SEC Filing Record

Offering Amount

$8.5M

Strategy

PE

Exemption

06b

Date Filed

May 19, 2026

0002134457-26-000001

View on SEC EDGAR →

37A Read

The single-GP-entity structure with two named individuals (Bernardo and Rosina) signals a partnership vehicle where decision-making authority is split between co-leads rather than concentrated in one GP, a typical arrangement for newly independent or co-founded teams establishing their first institutional fund.

The absence of prior EDGAR filings from this manager indicates this is either a newly formed GP entity or the first time these principals are raising under their own name, meaning there is no vintage history to review and allocators cannot assess track record, fund economics, or LP experience from prior vehicles.

A May 2026 filing for an $8M target reflects positioning for the upper-mid-market or lower-market GP space during a period when dry powder remains elevated but mega-fund capital competition has intensified, making smaller, focused vehicles attractive to LPs seeking differentiation and direct relationships.

Before committing, verify whether B Capital Watermark 2026 GP LLC has a separate management company agreement filed elsewhere, confirm key-man protections and succession language given the two-principal structure, and clarify if either GP has LP commitments from prior relationships that would influence available capital allocation to new LPs.

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Principals

General Partners & Executives

B Capital Watermark 2026 GP LLC Nicholas Bernardo Lance Rosina

B Capital Watermark 2026 Fund LP