{ "crd_number": 162139, "slug": "menlo-equities-menlo-park-ca-162139", "primary_business_name": "MENLO EQUITIES", "legal_name": "MENLO EQUITIES V LLC", "dbas": [ "ME DIGITAL PARTNERS LP", "MENLO EQUITIES VI LP", "MENLO EQUITIES VII LP" ], "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": "2012-03-26", "years_registered": 14, "period": "2026-10-01", "filing_date": "2026-05-12", "carried_forward": false, "raum_total": 4694941710.0, "raum_discretionary": 3022985665.0, "raum_non_discretionary": 1671956045.0, "raum_band": "1b_5b", "raum_band_label": "$1 billion to $5 billion", "total_employees": 52, "advisory_employees": 16, "client_count_bucket": null, "clients_by_type": { "pooled_investment_vehicles": { "raum": 3022985665.0, "count": 9 }, "corporations_other_businesses": { "raum": 1671956045.0, "count": 3 } }, "compensation_types": [ "fixed", "other", "percentage_of_aum", "performance_based" ], "advisory_activities": [ "portfolio_management_businesses_institutional", "portfolio_management_pooled_vehicles" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [ "CA" ], "websites": [ "https://linkedin.com/COMPANY/MENLO-EQUITIES", "https://menloequities.com" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/162139", "city_as_filed": "MENLO PARK", "url": "https://advisorcensus.com/firm/menlo-equities-menlo-park-ca-162139", "display_name": "Menlo Equities", "summary": "Menlo Equities is an SEC-registered investment advisory firm in Menlo Park, CA, registered since 2012, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated May 12, 2026.", "citation": "AdvisorCensus. Menlo Equities (CRD 162139): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management", "Fixed fees (other than subscription fees)", "Performance-based fees", "Other" ], "advisory_activity_labels": [ "Portfolio management for pooled investment vehicles (other than investment companies)", "Portfolio management for businesses (other than small businesses) or institutional clients" ], "quick_answers": [ { "q": "How is Menlo Equities compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Menlo Equities reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); performance-based fees; other." }, { "q": "What does Menlo Equities' brochure say about its fees?", "a": "Its Form ADV Part 2A brochure dated March 31, 2026 states: Asset-based fee: 1.25% to 1.75% a year (a range, as the brochure states it). Fees can differ by service and may be negotiable; the brochure is the complete statement." }, { "q": "Where is Menlo Equities located?", "a": "Menlo Equities' principal office is in Menlo Park, CA, according to its Form ADV; the June 2026 filing also lists 2 other offices (Schedule D, Section 1.F)." }, { "q": "Is Menlo Equities registered with the SEC or a state?", "a": "Menlo Equities is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 162139." }, { "q": "How much does Menlo Equities manage?", "a": "Menlo Equities reports $4,694,941,710 in regulatory assets under management in its Form ADV filing dated May 12, 2026 (64% discretionary)." }, { "q": "How have Menlo Equities' assets and staff changed since 2021?", "a": "In the Form ADV data for Menlo Equities: Regulatory assets under management: $2,477,980,566 in the October 2021 data and $4,694,941,710 in the October 2026 data, up 89%. Total employees: 23 in October 2021 and 52 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Menlo Equities serve?", "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (9); corporations or other businesses not listed above (3)." }, { "q": "Does Menlo Equities 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/162139" }, { "q": "What changed in Menlo Equities' recent Form ADV filings?", "a": "In the April 2026 filing data: Employees performing advisory functions went from 17 to 16. Updated its list of owners and control persons (Schedule A)." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 2477980566.0, "total_employees": 23, "filing_date": "2021-03-31" }, { "period": "2022-10-01", "regulatory_assets_under_management": 3032627495.0, "total_employees": 27, "filing_date": "2022-03-31" }, { "period": "2023-10-01", "regulatory_assets_under_management": 3073806650.0, "total_employees": 30, "filing_date": "2023-05-02" }, { "period": "2024-10-01", "regulatory_assets_under_management": 3208475878.0, "total_employees": 41, "filing_date": "2024-03-26" }, { "period": "2025-10-01", "regulatory_assets_under_management": 4490869924.0, "total_employees": 42, "filing_date": "2025-04-10" }, { "period": "2026-10-01", "regulatory_assets_under_management": 4694941710.0, "total_employees": 52, "filing_date": "2026-05-12" } ], "recent_changes": [ { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Employees performing advisory functions went from 17 to 16.", "Updated its list of owners and control persons (Schedule A)." ] } ], "fees_from_brochure": { "source": "Form ADV Part 2A brochure dated March 31, 2026", "tiers": [], "flat_rate": null, "stated_range": "1.25% to 1.75% a year", "stated_maximum": null, "account_minimum": null, "account_minimum_may_be_waived": false, "minimum_annual_fee": null, "figures": [ { "label": "Asset-based fee", "statements": [ "Asset-based fee: 1.25% to 1.75% a year (a range, as the brochure states it)" ], "quotes": [ "The Management Fee for each closed end fund is equal to a percentage ranging from 1.25% to 1.75% of the capital outstanding of each Fund investor from the initial closing of the Fund through the end of the Fund’s investment period." ] } ], "quotes": [ "The Management Fee for each closed end fund is equal to a percentage ranging from 1.25% to 1.75% of the capital outstanding of each Fund investor from the initial closing of the Fund through the end of the Fund’s investment period." ], "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/menlo-equities-menlo-park-ca-162139.md", "clients": [ { "type": "pooled_investment_vehicles", "label": "Pooled investment vehicles (other than investment companies and business development companies)", "count": 9, "fewer_than_5": false, "raum": 3022985665.0 }, { "type": "corporations_other_businesses", "label": "Corporations or other businesses not listed above", "count": 3, "fewer_than_5": false, "raum": 1671956045.0 } ], "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/162139", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }