Corbin Capital Partners, L.P. 4

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.