Corbin Capital Partners, L.P. 4
4 · Privacore VPC Asset Backed Credit Fund · Filed Apr 27, 2026
Research Summary
AI-generated summary of this filing
Privacore VPC Asset Backed Credit Fund 10% Owner Buys $7.5M
What Happened
Corbin Capital Partners, L.P. (reported as a 10% owner) made an open-market/private purchase of 746,268.657 Class I shares of Privacore VPC Asset Backed Credit Fund on 2026-04-23 at $10.05 per share, for a total consideration of $7,500,000. This was a purchase (a net acquisition), which investors typically view as a more informative/bullish signal than routine sales. The Form 4 reflecting the transaction was filed on 2026-04-27.
Key Details
- Transaction date and price: 2026-04-23, purchase at $10.05 per share.
- Shares acquired: 746,268.657 shares; total value: $7,500,000.
- Filing date: Form 4 filed 2026-04-27 (4 days after the transaction). This appears later than the usual 2-business-day Form 4 deadline for Section 16 filers.
- Shares owned after transaction: Not disclosed in the provided filing.
- Footnotes / ownership structure: Shares are held directly by CCP 575 Investment Accelerator, LLC, 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 GP) may also be deemed to share beneficial ownership. Both CCP and Corbin GP disclaim beneficial ownership except to the extent of any pecuniary interest.
- Transaction code: P = Purchase.
Context
- This filing reports an institutional 10% owner (not an individual executive). Such purchases reflect the investment actions of an affiliated fund/advisor structure rather than a company officer.
- No options exercised, gifts, or tax-withholding events are involved here—this was a straightforward acquisition.
- The apparent late filing may have regulatory implications (late disclosure), but the report itself documents the acquisition and the holding structure for investors’ transparency.
Insider Transaction Report
Form 4
Corbin Capital Partners, L.P.
10% Owner
Transactions
- Purchase
Class I Shares
[F1][F2]2026-04-23$10.05/sh+746,268.657$7,500,000→ 2,733,357.03 total(indirect: See footnotes)
Footnotes (2)
- [F1]Held directly by CCP 575 Investment Accelerator, LLC ("CCP 575"), which is wholly owned by Corbin ERISA Opportunity Fund, Ltd., a Cayman Islands exempted company ("CEOF"). Corbin Capital Partners, L.P., a Delaware limited partnership ("CCP") is the investment advisor to CEOF and may be deemed to have beneficial ownership over the Class I Shares held by CEOF. Corbin Capital Partners GP, LLC, a Delaware limited liability company ("Corbin GP") is the general partner of CCP and may be deemed to share beneficial ownership over the Class I Shares held by CEOF over which CCP shares beneficial ownership.
- [F2]Each of CCP and Corbin GP disclaims beneficial ownership of all reported shares except to the extent of their pecuniary interest therein and the inclusion of the shares in this report shall not be deemed to be an admission of beneficial ownership of the reported shares for the purposes of Section 16 or otherwise.