# Lightstone Ventures

> Lightstone Ventures is an exempt reporting adviser in Portola Valley, CA, filing reports since 2013. Exempt reporting advisers do not report regulatory assets under management on Form ADV.

- CRD: 168121
- Filed as: LIGHTSTONE VENTURES
- Legal name: LSV Capital Management, LLC
- Reporting status: Exempt reporting adviser (status as filed: ERA - Active)
- Location: Portola Valley, CA
- Filing period: October 2026
- Form ADV filing dated: March 30, 2026
- Public record (IAPD): https://adviserinfo.sec.gov/firm/summary/168121
- AdvisorCensus page: https://advisorcensus.com/firm/lightstone-ventures-portola-valley-ca-168121

## Quick answers

**Where is Lightstone Ventures located?**
Lightstone Ventures' principal office is in Portola Valley, CA, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**How does Lightstone Ventures report to regulators?**
Lightstone Ventures is an exempt reporting adviser, filing reports since 2013. Exempt reporting advisers file a shorter Form ADV. Status as filed: ERA - Active. CRD 168121.

**Does Lightstone Ventures report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's public record on IAPD: https://adviserinfo.sec.gov/firm/summary/168121

**What changed in Lightstone Ventures' 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

### Firm details
- Reporting since: 2013 (13 years)
- Employees: Not reported total, Not reported performing advisory functions
- Wrap fee program participation: Not reported
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Boston, MA

### Websites listed on Form ADV (Item 1.I)
- [lightstonevc.com](https://lightstonevc.com)
- [services.dataexchange.fiscloudservices.com/Document/2552278](https://services.dataexchange.fiscloudservices.com/Document/2552278)

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | Not reported | Not reported | March 31, 2021 |
| October 2022 | Not reported | Not reported | April 11, 2022 |
| October 2023 | Not reported | Not reported | March 31, 2023 |
| October 2024 | Not reported | Not reported | March 29, 2024 |
| October 2025 | Not reported | Not reported | August 29, 2025 |
| October 2026 | Not reported | Not reported | March 30, 2026 |


## Changes in the filing (last 12 months)

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

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Lightstone Ventures (CRD 168121): Form ADV filing data as of October 2026.