LS Power Fund VI Feeder 1A, L.P.

The absence of prior EDGAR filings from this manager combined with a 12-person GP roster and reliance on 06b exemption (pre-existing relationships only) signals LS Power either operates primarily outside public markets infrastructure or is raising a Fund VI as its first SEC filing—the latter implying either a shift toward institutional LPs or a deliberate timing choice to file now rather than at Fund I.

A mid-2026 filing for a Fund VI vintage aligns with LP allocation cycles triggered by Fund V performance reporting (typically years 3–5 post-close) and signals LS Power is capitalizing on demonstrated track record to expand its LP base; this timing also positions the fund to deploy capital into an energy/infrastructure market navigating post-inflation rate volatility.

Before commitment, verify whether Fund VI will have dedicated key-person language around the Segal brothers (who appear to lead the GP roster) and confirm the master fund structure—specifically which vintage of the master will receive this feeder's capital and whether side letters from Fund V carry forward to Fund VI terms.