Sazze Fund III-A, LP

The absence of any prior EDGAR history combined with three named GPs (a formal entity plus two individuals) signals either a newly-registered manager or one operating below the $150M AUM threshold until now; the $5M target and 06b exemption indicate a concentrated LP base built on existing relationships rather than broad institutional outreach, typical of emerging managers or those deliberately staying small.

A June 2026 amendment filing on a $5M venture fund aligns with mid-year portfolio check-ins and year-end allocation planning cycles; filing at this point rather than earlier in the calendar suggests either a delayed response to Q1–Q2 portfolio performance data or a strategic pause-and-reset after initial soft-market reception.

Verify whether this amendment represents a material change to terms (management fee, GP carry, key-man triggers, or LP consent thresholds) versus a procedural update, and confirm the identity and operating history of Kiha Lee and Kwangrog Kim—the lack of EDGAR precedent means these individuals' prior fund roles and any potential overlap with competing raises in the same vintage-year cannot be cross-checked through SEC filings alone.