Corbin Capital Partners, L.P. 4

What Happened
Corbin Capital Partners, L.P., reported as a 10% owner, purchased 498,007.968 Class I shares of Privacore VPC Asset Backed Credit Fund at $10.04 per share, for a total of $5,000,000. The transaction (code P) was an open market or private purchase on 2026-02-18 and was reported on a Form 4 filed 2026-02-20. This was a purchase (accumulation), not a sale.

Key Details

• Transaction date and price: 2026-02-18 at $10.04 per share.
• Shares acquired: 498,007.968; total transaction value: $5,000,000.
• Class: Class I shares (per filing footnote).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes: F1 explains the shares are held directly by CCP 575 Investment Accelerator, LLC (wholly owned by Corbin ERISA Opportunity Fund, Ltd.) and that Corbin Capital Partners, L.P. (and Corbin Capital Partners GP, LLC) may be deemed to have beneficial ownership; F2 states CCP and Corbin GP disclaim beneficial ownership except to the extent of pecuniary interest.
• Timeliness: Form 4 filed 2026-02-20 for a 2026-02-18 transaction — filing appears to be within the normal two-business-day reporting window.

Context
This is institutional/10% owner activity rather than an executive's personal trade; such purchases can reflect portfolio adjustments by the investment advisor or fund rather than insider sentiment about the company. The filing’s footnotes describe a multi-entity ownership structure and include standard disclaimers about beneficial ownership. As always, purchases disclose intent only indirectly — retail investors should consider this alongside other research and company fundamentals.