Club by OTC Gleezy 2026 a Series of CGF2021 LLC

No prior EDGAR filings from this manager indicate either a debut venture fund or a newly formalized entity after operating outside SEC reporting requirements; the 06b exemption choice—relying exclusively on pre-existing relationships—confirms this is not a broad LP recruitment but rather a closed continuation or carve-out of existing capital partnerships.

A mid-2026 filing in venture capital typically reflects LP rebalancing cycles post-2024/2025 fundraising rounds and positions the fund to deploy capital into a normalized market; the timing also aligns with GPs using placeholder filings to lock in exemption claims before SEC guidance on VC fund registration tightens further.

Verify whether Sydecar's role as co-GP includes a key-man or removal trigger tied to Brett Sagan's involvement, and confirm whether this filing updates or supersedes an earlier private placement memo—the absence of prior EDGAR history combined with the LLC co-GP structure creates opacity around whether capital is already committed and this is administrative closure, or whether actual fundraising is ongoing.