AI-0422 Fund II, a series of Unpopular VC, LP

SEC Filing Record

Offering Amount

$0.1M

Strategy

Exemption

06b

Date Filed

Jun 01, 2026

0002132356-26-000001

View on SEC EDGAR →

37A Read

This is a Series II continuation fund with a $0M placeholder offering, indicating the manager is in active fundraising but has not yet locked a target—common for pre-existing relationship vehicles under Reg D 506(b) that build commitments before formal sizing.

The absence of any prior EDGAR filings from this manager, combined with a two-GP structure and 506(b) exemption, signals a manager operating exclusively within a closed network of existing LPs, likely recycling capital from Fund I or relying entirely on prior relationships rather than building institutional LP bases through registered vehicles.

Filing in June 2026 positions this raise during a period when downstream capital deployment from 2023-2024 vintages is maturing and LPs are cyclically revisiting follow-on commitments; a Series II fund at this point targets existing LP relationships seeking continuation rather than new capital sources.

Before committing, verify whether Fund I has achieved meaningful distributions or remains in active deployment—a Series II filing without disclosed Fund I exits or returns would flag potential recycling of undeployed capital or LP dissatisfaction that the manager is masking through the absence of public solicitation.

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Principals

Registered Manager

Fund GP, LLC

Other Filings by Fund GP, LLC

DE-0720 Fund II, a series of SaxeCap, LP

VC · 2026-06-09

$0.1M

KO-1117 Fund I, a series of Roll Up Vehicles, LP

VC · 2026-06-09

$0.8M