SEC Filing Record

Offering Amount

$721.3M

Strategy

PE

Exemption

06b

Date Filed

May 19, 2026

0001927945-26-000001

View on SEC EDGAR →

37A Read

This is the fifth vintage in an established series, filed as an amendment rather than an initial offering, indicating the manager is recalibrating terms, LP composition, or closing mechanics after initial marketing—a common pattern when flagship series encounter headwinds or require mid-cycle adjustments to placement strategy.

The nine-person GP roster and reliance on 06b exemption (pre-existing relationships only) reveal a manager that has built a distributed fundraising model without public market access, suggesting either a younger firm with institutional LP relationships but no prior SEC visibility, or an established operator deliberately avoiding public solicitation to maintain exclusivity and control over capitalization.

A May 2026 filing in a mid-market PE context lands during typical H2 deployment windows, but the amendment status implies this raise faced timing friction—either delayed LP commitments, competitive repricing, or strategy refinement that pushed the hard close further into year-end fundraising season.

Verify whether any of the five named GPs (Schwartz, Stadelmaier, Moore, Sigman, Garcia) carry key-man clauses tied to vintage IV or earlier funds, and confirm whether this V closing requires unanimous consent from all nine GPs or operates under a simpler majority structure, as distributed GP models often create friction in follow-on decisions.

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Principals

General Partners & Executives

Adam Schwartz Frank Stadelmaier Christopher Moore Brian Sigman Jean-Baptiste Garcia

AG DLI V, L.P.