MVP LS FUND DCLI LLC

The absence of prior EDGAR filings from either GP indicates this is either a first institutional fundraise or a deployment of capital outside traditional fund registration—the 06b exemption choice confirms the managers are working from an existing LP roster rather than building one from public marketing.

A May 2026 filing for a $2M target carries timing risk: if filed during a typical LP allocation cycle reset (Q2 planning), the managers may be racing a year-end deployment deadline, but such a small raise could also reflect opportunistic deal flow rather than market-driven fundraising.

Verify whether Clark and Gray have executed prior co-investments together or hold independent GP credentials; confirm whether the $2M target is a placeholder pending institutional commitments or a hard cap tied to their pre-existing relationship pool, as this shapes whether the fund is truly closed or remains open to new relationships masquerading as prior ones.