Martis Partners IV Deerfield Co-Invest, LP

The absence of prior Martis Partners filings on EDGAR combined with a three-GP structure and 06b exemption (pre-existing relationships only) indicates this manager operates as a tightly held, relationship-driven PE shop that has likely been raising and deploying without federal registration; the 'IV' vintage designation confirms an established internal track record across at least three prior funds, but LP allocators cannot cross-reference those funds' performance or terms on public record.

A mid-2026 filing for a co-invest vehicle aligns with LP dry powder deployment cycles and the typical 18–24 month lag between a primary fund closing and secondary co-investment opportunities, suggesting Martis III has moved into deployment phase and the GPs are now opening a parallel lane for investors seeking follow-on exposure without committing fresh capital to the flagship.

Verify whether the three named GPs carry equal economic interest or whether one is designated as sole key-man—the absence of prior EDGAR history means standard fund documents are not publicly available, making it critical to confirm management continuity terms, fees on the co-invest tranche, and any preferential allocation rights that may differ from the primary fund's economics.