VC · May 15, 2026 · 06c

Waterman Ventures Fund 7, LLC

Offering

$0.0M

Analysis

The $0M target is a placeholder filing under Section 6(c) exemption, indicating this is either a continuation vehicle for an existing strategy or a preliminary registration ahead of a formal commitment round; the absence of any prior EDGAR filings from Michael Collins means this entity represents his first registered fund vehicle, so the actual target will materialize in an amendment.

Collins is launching his debut registered fund as a sole GP, which signals either a first-time manager spinning out from an institutional platform or an operator who previously managed capital outside SEC filing requirements; the 6(c) exemption choice (typically for funds targeting institutional LPs with higher minimums) suggests he is not building a broad retail LP base.

A mid-May 2026 filing in a venture market characterized by selective deployment and LP reallocation toward operational value creation over pure growth makes sense for a debut fund seeking to capitalize on LP appetite for emerging GPs with differentiated theses rather than mega-fund capacity plays.

Before engagement, confirm whether Collins has key-man language tied to his continued involvement and request the amendment filing once the target is disclosed, as the placeholder status means the true fund scope, fee structure, and GP commitment remain unknown; also verify his operational background and any co-investment or parallel vehicles he may be running concurrently.

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Michael Collins

SEC EDGAR →

0002117372-26-000001