# 5AM Ventures

> 5AM Ventures is an SEC-registered investment advisory firm in San Francisco, CA, registered since 2021, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 30, 2026.

- CRD: 160395
- Filed as: 5AM VENTURES
- Legal name: 5AM Venture Management, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: San Francisco, CA
- Filing period: October 2026
- Form ADV filing dated: March 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/160395
- AdvisorCensus page: https://advisorcensus.com/firm/5am-ventures-san-francisco-ca-160395

## Quick answers

**How is 5AM Ventures compensated?**
On its Form ADV (Item 5.E, October 2026), 5AM Ventures reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is 5AM Ventures located?**
5AM Ventures' principal office is in San Francisco, CA, according to its Form ADV; the April 2026 filing also lists 2 other offices (Schedule D, Section 1.F).

**Is 5AM Ventures registered with the SEC or a state?**
5AM Ventures is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 160395.

**How much does 5AM Ventures manage?**
5AM Ventures reports $1,084,259,034 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (100% discretionary).

**How have 5AM Ventures' assets and staff changed since 2021?**
In the Form ADV data for 5AM Ventures: Regulatory assets under management: $1,261,290,957 in the October 2021 data and $1,084,259,034 in the October 2026 data, down 14%. Total employees: 37 in October 2021 and 32 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does 5AM Ventures serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (14).

**Does 5AM Ventures report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/160395

**What changed in 5AM Ventures' recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 26 to 18. Regulatory assets under management went from $1,264,695,419 to $1,084,259,034 (-14%). Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Regulatory assets under management (Item 5.F)
- Total: $1,084,259,034
- Discretionary: $1,084,259,034
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 14 | $1,084,259,034 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 2021 (5 years)
- Employees: 32 total, 18 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, MA, NY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Boston, MA
- New York, NY

### Websites listed on Form ADV (Item 1.I)
- 459initiative.com
- 5amventures.com
- LinkedIn @4-59-newco
- LinkedIn @5amventures
- X @5AMVENTURES
- X @SCHWAB5AM

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $1,261,290,957 | 37 | February 9, 2021 |
| October 2022 | $2,002,913,353 | 41 | March 28, 2022 |
| October 2023 | $1,730,196,694 | 35 | July 12, 2023 |
| October 2024 | $1,453,938,677 | 37 | August 15, 2024 |
| October 2025 | $1,264,695,419 | 43 | April 23, 2025 |
| October 2026 | $1,084,259,034 | 32 | March 30, 2026 |

Regulatory assets under management: $1,261,290,957 in the October 2021 data and $1,084,259,034 in the October 2026 data, down 14%.
Total employees: 37 in October 2021 and 32 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 26 to 18.
- Regulatory assets under management went from $1,264,695,419 to $1,084,259,034 (-14%).
- Updated its list of owners and control persons (Schedule A).

### February 2026
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. 5AM Ventures (CRD 160395): Form ADV filing data as of October 2026.