SEC Filing Record

Offering Amount

$0.1M

Strategy

VC

Exemption

06b

Date Filed

Jun 10, 2026

0002106199-26-000001

View on SEC EDGAR →

37A Read

The fund is structured as a series within CGF2021 LLC with two named GPs—LLC Sydecar and Brett Sagan—indicating a multi-GP operating model where Sydecar likely functions as the fund administrator or co-manager while Sagan carries investment authority; the $0M target is a placeholder filing common for emerging managers establishing legal capacity before final capitalization.

This is the manager's first EDGAR appearance, meaning neither Sagan nor Sydecar has prior disclosed fund history in the SEC registry, signaling either a newly formed venture operation or an operator transitioning from non-registered structures and testing the 506(b) exemption to formalize fundraising with institutional LPs.

Filing in mid-2026 during a period of venture consolidation and compressed deployment cycles reflects a manager seeking to lock in commitments before the second half of the year when allocation windows tighten and LP decision velocity slows, particularly if targeting thesis-specific sectors facing valuation resets.

Verify whether Brett Sagan holds a key-man clause tied to fund operations and deployment, confirm Sydecar's operational capacity and prior fund administration experience, and cross-check whether this series is the sole active vehicle or part of a staggered multi-fund raise that could fragment LP commitments across vintages.

Full analysis (GP structure, exemption breakdown, and market context) is available to Pro members.

Unlock Pro · $29/month → Sign in

Principals

General Partners & Executives

LLC Sydecar Brett Sagan

Kumu E1 Dec 2025 a Series of CGF2021 LLC