Messenger I, a series of Capitalize Investments LLC

With no prior EDGAR filings from this manager, Tommarello is filing his first registered fund, signaling either a transition from operating as a solo investor or GP without SEC disclosure obligations, or a threshold event (AUM, LP count, or formalization requirement) that triggered registration; the 06b exemption choice indicates he intends to rely exclusively on pre-existing relationships rather than broad market outreach.

A mid-2026 filing from a first-time filer with no prior vintage history reads as foundational rather than cyclical; the timing likely reflects internal readiness to formalize capital operations, potential LP demand from existing networks, or preparation to close a pilot year before scaling—not necessarily a response to immediate market conditions.

Before engagement, verify whether Tommarello is the sole GP or if other named principals operate through Capitalize Investments; confirm the $0M placeholder will be updated with a specific target and whether the 06b exemption ties to investor count caps or a hard rule against future broad solicitation, as this directly constrains fund growth and LP acquisition strategy.