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SEC EDGAR · Form D
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VC  · May 13, 2026  · 06b

DCP ARM XXVI a Series of CGF2021 LLC

Offering
$1.5M
Analysis

The use of a Series structure within CGF2021 LLC indicates this is a parallel vehicle or continuation series rather than a standalone fund, allowing the manager to segregate capital by LP preference or investment timing while maintaining unified governance—a common practice when a manager runs multiple concurrent closes or accommodates different LP mandates within a single strategy.

The presence of two named GPs—an LLC entity (Sydecar) and an individual (Brett Sagan)—suggests a partnership where Sydecar may serve as an operational or administrative co-GP while Sagan carries day-to-day decision authority, a structure typical of emerging or consolidating VC shops that want clear personal accountability alongside entity-level separation.

A $2M target filed in May 2026 signals either a micro-continuation vehicle to capture late commitments from an earlier vintage, a test raise for a new LP cohort ahead of a larger fund, or a specialized sleeve within a broader strategy—timing here does not suggest a response to a major market inflection but rather opportunistic capital gathering.

Before engaging, verify whether this Series has a defined key-person requirement tied to Sagan and whether Sydecar has independent management authority or veto rights; also confirm whether this $2M filing is a final close or a placeholder expected to re-open, since no prior EDGAR history makes it difficult to assess the manager's completion discipline or typical fund lifecycle.

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LLC Sydecar · Brett Sagan
SEC EDGAR →
0002130418-26-000001