Equitybee 22-94711, a Series of Equitybee cFund Master LLC

The two-GP structure with Henderson and Barzilai, combined with absence of prior EDGAR filings from this manager, signals either a new PE platform launch or a first-time SEC registration by an established operator moving upmarket into larger commitments that trigger reporting requirements.

An amendment filed in May 2026 against a $1M target in a PE context likely reflects either a mid-cycle adjustment to terms, investor composition, or fee structure rather than a market-timing play, suggesting internal LP restructuring or GP GP-led continuation rather than a response to current deployment conditions.

Before committing, verify whether the 06c exemption was granted with any conditions tied to GP net worth, whether key-man insurance or removal triggers attach to either named GP, and confirm whether this $1M target represents the final capital commitment or a tranche within a larger committed pool across the cFund Master umbrella.