# Reciprocal Venture Management, L.L.C.

> Reciprocal Venture Management, L.L.C. is an SEC-registered investment advisory firm in New York, NY, registered since 2022, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 27, 2026.

- CRD: 288520
- Filed as: RECIPROCAL VENTURE MANAGEMENT, L.L.C.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: March 27, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/288520
- AdvisorCensus page: https://advisorcensus.com/firm/reciprocal-venture-management-l-l-c-new-york-ny-288520

## Quick answers

**How is Reciprocal Venture Management, L.L.C. compensated?**
On its Form ADV (Item 5.E, October 2026), Reciprocal Venture Management, L.L.C. reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Reciprocal Venture Management, L.L.C. located?**
Reciprocal Venture Management, L.L.C.'s principal office is in New York, NY, according to its Form ADV.

**Is Reciprocal Venture Management, L.L.C. registered with the SEC or a state?**
Reciprocal Venture Management, L.L.C. is an SEC-registered investment advisory firm, registered since 2022. Status as filed: Approved. CRD 288520.

**How much does Reciprocal Venture Management, L.L.C. manage?**
Reciprocal Venture Management, L.L.C. reports $196,926,863 in regulatory assets under management in its Form ADV filing dated March 27, 2026 (100% discretionary).

**How have Reciprocal Venture Management, L.L.C.'s assets and staff changed since 2021?**
In the Form ADV data for Reciprocal Venture Management, L.L.C.: Regulatory assets under management: $132,573,367 in the October 2023 data and $196,926,863 in the October 2026 data, up 49%. Total employees: 7 in October 2023 and 5 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Reciprocal Venture Management, L.L.C. serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (10).

**Does Reciprocal Venture Management, L.L.C. 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/288520

**What changed in Reciprocal Venture Management, L.L.C.'s recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 4 to 3.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Regulatory assets under management (Item 5.F)
- Total: $196,926,863
- Discretionary: $196,926,863
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 10 | $196,926,863 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 2022 (3 years)
- Employees: 5 total, 3 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [recvc.com](https://recvc.com)
- [scalingup.substack.com/about](https://scalingup.substack.com/about)
- LinkedIn @reciprocal-ventures
- X @recvcx

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | Not reported | Not reported | March 29, 2021 |
| October 2023 | $132,573,367 | 7 | March 23, 2023 |
| October 2024 | $139,829,810 | 7 | March 28, 2024 |
| October 2025 | $201,135,352 | 6 | March 27, 2025 |
| October 2026 | $196,926,863 | 5 | March 27, 2026 |

Regulatory assets under management: $132,573,367 in the October 2023 data and $196,926,863 in the October 2026 data, up 49%.
Total employees: 7 in October 2023 and 5 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 4 to 3.

### December 2025
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Reciprocal Venture Management, L.L.C. (CRD 288520): Form ADV filing data as of October 2026.