Martis IV Deerfield Co-Invest Feeder, LP

With no prior EDGAR filings and three named GPs (Uphoff, Moreno, Davis), this manager appears to operate outside the typical mega-fund institutional ecosystem and may be sourcing capital through direct relationships rather than broad LP networks; the 06b exemption confirms they are relying entirely on pre-existing investor relationships and are not conducting public solicitation.

A May 2026 filing for a vintage IV continuation fund signals either a successful prior fund closing that has generated sufficient exits or dry powder to justify a successor raise, or a manager capitalizing on LP rebalancing cycles in mid-2026 when allocation committees typically approve new commitments following Q1 performance reviews.

Before engaging, verify whether the master fund has already closed or is still fundraising in parallel, as feeder-to-master structures create timing and fee stacking risks if LP capital is committed but the master fund has not yet reached its hard cap—also confirm the key-man provisions and whether all three GPs are required to remain active or if any single departure would trigger LP consent or fund dissolution triggers.