Corbin Capital Partners, L.P. 4

What Happened
Corbin Capital Partners, L.P. — reported as a 10% owner — purchased 496,031.746 Class I shares of Privacore VPC Asset Backed Credit Fund on April 2, 2026. The transaction price was $10.08 per share for a total reported value of $5,000,000. This was a purchase (transaction code P), which is generally a more informative signal to investors than routine sales because it represents a capital allocation into the company’s shares.

Key Details

• Transaction date: 2026-04-02; filing date (Form 4): 2026-04-07. The filing occurred five days after the trade and may be later than the typical Section 16 deadline (generally two business days).
• Price and amount: 496,031.746 shares at $10.08 per share; total value $5,000,000.
• Shares owned after transaction: Not specified in the information provided on this Form 4.
• Footnotes:
  • The shares are held directly by CCP 575 Investment Accelerator, LLC, which is wholly owned by Corbin ERISA Opportunity Fund, Ltd. Corbin Capital Partners, L.P. is the investment advisor to that fund and may be deemed to have beneficial ownership; Corbin Capital Partners GP, LLC (the general partner) may also be deemed to share beneficial ownership.
  • Corbin entities disclaim beneficial ownership except to the extent of any pecuniary interest (standard disclaimer).
• Transaction type: Open market or private purchase (reported as P).

Context

• This is an institutional/10% owner purchase, not an executive (officer/director) trade. Such buys can reflect an institutional allocation or repositioning rather than a personal insider signal.
• No derivatives, option exercises, gifts, or immediate sales were reported in this transaction.