Form D · Private Equity Fund

DBR Fund I Dec 2025 a Series of SecondMarket Growth LLC

Claymont, DE · CIK 0002102933

Offering snapshot reported Feb 9, 2026 · SEC filing

Reported sold: $3.04M
Investors reported: 26
Minimum accepted: $50K
First sale: Jan 29, 2026

What changed?

Latest filing versus its linked predecessor, where available.

No comparable changes in the displayed metrics.

Filing history

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Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Feb 9, 2026	Initial	$3,041,008	No comparison	26	SEC filing

Offering details

Securities: Pooled investment fund
Exemptions: 06b, 3C, 3C.7
Duration over one year: No
Business combination: No

Sales commissions: $0
Finders' fees: $0
Form D file number: 021-573008

The Managers or certain affiliates of the Managers may receive payment deemed to be made from the proceeds of the offering, including management fees.

Source: Form D, filed Feb 9, 2026. Minimum accepted may differ from a standard advertised minimum.

Fund connections

The linked fund shows its most recently reported ADV details.

Matched by reported Form D file number

DBR FUND I DEC 2025, A SERIES OF SECONDMARKET GROWTH, LLC

Investment adviser: SECONDMARKET FINANCIAL, LLC

Gross asset value: $2.82M
Beneficial owners: 26
ADV minimum commitment: $50K

Reported in Form ADV on Jul 9, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator SYDECAR LLC CLAYMONT, Delaware, United States Investor statements: No (provided to no investors) Related to adviser: No

Auditor CITRIN COOPERMAN & COMPANY, LLP NEW YORK, New York, United States

Custodian GRASSHOPPER BANK, N.A. NEW YORK, New York, United States Related to adviser: No

Marketer NPM SECURITIES, LLC NEW YORK, New York, United States Related to adviser: Yes

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

CITRIN COOPERMAN & COMPANY, LLP
PCAOB 2468

GRASSHOPPER BANK, N.A.
LEI 254900WTRW9X2ZN1UG04

NPM SECURITIES, LLC
CRD 168469 · SEC 8-69312

Filing source

Form ADV 2118582 · Jul 9, 2026 · Schedule D 7.B.(1), fund 805-2575266251

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

People & organizations

Current and past Form D appearances. These existing records do not establish a person's current role or uniquely identify them across issuers.

People and organizations reported in Form D filings
Name	Reported role
Tom Callahan	Executive
Brett Sagan	Director
Llc Secondmarket Growth	Executive
Llc Secondmarket Growth Management	Executive
Llc Sydecar	Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

2093 Philadelphia Pike 5885
Claymont, DE, 19703