SEC Filing Record

Offering Amount

$14.0M

$4.0M raised

Strategy

VC

Exemption

06b

Date Filed

Jun 04, 2026

0002137591-26-000001

View on SEC EDGAR →

37A Read

The SPV structure—a single-purpose vehicle feeding into ArcTern II—indicates this is a continuation or parallel commitment vehicle for a specific LP or investor cohort, allowing the GP to segment capital while maintaining unified governance under the main fund's economics and terms.

The absence of any prior EDGAR filings from ArcTern as a manager signals this is either a newly formed GP entity or one operating below the $150M AUM threshold historically, making this first documented raise a materiality event worth tracking for future fund series and operational scale.

A mid-2026 filing for a $14M venture vehicle during a period of selective LP re-allocation toward smaller, focused checks aligns with the market's rebalancing away from mega-funds, though the 29% close rate after filing suggests this may be early-stage outreach or a delayed LP commitment cycle.

Verify whether Murray McCaig or Tom Rand carry key-man status or have clawback/removal thresholds defined, and confirm the relationship between the named GPs and ArcTern II GP Inc.—ambiguous GP roles in early-stage filings often mask concentration risk or unclear decision authority.

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Principals

General Partners & Executives

N/a ArcTern II GP Inc. Murray McCaig Tom Rand

ArcTern F2 Palmetto SPV LP