SEC Filing Record

Offering Amount

$350.0M

$190.0M raised

Strategy

VC

Exemption

06b

Date Filed

Jun 12, 2026

0002090943-26-000001

View on SEC EDGAR →

37A Read

This is the fifth vintage in an established series, filed as an amendment mid-raise at 54% of target, indicating the GP is conducting a rolling close process typical of institutional VC funds rather than a single hard stop—a structure that allows early LPs to commit before final terms lock while the manager continues fundraising.

The absence of prior EDGAR filings combined with Ronny Conway as sole named GP suggests this manager operates under a 506(b) exemption relying entirely on pre-existing relationships, meaning the fund likely capitalizes on direct LP networks rather than broad marketing and may indicate a shift from a prior entity or the GP's first major institutional fund filing.

A mid-2026 close timing aligns with LP budget cycles and the fundraising window following venture market stabilization in 2025, making this a conventional moment to raise for a fifth fund rather than a contrarian or crisis-driven signal.

Verify whether Ronny Conway is subject to a key-man clause with a defined clawback threshold, and confirm whether this amendment reflects a material change to terms (fee structure, commitment period, GP carry) or simply an update to committed capital—either detail materially affects LP commitment decisions and should be reviewed in the full Form D and subscription documents.

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Principals

General Partners & Executives

Ronny Conway

A. Capital Partners V, L.P.