SEC Filing Record

Offering Amount

$1.9M

Strategy

VC

Exemption

06b

Date Filed

May 19, 2026

0002128968-26-000001

View on SEC EDGAR →

37A Read

The dual-GP structure with LLC Sydecar and Brett Sagan operating through a series LLC vehicle signals a partnership model where Sydecar—likely a fund administration or co-GP entity—handles operational and compliance infrastructure while Sagan functions as the deal principal; this arrangement is typical of emerging managers bootstrapping operational overhead while maintaining control over investment decisions.

No prior EDGAR filings from this manager indicate this is a first institutional fund raise, meaning Sagan is either transitioning from angel investing, operating company employment, or prior informal partnership structures into a regulated vehicle for the first time, and the 06b exemption choice reflects reliance on pre-existing LP relationships rather than broader market credibility.

A $2M target filed in May 2026 during a period of sector-wide capital compression and LP redeployment from mega-funds suggests the manager is timing entry when larger competitors are oversubscribed; however, this also coincides with heightened scrutiny of early-stage valuations, making this raise window tactically narrow.

Before committing, verify whether Brett Sagan has key-man language in the LPA (critical given sole deal-principal exposure) and confirm Sydecar's role—specifically whether it has independent redemption or dissolution rights or is simply an administrative service provider—as this affects governance clarity and the fund's operational continuity if either party exits.

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Principals

General Partners & Executives

LLC Sydecar Brett Sagan

Yummy a Series of CGF2021 LLC