# Menlo Equities

> 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.

- CRD: 162139
- Filed as: MENLO EQUITIES
- Legal name: Menlo Equities V LLC
- Also doing business as: ME DIGITAL PARTNERS LP, MENLO EQUITIES VI LP, MENLO EQUITIES VII LP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Menlo Park, CA
- Filing period: October 2026
- Form ADV filing dated: May 12, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/162139
- AdvisorCensus page: https://advisorcensus.com/firm/menlo-equities-menlo-park-ca-162139

## Quick answers

**How is Menlo Equities compensated?**
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.

**What does Menlo Equities' brochure say about its fees?**
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.

**Where is Menlo Equities located?**
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).

**Is Menlo Equities registered with the SEC or a state?**
Menlo Equities is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 162139.

**How much does Menlo Equities manage?**
Menlo Equities reports $4,694,941,710 in regulatory assets under management in its Form ADV filing dated May 12, 2026 (64% discretionary).

**How have Menlo Equities' assets and staff changed since 2021?**
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.

**What types of clients does Menlo Equities serve?**
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).

**Does Menlo Equities 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/162139

**What changed in Menlo Equities' recent Form ADV filings?**
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).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)
- Performance-based fees
- Other

### Fees and minimums (Form ADV Part 2A brochure dated March 31, 2026)

- Asset-based fee: 1.25% to 1.75% a year (a range, as the brochure states it)

> 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.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Regulatory assets under management (Item 5.F)
- Total: $4,694,941,710
- Discretionary: $3,022,985,665
- Non-discretionary: $1,671,956,045

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 9 | $3,022,985,665 |
| Corporations or other businesses not listed above | 3 | $1,671,956,045 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2012 (14 years)
- Employees: 52 total, 16 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.

### Other offices (Schedule D, Section 1.F), as of the June 2026 filing
- Austin, TX
- Newport Beach, CA

### Websites listed on Form ADV (Item 1.I)
- menloequities.com
- LinkedIn @MENLO-EQUITIES

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $2,477,980,566 | 23 | March 31, 2021 |
| October 2022 | $3,032,627,495 | 27 | March 31, 2022 |
| October 2023 | $3,073,806,650 | 30 | May 2, 2023 |
| October 2024 | $3,208,475,878 | 41 | March 26, 2024 |
| October 2025 | $4,490,869,924 | 42 | April 10, 2025 |
| October 2026 | $4,694,941,710 | 52 | May 12, 2026 |

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.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 17 to 16.
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Menlo Equities (CRD 162139): Form ADV filing data as of October 2026.