SEC Filing Record

Offering Amount

$26.0M

Strategy

Other

Exemption

06b

Date Filed

Jun 08, 2026

0002099034-26-000001

View on SEC EDGAR →

37A Read

The SPV structure—a single-purpose vehicle rather than a fund—indicates this is a dedicated investment entity, likely capitalized for one or a small cluster of deals; the amendment filing suggests the manager revised terms, ticket sizes, or LP commitments mid-raise rather than closing the initial version.

No prior EDGAR filings from Michael Murphy means this is either his first institutional vehicle or his prior fundraising operated below the $25M threshold requiring SEC registration; the Rule 06b exemption tied to pre-existing relationships signals a founder or emerging manager building LP relationships through direct networks rather than broad placement agents.

Filing in mid-2026 aligns with LP budgeting cycles and end-of-H1 capital deployment windows; however, the amendment flag suggests the initial structure faced LP feedback or market resistance, requiring Murphy to modify terms to close the raise before year-end.

Verify whether the amendment changed the GP economics (carry, management fees, or co-investment requirements) or LP rights (liquidation preference, consent provisions, key-man triggers); also confirm whether Murphy has concurrent fundraising vehicles or parallel SPVs, as single-GP, pre-existing-only structures can signal either disciplined focus or constrained distribution capacity.

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Principals

General Partners & Executives

Michael Murphy

Next Generation SPV 2 LLC