# Acme

> Acme is an SEC-registered investment advisory firm in San Francisco, CA, registered since 2017, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated March 27, 2026.

- CRD: 168736
- Filed as: ACME
- Legal name: Acme, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: San Francisco, CA
- Filing period: October 2026
- Form ADV filing dated: March 27, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/168736
- AdvisorCensus page: https://advisorcensus.com/firm/acme-san-francisco-ca-168736

## Quick answers

**How is Acme compensated?**
On its Form ADV (Item 5.E, October 2026), Acme reports these compensation arrangements: a percentage of assets under its management; performance-based fees.

**Where is Acme located?**
Acme's principal office is in San Francisco, CA, according to its Form ADV.

**Is Acme registered with the SEC or a state?**
Acme is an SEC-registered investment advisory firm, registered since 2017. Status as filed: Approved. CRD 168736.

**How much does Acme manage?**
Acme reports $767,467,698 in regulatory assets under management in its Form ADV filing dated March 27, 2026 (100% discretionary).

**How have Acme's assets and staff changed since 2021?**
In the Form ADV data for Acme: Regulatory assets under management: $1,826,628,435 in the October 2021 data and $767,467,698 in the October 2026 data, down 58%. Total employees: 16 in October 2021 and 10 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Acme serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (19).

**Does Acme 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/168736

**What changed in Acme's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $689,367,690 to $767,467,698 (+11%). Employees performing advisory functions went from 7 to 5.

## 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: $767,467,698
- Discretionary: $767,467,698
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | Not reported |
| High net worth individuals | 0 | Not reported |
| Banking or thrift institutions | 0 | Not reported |
| Investment companies | 0 | Not reported |
| Business development companies | 0 | Not reported |
| Pooled investment vehicles (other than investment companies and business development companies) | 19 | $767,467,698 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | Not reported |
| Charitable organizations | 0 | Not reported |
| State or municipal government entities (including government pension plans) | 0 | Not reported |
| Other investment advisers | 0 | Not reported |
| Insurance companies | 0 | Not reported |
| Sovereign wealth funds and foreign official institutions | 0 | Not reported |
| Corporations or other businesses not listed above | 0 | Not reported |
| Other | 0 | Not reported |

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

### Firm details
- Registered since: 2017 (9 years)
- Employees: 10 total, 5 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- acme.vc
- medium.com/@acmecapital
- sherpa.com
- Instagram @acmecapital
- LinkedIn @acme-vc
- LinkedIn @sherpaventures
- X @ACME

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $1,826,628,435 | 16 | March 30, 2021 |
| October 2022 | $1,848,029,607 | 16 | March 31, 2022 |
| October 2023 | $1,144,915,871 | 15 | August 31, 2023 |
| October 2024 | $992,840,320 | 14 | April 16, 2024 |
| October 2025 | $689,367,690 | 13 | March 25, 2025 |
| October 2026 | $767,467,698 | 10 | March 27, 2026 |

Regulatory assets under management: $1,826,628,435 in the October 2021 data and $767,467,698 in the October 2026 data, down 58%.
Total employees: 16 in October 2021 and 10 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $689,367,690 to $767,467,698 (+11%).
- Employees performing advisory functions went from 7 to 5.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Acme (CRD 168736): Form ADV filing data as of October 2026.