehicle aligns with a mid-year LP capital deployment cycle and post-Q1 market clarity on valuations and exit activity; this timing suggests the manager is moving to deploy before a potential Q3-Q4 capital crunch or is responding to specific deal flow momentum in their sector.

Verify whether this fund has key-man provisions tied to either Bora or Yola Ozturk and whether the fund's LPA contains hard removal thresholds; confirm also whether prior vintages (I, II, III) are still active and managing capital, as a parallel fourth fund can create conflict-of-interest issues if the same GPs are stretched across multiple drawdown periods.