SEC Filing Record

Offering Amount

$1.5M

Strategy

Other

Exemption

06b

Date Filed

May 27, 2026

0002023866-26-000033

View on SEC EDGAR →

37A Read

The $1M target and two-GP structure with no prior EDGAR filings indicate either a first fund from this partnership or a seed/continuation vehicle too small for prior registration; the 06b exemption confirms this is built on direct relationships rather than broad LP outreach, which limits scale but reduces marketing friction for an emerging manager.

Adam Crawley and Noel Moldvai are operating without a documented track record on EDGAR, meaning LPs cannot cross-reference prior fund performance, fee history, or portfolio construction patterns; this first-time filing status requires investors to conduct direct reference calls and verify operational infrastructure outside SEC records.

A May 2026 filing in a mid-year market environment suggests the managers may be capitalizing on LP deployment windows or rebalancing cycles, or conversely testing market appetite before launching a larger institutional vehicle—the $1M size makes this consistent with a proof-of-concept or friends-and-family close rather than a full institutional raise.

Verify whether this $1M filing is a placeholder that will be amended upward once anchor LPs commit, and confirm the key-man provisions and GP commitment levels, since a sub-$2M fund with two untested GPs and no disclosed co-investment skin can signal either a learning vehicle or insufficient capital discipline.

Full analysis (GP structure, exemption breakdown, and market context) is available to Pro members.

Unlock Pro · $29/month → Sign in

Principals

General Partners & Executives

Adam Crawley Noel Moldvai

Augment Collective, LLC