CDS-LT LLC

The absence of prior EDGAR filings under Psak's name means this is his first documented fund raise, signaling either a first-time manager launching independently, a GP transitioning from a larger firm without prior regulatory filings, or a manager whose prior activity operated below the $25M threshold—each carries different operational and governance implications for LP due diligence.

Filing in May 2026 during a period of elevated dry powder in mid-market PE and cautious LP deployment timing suggests Psak is either capturing a specific LP mandate window (e.g., an endowment or family office rebalancing cycle) or moving quickly ahead of anticipated rate or regulatory changes that could shift fund formation economics.

Before committing, verify whether Psak has disclosed key-man language tied to his own availability, confirm whether the $1M target is a genuine closing size or a placeholder that will be amended upward, and cross-check whether he maintains any LP relationships or portfolio company ties from prior employment that would clarify his deal sourcing.