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VC  · May 21, 2026

Borderless Venture Fund (non-US) LP

SEC Filing Record
Offering Amount
$150.0M
Strategy
VC
Exemption
06c
Date Filed
May 21, 2026
0002068443-26-000001
View on SEC EDGAR →
37A Read

The 06c exemption and three named GPs out of five total signal a distributed decision-making structure typical of emerging-market or cross-border syndicates, where co-GP arrangements allow regional partners to maintain local regulatory standing while pooling capital; the amendment filing suggests either a terms revision, LP consent modification, or extension of the initial filing window rather than a fresh raise.

With no prior EDGAR filings from this manager, this fund represents either a first institutional raise for the team or a deliberate choice to operate outside US regulatory visibility until now, which commonly occurs when GPs are anchored in non-US LPs or have built their early portfolio through direct relationships rather than formal fund vehicles.

A May 2026 amendment filing aligns with LP fiscal-year-end capital allocation cycles in Q2 and the post-correction environment where allocators are re-entering venture after late-2024 dry powder accumulation, making this timing consistent with managers deploying raised commitments or extending closes.

Before committing, verify whether the three named GPs represent all decision-makers or if the two unnamed principals carry material carry, decision rights, or key-man protections—this distinction directly affects governance clarity and continuity risk in a cross-border fund where GP identity enforcement is harder to enforce than in US vehicles.

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

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Principals
Registered Manager
Borderless Capital Venture LLC
General Partners & Executives
David Garcia Arul Murugan Patrick O'Kain
Other Filings by Borderless Capital Venture LLC
Borderless Venture Fund (US) LP
VC · 2026-05-21
$150.0M