CHANGE Global Developing Markets, LP

The single named GP (Theodora Jamison) with a $26M target and no prior fund filings on record signals either a debut fund from an emerging manager or a vehicle launched through a smaller platform structure; the 06b exemption confirms the raise is confined to pre-existing relationships, meaning the manager is not building a broad LP base and may lack institutional distribution infrastructure.

A May 2026 filing in emerging-markets equity aligns with LP reallocation cycles following 2025 performance reviews and reflects sustained EM appetite despite macro volatility, though the modest $26M size suggests either a niche sub-strategy, a closed/regional investor base, or a proof-of-concept raise before a larger follow-up.

Before committing, verify whether Jamison has prior fund management experience outside EDGAR (sub-advised mandates, emerging-manager programs, or international registrations), confirm the amendment's specific changes from the original filing, and clarify whether this $26M is a single-close or rolling vehicle—the lack of prior filings makes operational and governance track record validation critical.