PLEASE TAKE NOTICE that on June 14, 2022, the Honorable Lewis A. Kaplan of the United States District Court for the Southern District of New York appointed the Honorable Melanie L. Cyganowski (Ret.) as the receiver (“Receiver”) of SP Ventures Fund LLC, SP Ventures Fund 2 LLC, SP Ventures Fund 3 LLC, SP Ventures Fund 4 LLC, SP Ventures Fund 5 LLC, SP Ventures Fund 6 LLC, SP Ventures Fund 7 LLC, SP Ventures Fund 8 LLC, and SP Ventures Fund 9 LLC, (collectively, the “Funds”), as well as StraightPath Venture Partners LLC (“Manager”) and StraightPath Management LLC (“Adviser” and together with the Funds and Manager, the “Receivership Entities”). See, Securities and Exchange Commission v. StraightPath Venture Partners LLC, et al., Case No. 22-cv-03897, S.D.N.Y., Dkt. No. 56, June 14, 2022 (the “Order”).
Pursuant to the Order, the Receiver has, among other things, succeeded prior management of the Receivership Entities, and is in the process of taking custody and control of all of the assets and books and records of the Receivership Entities. Prior management is no longer authorized to act on behalf of any of the Receivership Entities in anyway.
