SEC Filing Record

Offering Amount

$39.9M

Strategy

Other

Exemption

06b

Date Filed

May 19, 2026

0001992873-26-000003

View on SEC EDGAR →

37A Read

The feeder structure pools capital into a master fund (Shavano Fund), a common arrangement used to segregate LP classes, accommodate different fee schedules, or create tax-efficient vehicles for foreign and domestic investors—this amendment filing suggests the GPs are optimizing the vehicle after initial setup rather than launching a new strategy from scratch.

With no prior EDGAR filings and five named GPs, this manager is either new to SEC reporting or operating below the registration threshold until now; the 06b exemption (no public solicitation) combined with the feeder setup indicates a relationship-based fundraise targeting existing networks rather than a broad LP base, which is typical of emerging or GP-led continuation vehicles.

Filing an amendment in May 2026 during a period of LP dry powder redeployment and LP appetite for structured vehicles suggests the GPs are either closing their initial close and formalizing terms, or adjusting terms post-formation to address LP feedback on fee structure or commitment size.

Before committing, verify whether there is a key-man provision tying capital deployment or fund life to specific GPs (Brown, Knauss, Laughon, Herendeen, or Janeway), and confirm the terms of the underlying Shavano Fund master to ensure fee drag, governance rights, and capital call mechanics are transparent across both the feeder and master layers.

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Principals

General Partners & Executives

Jason Brown Eric Knauss Ryan Laughon Molly Herendeen Anya Janeway

Proteus Series Feeder Fund I, LLC - Shavano Fund