BU-0304 Fund III, a series of JMWTX Investments, LP

The absence of any prior EDGAR filings from this manager despite running a Fund III suggests either a newly-formed GP entity, a rollup of prior management under a new legal structure, or a manager that has operated entirely below the SEC filing threshold until now—the two-GP arrangement and 06b exemption indicate a closed, relationship-driven operation without institutional infrastructure for broad LP sourcing.

Mid-2026 filing aligns with LP deployment cycles that began accelerating in 2025 and positions this fund to close ahead of mid-year allocation reviews; for an early-stage VC fund, this timing captures GPs seeking to deploy before Q3 slowdown and LPs managing dry powder commitments made in late 2024 or early 2025.

Verify whether either named GP has a key-man provision tied to them specifically and confirm the fund's fee structure and J-curve management—the lack of visible track record on EDGAR means LPs should request detailed performance documentation from Fund I and II, including write-downs and realizations, to validate the series' actual outcome before committing.