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Private fund adviser · Menlo Park, CA

Lightspeed Venture Partners

Lightspeed Management Company, L.L.C. · SEC-registered investment adviser · CRD 160187 · SEC 801-132552

At a glance

Lightspeed Venture Partners is an SEC-registered investment adviser based in Menlo Park, California, with $50.0 billion in regulatory assets under management as of its Form ADV filed May 6, 2026. Its largest client group by assets is pooled investment vehicles. By Form ADV it is a private fund adviser, ranked 157th of 4,686 private fund advisers and 432nd of 17,210 SEC-registered advisers by assets.

Main office 650-234-8300LinkedInAs filed on Form ADV

Regulatory AUM
$50B
Rank among private fund advisers
#157 of 4,686
Rank among all SEC RIAs
#432 of 17,210
Rank in California
#42 of 1,873
Clients
51
Accounts
51
Discretionary
95% of AUM
Employees
132
Advisory staff
125
Offices
7

Owners and executives on its Form ADV

Custody and brokerage

Custodian

Lightspeed Venture Partners’s Form ADV lists no custodian for separately managed accounts. Firms report one only when they manage $10 million or more in those accounts.

Broker-dealer

No broker-dealer ties

Other RIAs with no broker-dealer ties

Who it serves

Client typeClientsRegulatory AUMShare
Pooled investment vehicles51$50B100%

Private funds

Lightspeed Venture Partners reports 51 private funds with $50B in gross assets: venture capital funds (Form ADV Item 7.B).

Disciplinary disclosures

Lightspeed Venture Partners reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗

Services

  • Portfolio management for pooled investment vehicles

How it’s paid

  • A percentage of assets under management
  • Performance-based fees

Form ADV and brochures on the SEC’s adviser search ↗

AtlasMembers

The full record on Lightspeed Venture Partners

Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.

Assets, accounts, clients and staff, 1 years of filings
Locked
Growth over one, three and five years
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Rank against 368 peers of its type and size
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Owners and executives, with titles and stakes
10 namedLocked
Main office, fax and compliance officer
Locked
Filing changes this year, with alerts
1Locked
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.

Background

Questions

How much does Lightspeed Venture Partners manage?

Lightspeed Venture Partners reports $50.0 billion in regulatory assets under management across 51 accounts, 95% of it on a discretionary basis, on its Form ADV filed May 6, 2026.

What kind of firm is Lightspeed Venture Partners?

Lightspeed Venture Partners is a private fund adviser by its Form ADV answers. Private funds are at least half of its business by assets.

Who are Lightspeed Venture Partners’s clients?

By assets, its largest client types are pooled investment vehicles ($50.0 billion, 51 clients).

Does Lightspeed Venture Partners manage private funds?

Yes. It reports 51 private funds with $50.0 billion in gross assets, including venture capital funds.

Does Lightspeed Venture Partners have any disciplinary history?

Lightspeed Venture Partners reports no disciplinary disclosures in Item 11 of its Form ADV. Check the SEC’s adviser search for the latest record.

Where these numbers come from

Every figure is Lightspeed Venture Partners’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-05-06), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.

Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →