{ "crd_number": 160187, "slug": "lightspeed-venture-partners-menlo-park-ca-160187", "primary_business_name": "LIGHTSPEED VENTURE PARTNERS", "legal_name": "LIGHTSPEED MANAGEMENT COMPANY, L.L.C.", "dbas": [], "city": "Menlo Park", "state": "CA", "country": "United States", "cbsa_code": "41860", "metro": { "cbsa_code": "41860", "common_name": "San Francisco", "msa_name": "San Francisco-Oakland-Fremont, CA", "path": "/advisors/ca/san-francisco" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2025-04-28", "years_registered": 1, "period": "2026-10-01", "filing_date": "2026-05-06", "carried_forward": false, "raum_total": 50005412721.0, "raum_discretionary": 47322785837.0, "raum_non_discretionary": 2682626884.0, "raum_band": "over_5b", "raum_band_label": "Over $5 billion", "total_employees": 132, "advisory_employees": 125, "client_count_bucket": null, "clients_by_type": { "pooled_investment_vehicles": { "raum": 50005412721.0, "count": 51 } }, "compensation_types": [ "percentage_of_aum", "performance_based" ], "advisory_activities": [ "portfolio_management_pooled_vehicles" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [ "CA", "NY" ], "websites": [ "https://facebook.com/Lightspeed", "https://instagram.com/lightspeed", "https://linkedin.com/company/lightspeed-venture-partners", "https://lsvp.com", "https://medium.com/lightspeed-venture-partners", "https://open.spotify.com/show/0KhbgET4zCWpF464Jj2ZBI?si=b807532dea014c3a", "https://open.spotify.com/show/2CCSJUxJZZYmkyCZnUhSJ3", "https://podcasts.apple.com/us/podcast/generative-now-ai-builders-on-creating-the-future/id1709773028", "https://podcasts.apple.com/us/podcast/out-of-office/id1851032430", "https://sprout.link/lightspeedventurepartners", "https://tiktok.com/@lightspeed", "https://vimeo.com/user23347172", "https://x.com/lightspeedvp", "https://youtube.com/@lightspeedvp", "https://youtube.com/playlist?list=PLXW6zY9x-gk3zcwGTOGKWc3z_ehZNqgbG" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/160187", "city_as_filed": "MENLO PARK", "url": "https://advisorcensus.com/firm/lightspeed-venture-partners-menlo-park-ca-160187", "display_name": "Lightspeed Venture Partners", "summary": "Lightspeed Venture Partners is an SEC-registered investment advisory firm in Menlo Park, CA, registered since 2025, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated May 6, 2026.", "citation": "AdvisorCensus. Lightspeed Venture Partners (CRD 160187): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management", "Performance-based fees" ], "advisory_activity_labels": [ "Portfolio management for pooled investment vehicles (other than investment companies)" ], "quick_answers": [ { "q": "How is Lightspeed Venture Partners compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Lightspeed Venture Partners reports these compensation arrangements: a percentage of assets under its management; performance-based fees." }, { "q": "Where is Lightspeed Venture Partners located?", "a": "Lightspeed Venture Partners' principal office is in Menlo Park, CA, according to its Form ADV; the June 2026 filing also lists 6 other offices (Schedule D, Section 1.F)." }, { "q": "Is Lightspeed Venture Partners registered with the SEC or a state?", "a": "Lightspeed Venture Partners is an SEC-registered investment advisory firm, registered since 2025. Status as filed: Approved. CRD 160187." }, { "q": "How much does Lightspeed Venture Partners manage?", "a": "Lightspeed Venture Partners reports $50,005,412,721 in regulatory assets under management in its Form ADV filing dated May 6, 2026 (95% discretionary)." }, { "q": "How have Lightspeed Venture Partners' assets and staff changed since 2021?", "a": "In the Form ADV data for Lightspeed Venture Partners: Regulatory assets under management: $31,189,537,233 in the October 2025 data and $50,005,412,721 in the October 2026 data, up 60%. Total employees: 137 in October 2025 and 132 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Lightspeed Venture Partners serve?", "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (51)." }, { "q": "Does Lightspeed Venture Partners report any disciplinary disclosures?", "a": "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/160187" }, { "q": "Does Lightspeed Venture Partners state an account minimum?", "a": "Its Form ADV Part 2A brochure dated March 26, 2026 says: \"Lightspeed does not currently have a minimum size for a Fund.\"" }, { "q": "What changed in Lightspeed Venture Partners' recent Form ADV filings?", "a": "In the April 2026 filing data: Employees performing advisory functions went from 129 to 125. Regulatory assets under management went from $31,189,537,233 to $50,005,412,721 (+60%). No longer lists an office in Berlin." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": null, "total_employees": null, "filing_date": "2021-03-29" }, { "period": "2022-10-01", "regulatory_assets_under_management": null, "total_employees": null, "filing_date": "2022-03-25" }, { "period": "2023-10-01", "regulatory_assets_under_management": null, "total_employees": null, "filing_date": "2023-03-29" }, { "period": "2024-10-01", "regulatory_assets_under_management": null, "total_employees": null, "filing_date": "2024-03-29" }, { "period": "2025-10-01", "regulatory_assets_under_management": 31189537233.0, "total_employees": 137, "filing_date": "2025-03-27" }, { "period": "2026-10-01", "regulatory_assets_under_management": 50005412721.0, "total_employees": 132, "filing_date": "2026-05-06" } ], "recent_changes": [ { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Employees performing advisory functions went from 129 to 125.", "Regulatory assets under management went from $31,189,537,233 to $50,005,412,721 (+60%).", "No longer lists an office in Berlin." ] } ], "fees_from_brochure": { "source": "Form ADV Part 2A brochure dated March 26, 2026", "provided_by_the_firm": false, "tiers": [], "flat_rate": null, "stated_range": null, "stated_maximum": null, "account_minimum": "None", "account_minimum_may_be_waived": false, "minimum_annual_fee": null, "planning_fees": [], "figures": [ { "label": "Account minimum", "statements": [ "Account minimum: None" ], "quotes": [ "Lightspeed does not currently have a minimum size for a Fund." ] } ], "values": { "tiers": [], "range_pct": null, "max_pct": null, "account_minimum": 0.0, "minimum_annual_fee": null, "planning": [] }, "quotes": [ "Lightspeed does not currently have a minimum size for a Fund." ], "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable." }, "custodians": [], "custodians_note": null, "markdown_url": "https://advisorcensus.com/firm/lightspeed-venture-partners-menlo-park-ca-160187.md", "clients": [ { "type": "pooled_investment_vehicles", "label": "Pooled investment vehicles (other than investment companies and business development companies)", "count": 51, "fewer_than_5": false, "raum": 50005412721.0 } ], "disclosure_line": "Reports no disclosure items on Form ADV Item 11.", "disclosure_items": [], "indexable": true, "suppressed": false, "claimed": false, "enhanced": false, "provided_by_the_firm": null, "source": { "name": "Form ADV", "as_of": "2026-10-01", "iapd_url": "https://adviserinfo.sec.gov/firm/summary/160187", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }