EquityZen Growth Opportunity Fund XI LLC - Series 2

The absence of prior EDGAR filings from this manager means this is either a first fund filing or represents a manager operating historically outside the SEC filing regime; combined with the 06b exemption (pre-existing relationships only), this signals EquityZen is building a closed LP network rather than conducting broad-based capital raises, which constrains the addressable market to existing investors and referrals.

A mid-2026 filing for a $6M growth equity vehicle arrives during elevated private market dry powder and LP rebalancing cycles following 2024–2025 capital deployment slowdowns; the modest ticket size suggests this is either a continuation vehicle for a subset of existing LPs or a test fund for a newly independent GP entering the SEC filing system.

Before committing, verify whether Phil Haslett holds key-man status and what governance provisions exist around removal or transition, since his individual naming alongside the LLC signals his role may carry weight disproportionate to the fund's stage; additionally, confirm whether this amendment reflects a material change to terms (fee structure, GP commit, strategy scope) from an earlier draft.