Cocoa KWH I FRB, a series of Cocoa Ventures, LP

Carmen Rico's sole named GP status combined with zero prior EDGAR filings from this manager signals either a first institutional fund or a newly formalized entity; the two-GP structure (one named) suggests either a co-GP relationship not yet detailed in amendments or delegation of operational functions to a managing partner not listed on the cover page.

A $1M target filing in May 2026 in venture capital is undersized relative to institutional fund minimums and implies either a proof-of-concept raise from a restricted LP base, a second closing window for an earlier vintage, or a specialized ticket size (geographic focus, sector niche, or emerging manager program).

Before committing, verify whether Carmen Rico holds a key-man clause that triggers clawback or governance changes, confirm the identity and role of the unnamed co-GP, and establish whether this filing is a placeholder for a larger eventual raise or a final close cap.