MVP LS FUND DCLXIII LLC

The reliance on 06b exemption (pre-existing relationships only) and no detectable prior manager filings suggest Clark and Gray are bootstrapping their first vehicle through existing LPs rather than conducting a broad market raise, which typically indicates founders transitioning from operating or corporate roles rather than spinning out from an established platform.

A May 2026 filing for a $2M target places this raise in a post-rate-cut environment where smaller, sponsor-backed funds are moving to close before Q3 LP deployment windows tighten; the modest size and timing align with a close-knit founder team validating strategy and execution before scaling.

Before committing, verify whether Clark and Gray have signed key-man waivers or have institutional co-investors already committed—the $2M target is small enough that a single departure or unfunded GP commitment could materially alter fund economics—and confirm whether this filing is placeholder-staged for a larger second close or is the final capitalization.