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Other  · Jun 05, 2026

Upper90 Payjoy SPV, LLC

SEC Filing Record
Offering Amount
$9.2M
Strategy
Other
Exemption
06b
Date Filed
Jun 05, 2026
0002138670-26-000001
View on SEC EDGAR →
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The SPV structure with a named GP entity (Upper90 Partners Equity SPV GP VI, LLC) paired with an individual GP (William Libby) indicates a continuation or parallel vehicle within a broader fund series; the 'VI' designation suggests this manager has run at least five prior fund iterations, though absence from EDGAR implies either pre-2013 activity, sub-$100M historical offerings, or operation outside SEC filing requirements.

No prior EDGAR filings for Upper90 Partners signal either a newly formed manager or one that has operated below regulatory thresholds until now; the move to file a $9M SPV on 06b exemption implies the manager is consolidating LP capital around a specific co-investment opportunity rather than running a traditional blind-pool fund strategy.

Filing in June 2026 during a stabilization phase in mid-market PE dealflow—after 2025 rate volatility—positions this vehicle to move quickly on opportunities where conviction exists around a single asset or small portfolio, when large-fund dry powder creates competitive pressure on deal sourcing.

Verify whether William Libby holds key-man status and what removal/replacement triggers exist, as single-named GPs in SPV structures create LP concentration risk; additionally, confirm Upper90 Partners' GP commitment level and any co-investment requirements, since sub-$10M vehicles often signal either founder-led deals or LP-specific allocations with non-standard terms.

Full analysis (GP structure, exemption breakdown, and market context) is available to Pro members.

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Principals
General Partners & Executives
Upper90 Partners Equity SPV GP VI, LLC - William Libby