WCM Bluebird (QP) (TE Onshore), a series of BlueArc Core Alternatives, LLC

The absence of prior EDGAR filings from BlueArc Capital Management signals this is either a first-time fund manager or a newly formed management company, making this raise a foundational vehicle rather than a continuation of an established series; the $3M target and 06b exemption restriction to pre-existing relationships suggest the team is building a limited LP base with existing relationships rather than conducting broad market outreach.

A mid-2026 filing in the 'other investment fund' category with a $3M target and no-solicitation exemption aligns with managers consolidating smaller ticket allocations from existing LPs ahead of any larger institutional push, or alternatively, deploying capital opportunistically in a market window before launching a broader fundraise.

Before engagement, verify whether Ronald Zazworsky, Jr. has key-man protections or removal provisions in the LP agreement, confirm whether BlueArc Core Alternatives Management and BlueArc Capital Management are separate entities with distinct roles (one administrative, one investment), and request the management company's formation date to assess whether this is a truly first-time filing or a re-domiciled prior vehicle.