Founders Circle Capital Co-Invest Series, L.P. - Series 12

This is FCC Series Management's first EDGAR filing, signaling either a new manager entering the reporting system or an established operator that has structured previous funds outside SEC visibility; the three named GPs (two individuals plus the management entity) suggest a lean operating structure typical of co-invest platforms that rely on a parent fund's sourcing and diligence.

Filing in mid-2026 aligns with the typical LP capital call cycle and marks a point when Series 11 (if it existed) would be reaching deployment maturity, making this Series 12 a natural continuation vehicle to recycle carry partners and aligned LPs into a subsequent generation of the same manager's investment stream.

Before committing, verify whether Michael Jung and Kenneth Loveless have key-man status or clawback obligations tied to the parent fund's performance, and confirm the co-invest fee structure—specifically whether management fees apply to committed capital or only to deployed capital, as this materially affects the cost of participation.