Northstar Ventures

Fund · four legal entities · coverage as of August 15, 2026 · 9:42 AM PT

Insured at FEB

$680,000

across 3 of 4 legal entities

Insured: $680,000
Above entity limits: $1,100,000
Not counted: $300,000

An incoming wire of $1,200,000 from Ridgeline Summit Partners, LP is announced for today, 3:00 PM PT. This position does not include it — review the projection.

Deposit placement

Enrolled

Above entity limits: $1,100,000
Placed through the network: $1,100,000
Not placed: $0

Deposit placement spreads the balance above an entity’s limit across a network of other banks. It changes nothing about the accounts here — only where the amount above the limit sits. $1,100,000 is placed through the network as of August 15, 2026 · 9:42 AM PT.

Where the coverage comes from

FDIC insurance is per depositor, per bank, per ownership category. Each legal entity is its own depositor with its own $250,000 limit, and all of an entity’s accounts aggregate into it.

Entity	Balance	Insured	Above limit	Status
Northstar Ventures Fund I, LP Delaware LP	$1,200,000	$250,000	$950,000	Insured to the limit
Northstar Ventures Fund II, LP Delaware LP	$400,000	$250,000	$150,000	Insured to the limit
Northstar Management Company, LLC Delaware LLC	$180,000	$180,000	$0	Fully insured
Northstar Opportunities SPV I, LLC Delaware LLC	$300,000	—	—	Not counted · review pending

Why it isn't the full ceiling

3 counting entities × $250,000 is a ceiling of $750,000. This relationship realizes $680,000.

$70,000 of headroom sits unused in Northstar Management Company, LLC, while $1,100,000 sits above the limit in Northstar Ventures Fund I, LP, Northstar Ventures Fund II, LP. Coverage caps per entity, so one entity’s unused headroom cannot absorb another’s excess. Balance concentrated in a single entity is what limits the total — not the number of entities.

Open review

Northstar Opportunities SPV I, LLC

Independent-activity review opened Aug 14 · pending bank determination

Its $300,000 is counted neither as insured nor as above the limit while the review is open. If the bank determines the entity is engaged in an independent activity, it stands as its own depositor. If it determines otherwise, the balance is treated as owned by the persons behind it and collapses into Northstar Management Company, LLC, adding no coverage.

Compared with an entity-blind platform

A platform that treats the relationship as one depositor reports $250,000 insured on this same book. Recognising the entities that already exist accounts for the difference of $430,000.