NRG Small Balance LP

Anthony Clarke operates as a sole decision-maker with one co-GP, a structure common in emerging managers or those managing concentrated, relationship-driven capital; the 06b exemption confirms this fund is being marketed exclusively to known investors, suggesting Clarke is bootstrapping through existing networks rather than building institutional distribution.

A mid-2026 amendment on an $18M small-balance fund aligns with LP dry powder deployment cycles in the second half of the year and reflects the continued appetite for sub-$25M vehicles that remain underserved by larger platforms, particularly if focused on specific geographies or lower-middle-market niches.

Verify whether Clarke or the co-GP has prior fund management experience outside EDGAR filings—including any 506 offerings, fund-of-funds roles, or operating company backgrounds—since the absence of prior SEC filings does not confirm whether this is a first-time manager or an experienced operator using a new entity structure.