Source Digital IV, a SPV of Manole Capital, LLC

Warren Fisher operates as the sole named GP, and the absence of any prior EDGAR filings from Manole Capital means this manager is either operating below the $25M AUM threshold historically or has structured prior vehicles outside SEC filing requirements—either way, this vintage IV raise suggests the manager is now reaching a scale or LP base that requires SEC registration.

A $2M target in May 2026 during a period of LP capital redeployment and mid-market fund formation cycles indicates either a small continuation fund for existing LPs from vintages I–III or a specialized SPV carving out a specific sector or geography; the sub-$25M offering size under 06b exemption confirms this manager avoids broad solicitation and relies on relationships established across prior funds.

Before committing, verify whether Warren Fisher has key-person protections tied to prior vintages and whether those agreements permit deployment into vintage IV, and confirm what the amendment modified—offering terms, LP caps, fee structures, or strategy scope—since amendments often signal unresolved terms or post-marketing corrections that affect LP economics.