AdvisorCensus / Financial advisors / California / San Jose / Lightspeed Faction
Lightspeed Faction is an SEC-registered investment advisory firm in Palo Alto, CA, registered since 2022, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 17, 2026.
Quick answers
From the filingHow is Lightspeed Faction compensated?
On its Form ADV (Item 5.E, October 2026), Lightspeed Faction reports these compensation arrangements: a percentage of assets under its management; performance-based fees.
Where is Lightspeed Faction located?
Lightspeed Faction's principal office is in Palo Alto, CA, according to its Form ADV.
Is Lightspeed Faction registered with the SEC or a state?
Lightspeed Faction is an SEC-registered investment advisory firm, registered since 2022. Status as filed: Approved. CRD 318821.
How much does Lightspeed Faction manage?
Lightspeed Faction reports $432,631,544 in regulatory assets under management in its Form ADV filing dated March 17, 2026 (100% discretionary).
How have Lightspeed Faction's assets and staff changed since 2022?
In the Form ADV data for Lightspeed Faction: Regulatory assets under management: $177,350,000 in the October 2022 data and $432,631,544 in the October 2026 data, up 144%. Total employees: 3 in October 2022 and 8 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Lightspeed Faction serve?
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (5).
Does Lightspeed Faction 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/318821
Does Lightspeed Faction state an account minimum?
Its Form ADV Part 2A brochure dated March 17, 2026 says: "Faction generally requires a minimum capital commitment of $1 million for its Funds; however, the Firm maintains discretion to individually waive, increase or reduce the minimum investment required."
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
- Performance-based fees
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2AAccount minimum: $1,000,000 (the brochure says it may be waived or negotiated)
The brochure's wording
Faction generally requires a minimum capital commitment of $1 million for its Funds; however, the Firm maintains discretion to individually waive, increase or reduce the minimum investment required.
As stated in the firm's Form ADV Part 2A brochure dated March 17, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site
Regulatory assets under management
Item 5.F$432,631,544 as of October 2026, filing dated March 17, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Portfolio management for pooled investment vehicles (other than investment companies)
Registration and firm details
Items 1, 2, 5- Legal name
- Faction Ventures, LLC
- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2022 (4 years)
- Employees
- Total: 8. Performing investment advisory functions: 6.
- Wrap fee program participation
- No.
- States registered or notice-filed
-
1 state or jurisdiction
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $432,631,544 | 8 | March 17, 2026 |
| October 2025 | $465,673,719 | 7 | May 12, 2025 |
| October 2024 | $288,918,289 | 7 | March 18, 2024 |
| October 2023 | $265,293,000 | 5 | April 25, 2023 |
| October 2022 | $177,350,000 | 3 | August 29, 2022 |
Regulatory assets under management: $177,350,000 in the October 2022 data and $432,631,544 in the October 2026 data, up 144%.
Total employees: 3 in October 2022 and 8 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 monthsNo changes to these filed facts in the last 12 months of filing data.
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Lightspeed Faction (CRD 318821): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/lightspeed-faction-palo-alto-ca-318821