AUGUREY VENTURES III - SERIES ANDURIL D

Frank Cardia is the sole named GP on file, and the absence of prior EDGAR filings for this manager indicates either a newly-formed entity, a previously unleveraged operator moving into regulated fund structures, or a manager operating without SEC visibility until this raise—the 06c exemption choice (rather than 506c) is consistent with a smaller, less-developed platform.

A mid-2026 amendment filing for a $7M target that is only 38% committed suggests the manager faced fundraising headwinds in the first close and is reopening terms or extending the commitment period, a pattern typical when LP appetite for smaller PE vehicles contracts or when vintage III timing misses an allocation cycle peak.

Verify whether the prior Augurey Ventures I and II vehicles are documented elsewhere (non-EDGAR filings, side letters, or LP documents) and confirm whether Frank Cardia's key-man clause survives into continuation vehicles—absence of prior SEC filings makes it critical to source historical fund performance and GP continuity independently before committing.