VELOCITY CATALYST FUND I, LP

With no prior EDGAR filings from this manager, this is a debut vehicle with no established track record or prior vintage to reference; the use of 06c exemption (often selected by emerging or international managers seeking capital without registered fund status) combined with the two-GP formation implies this is either a newly formed team launching their first institutional vehicle or a manager new to SEC filing requirements.

Filing in May 2026 during a period of LP reallocation toward emerging manager programs and first-time funds suggests this vehicle is targeting the annual LP commitment cycle when allocators refresh mandates; the amendment status indicates the manager may have refined terms, LP composition, or fee structures after an initial filing, a common timing for debut funds encountering feedback on market terms.

Verify whether Desiree Vargas Wrigley has any operational control restrictions, non-compete constraints, or prior fund affiliations that are not captured in the SEC filing; also confirm whether the $0M closed amount reflects a true pre-launch state or if commitments exist but are not yet reflected in EDGAR, as this affects actual fundraising momentum and timeline credibility.