# BGV VC Management LLC

> BGV VC Management LLC is an SEC-registered investment advisory firm in Menlo Park, CA, registered since 2026, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 298473
- Filed as: BGV VC MANAGEMENT LLC
- Also doing business as: BGV II PARTNERS, LLC, BGV III PARTNERS, LLC, BGV IV PARTNERS, LLC, BGV OPPORTUNITY FUND II PARTNERS, LLC, BGV OPPORTUNITY FUND PARTNERS, LLC, BGV V PARTNERS, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Menlo Park, CA
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/298473
- AdvisorCensus page: https://advisorcensus.com/firm/bgv-vc-management-llc-menlo-park-ca-298473

## Quick answers

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

**Where is BGV VC Management LLC located?**
BGV VC Management LLC's principal office is in Menlo Park, CA, according to its Form ADV.

**Is BGV VC Management LLC registered with the SEC or a state?**
BGV VC Management LLC is an SEC-registered investment advisory firm, registered since 2026. Status as filed: Approved. CRD 298473.

**How much does BGV VC Management LLC manage?**
BGV VC Management LLC reports $432,997,312 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary).

**What types of clients does BGV VC Management LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (12).

**Does BGV VC Management LLC 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/298473

**What changed in BGV VC Management LLC's recent Form ADV filings?**
In the April 2026 filing data: 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: $432,997,312
- Discretionary: $432,997,312
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 12 | $432,997,312 |

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

### Firm details
- Registered since: 2026 (0 years)
- Employees: 15 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)
- benhamouglobalventures.com
- LinkedIn @3337376
- X @BGVcapital

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | Not reported | Not reported | March 29, 2021 |
| October 2022 | Not reported | Not reported | April 1, 2022 |
| October 2023 | Not reported | Not reported | June 7, 2023 |
| October 2024 | Not reported | Not reported | March 28, 2024 |
| October 2025 | Not reported | Not reported | April 1, 2025 |
| October 2026 | $432,997,312 | 15 | March 31, 2026 |


## Changes in the filing (last 12 months)

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

### January 2026
- No longer lists the business name BGV Opportunity Fund Partners LLC.
- No longer lists the business name BGV Opportunity Fund II Partners LLC.
- No longer lists the business name BGV IV Partners LLC.
- Added the business name BGV V Partners, LLC.
- Added the business name BGV Opportunity Fund Partners, LLC.
- Added the business name BGV Opportunity Fund II Partners, LLC.
- Added the business name BGV IV Partners, LLC.
- Added the business name BGV III Partners, LLC.
- Added the business name BGV II Partners, LLC.
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. BGV VC Management LLC (CRD 298473): Form ADV filing data as of October 2026.