SEC Filing Record

Offering Amount

$1.0M

Strategy

VC

Exemption

06b

Date Filed

Jun 10, 2026

0002138660-26-000001

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37A Read

The Series structure (Bluewatch V under CGF2021 LLC) indicates this is the fifth vintage in an established continuation series, signaling the manager has deployed capital through prior vehicles and is returning to LPs with a new fund rather than launching a standalone entity—typical of managers with proven fund operations seeking to maintain continuity with existing limited partners.

The two-GP structure (LLC Sydecar and Brett Sagan) combined with no prior EDGAR filings from this manager suggests either a first-time SEC filing despite operational history, or that prior vehicles were structured under different entities or exemptions that did not require public filing—this warrants verification of whether Sydecar or Sagan have managed capital under alternative names or fund structures.

A $1M target filed in June 2026 in venture capital is unusually small for a fifth-vintage raise and points either to a continuation of a small-check strategy, a placeholder filing ahead of a larger amendment, or a fund designed to serve a specific LP cohort or geography where venture allocation remains constrained post-2024 correction.

Before committing, confirm whether Brett Sagan or Sydecar maintains a key-person provision tied to fund operations, whether prior Bluewatch vintages I–IV are fully drawn or still in deployment phase (affecting J-curve overlap), and whether the 06b exemption reflects true pre-existing relationships or a conservative filing posture that may limit future fundraising flexibility.

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Principals

General Partners & Executives

LLC Sydecar Brett Sagan

Bluewatch V a Series of CGF2021 LLC