# Connective Capital Management, LLC

> Connective Capital Management, LLC is an SEC-registered investment advisory firm in Palo Alto, CA, registered since 2012, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated April 9, 2026.

- CRD: 161099
- Filed as: CONNECTIVE CAPITAL MANAGEMENT, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Palo Alto, CA
- Filing period: October 2026
- Form ADV filing dated: April 9, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/161099
- AdvisorCensus page: https://advisorcensus.com/firm/connective-capital-management-llc-palo-alto-ca-161099

## Quick answers

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

**Where is Connective Capital Management, LLC located?**
Connective Capital Management, LLC's principal office is in Palo Alto, CA, according to its Form ADV.

**Is Connective Capital Management, LLC registered with the SEC or a state?**
Connective Capital Management, LLC is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 161099.

**How much does Connective Capital Management, LLC manage?**
Connective Capital Management, LLC reports $230,133,537 in regulatory assets under management in its Form ADV filing dated April 9, 2026 (100% discretionary).

**How have Connective Capital Management, LLC's assets and staff changed since 2021?**
In the Form ADV data for Connective Capital Management, LLC: Regulatory assets under management: $190,619,089 in the October 2021 data and $230,133,537 in the October 2026 data, up 21%. Total employees: 5 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 Connective Capital Management, LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (2).

**Does Connective Capital 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/161099

**What changed in Connective Capital Management, LLC's recent Form ADV filings?**
In the May 2026 filing data: Regulatory assets under management went from $312,526,482 to $230,133,537 (-26%).

## 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: $230,133,537
- Discretionary: $230,133,537
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 2 | $230,133,537 |

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

### Firm details
- Registered since: 2012 (14 years)
- Employees: 10 total, 3 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)
- connectcap.com
- LinkedIn @connective-capital-management-llc

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $190,619,089 | 5 | September 30, 2021 |
| October 2022 | $203,174,236 | 12 | August 2, 2022 |
| October 2023 | $182,527,327 | 11 | March 16, 2023 |
| October 2024 | $102,946,543 | 12 | March 30, 2024 |
| October 2025 | $100,324,625 | 10 | March 31, 2025 |
| October 2026 | $230,133,537 | 10 | April 9, 2026 |

Regulatory assets under management: $190,619,089 in the October 2021 data and $230,133,537 in the October 2026 data, up 21%.
Total employees: 5 in October 2021 and 10 in October 2026.

## Changes in the filing (last 12 months)

### May 2026
- Regulatory assets under management went from $312,526,482 to $230,133,537 (-26%).

### April 2026
- Regulatory assets under management went from $100,324,625 to $312,526,482 (+212%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Connective Capital Management, LLC (CRD 161099): Form ADV filing data as of October 2026.