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Offering

Operating Agreement

Dated Jul 1, 2026

What this document governs

How the company is run and how money moves: the distribution waterfall, the preferred return, the sponsor promote, voting, transfers, and dissolution. This is the controlling document for economics.

What to read for

  • The full distribution waterfall, including the split above the preferred return
  • How and when the sponsor promote is earned
  • Capital call mechanics, if any, and the consequence of not funding one
  • Transfer restrictions on your interest, and what happens on death or divorce

This is the document record. The executed instrument is the controlling document and it is released by Jesse or Tommy directly, so a signed copy always reaches you from a person you have spoken to rather than from a link. Ask below and it comes back the same day.

Where this website and an executed document disagree, the executed document controls. Nothing on this site amends it.