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VC  · May 27, 2026

SHIFT54 TSI IV a Series of CGF2021 LLC

SEC Filing Record
Offering Amount
$0.1M
Strategy
VC
Exemption
06b
Date Filed
May 27, 2026
0002133320-26-000001
View on SEC EDGAR →
37A Read

This is the fourth vintage in a successor fund series, indicating the manager has cycled capital through at least three prior funds and is now returning to LPs for another cycle; the $0M target is a filing placeholder that will be updated once the manager begins accepting capital commitments.

The dual-GP structure—an LLC entity (Sydecar) paired with an individual (Brett Sagan)—suggests operational delegation where Sydecar likely handles fund administration while Sagan retains decision-making authority; the absence of prior EDGAR filings means this manager either operates below the $25M AUM threshold historically or has kept vehicles off the public record until now.

Filing in May 2026 aligns with late-stage LP budget cycles and end-of-fiscal-year allocation windows when institutional investors finalize commitments; venture funds closing in the first half of 2026 benefit from LP appetite before mid-year portfolio reviews tighten deployment.

Before committing, verify whether Brett Sagan has key-man status and what happens to the fund if he is unable to perform; also confirm the relationship between Sydecar and the fund—whether it is a third-party administrator or GP affiliate—as this affects fee structure and governance delegation.

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

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Principals
General Partners & Executives
LLC Sydecar Brett Sagan