SEC Filing Record

Offering Amount

$0.9M

Strategy

PE

Exemption

06b

Date Filed

May 26, 2026

0001950855-26-000002

View on SEC EDGAR →

37A Read

The single-GP structure with no feeder, blocker, or parallel vehicles signals a straightforward fund vehicle operating under the 06b exemption, meaning Layman is raising exclusively from pre-existing relationships rather than conducting market-wide fundraising—a common approach for emerging managers or those building their first institutional fund.

Layman has no prior EDGAR filings, indicating this is either his inaugural institutional fund or his first time crossing the $1M threshold requiring SEC registration; this filing establishes his baseline: a solo operator launching a private equity fund without an established multi-vintage track record to reference.

A May 2026 filing for a $1M target suggests positioning ahead of mid-year LP allocation cycles and capital committee decisions, though the modest size indicates this may be a proof-of-concept vehicle designed to demonstrate execution before scaling in a follow-on fund rather than a full-scale institutional raise.

Before engaging, verify whether a key-person clause naming Layman exists in the LPA, confirm the identity and LP base of those pre-existing relationships (family office, strategic LPs, or institutional anchors), and establish a timeline for when this manager expects to close—a $1M target from a new, unvetted manager can stall if relationships are tepid.

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Principals

General Partners & Executives

Michael Layman

1776 Fund, LLC