SEC Filing Record

Offering Amount

$3.0M

Strategy

VC

Exemption

06b

Date Filed

May 28, 2026

0002136312-26-000001

View on SEC EDGAR →

37A Read

The fund uses a series structure within a single LLC (CGF2021), with Sydecar—a regulated fintech platform for fund administration and cap table management—named alongside Brett Sagan as co-GP; this arrangement signals the manager is outsourcing operational and compliance infrastructure rather than building in-house, a pattern typical of emerging or solo GPs scaling their first institutionalized vehicle.

The absence of prior EDGAR filings from this manager indicates this is a debut institutional fund raise, and the dual-GP structure with a third-party platform provider suggests Sagan is using external credibility and operational backbone to compensate for lack of demonstrated fund management history.

A May 2026 filing for a $3M target in venture capital reflects a micro-fund entry strategy during a period when early-stage capital remains fragmented and when first-time managers can still access LP capital through 506(b) networks without broad marketing—this timing aligns with LP allocation to emerging manager pipelines rather than any macro VC surge.

Verify whether Brett Sagan has carried interest incentives aligned with fund performance and what rollover or co-investment commitments Sydecar has made; confirm whether this $3M target is a soft close threshold or a hard cap, as the small size and new-manager status create execution risk if early commitments don't materialize.

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Principals

General Partners & Executives

LLC Sydecar Brett Sagan

IGX 3 11 a Series of CGF2021 LLC