VC · May 13, 2026 · 06b

Slate Apr 2026 a Series of CGF2021 LLC

Offering

$1.6M

Analysis

The fund is structured as a series within CGF2021 LLC with two named GPs—LLC Sydecar and Brett Sagan—indicating a co-GP arrangement where Sydecar likely provides operational or administrative infrastructure while Sagan takes a substantive investment role; no parallel or feeder signals appear, suggesting this is a direct venture vehicle rather than a continuation of a prior fund.

The absence of any prior EDGAR filings from this manager means this is either a first-time venture fund raise or a manager operating below the filing threshold until now; the 06b exemption (pre-existing relationships only) paired with a $2M target signals a emerging or founder-led manager bootstrapping early capital from a tight network rather than building institutional LP relationships.

A May 2026 filing for a $2M venture fund arrives during a period of sustained LP interest in emerging managers and emerging-market or micro-cap tech strategies; the tight exemption and small size suggest the manager is testing market reception before potentially expanding the vehicle or filing a larger follow-on fund.

Before committing, verify whether Brett Sagan or Sydecar have venture investment experience disclosed outside EDGAR (prior exits, board seats, angel activity), and confirm whether the $2M target is a hard cap or a placeholder that may grow—early-stage manager vehicles sometimes file at smaller sizes and expand if demand permits, which would alter per-share economics and GP economics materially.

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LLC Sydecar · Brett Sagan

SEC EDGAR →

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