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

Titan Moon SPV XI 9238577838 a Series of CGF2021 LLC

Offering
$0.5M
Analysis

The Series structure under CGF2021 LLC indicates this is a continuation vehicle rather than a standalone fund, allowing the manager to deploy capital across multiple parallel tranches without separate legal entities—a common approach for emerging managers or those managing smaller allocations across multiple LPs.

The absence of prior EDGAR filings from either GPL suggests this is either a new manager entering the market or an existing operator using SPV structures to avoid public filing requirements; the dual GP arrangement with Brett Sagan and LLC Sydecar implies shared decision-making or GP-as-service-provider model rather than a traditional lead-manager structure.

Filing in May 2026 during a period of constrained venture capital deployment signals either conviction in a specific thesis or pressure to consolidate existing LP commitments before a broader market window closes; a $1M target is consistent with emerging-manager continuation raises or follow-on allocations from existing sponsors.

Before committing, verify whether this Series is the first deployment vehicle under CGF2021 or a later tranch, and confirm the identity and operational role of LLC Sydecar—whether it is a fund administrator, co-GP with independent decision rights, or a management services provider—as this materially affects fee allocation and governance.

Full analysis — GP structure, exemption breakdown, and market context — is available to Pro members.

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LLC Sydecar · Brett Sagan
SEC EDGAR →
0002131402-26-000001