{
  "crd_number": 161558,
  "slug": "sapphire-ventures-lp-austin-tx-161558",
  "primary_business_name": "SAPPHIRE VENTURES, LP",
  "legal_name": "SAPPHIRE VENTURES, LP",
  "dbas": [
    "SAPPHIRE"
  ],
  "city": "Austin",
  "state": "TX",
  "country": "United States",
  "cbsa_code": "12420",
  "metro": {
    "cbsa_code": "12420",
    "common_name": "Austin",
    "msa_name": "Austin-Round Rock-San Marcos, TX",
    "path": "/advisors/tx/austin"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2012-06-29",
  "years_registered": 14,
  "period": "2026-10-01",
  "filing_date": "2026-07-30",
  "carried_forward": false,
  "raum_total": 10442887960.0,
  "raum_discretionary": 10442887960.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 72,
  "advisory_employees": 22,
  "client_count_bucket": null,
  "clients_by_type": {
    "pooled_investment_vehicles": {
      "raum": 10442887960.0,
      "count": 18
    }
  },
  "compensation_types": [
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "portfolio_management_pooled_vehicles",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CA",
    "TX"
  ],
  "websites": [
    "https://events.sapphireventures.com/hypergrowthsummit",
    "https://linkedin.com/COMPANY/SAPPHIREVC",
    "https://linkedin.com/company/sapphire-partners-lp?original_referer=",
    "https://openlp.com",
    "https://sapphireventures.com",
    "https://twitter.com/Open_LP",
    "https://x.com/SAPPHIREVC",
    "https://youtube.com/channel/UCU15ELvJ1AcdL-c_-n_JCjQ"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/161558",
  "city_as_filed": "AUSTIN",
  "url": "https://advisorcensus.com/firm/sapphire-ventures-lp-austin-tx-161558",
  "display_name": "Sapphire Ventures, LP",
  "summary": "Sapphire Ventures, LP is an SEC-registered investment advisory firm in Austin, TX, registered since 2012, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated July 30, 2026.",
  "citation": "AdvisorCensus. Sapphire Ventures, LP (CRD 161558): 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)",
    "Selection of other advisers (including private fund managers)"
  ],
  "quick_answers": [
    {
      "q": "How is Sapphire Ventures, LP compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Sapphire Ventures, LP reports these compensation arrangements: a percentage of assets under its management; performance-based fees."
    },
    {
      "q": "Where is Sapphire Ventures, LP located?",
      "a": "Sapphire Ventures, LP's principal office is in Austin, TX, according to its Form ADV; the August 2026 filing also lists 3 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Sapphire Ventures, LP registered with the SEC or a state?",
      "a": "Sapphire Ventures, LP is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 161558."
    },
    {
      "q": "How much does Sapphire Ventures, LP manage?",
      "a": "Sapphire Ventures, LP reports $10,442,887,960 in regulatory assets under management in its Form ADV filing dated July 30, 2026 (100% discretionary)."
    },
    {
      "q": "How have Sapphire Ventures, LP's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Sapphire Ventures, LP: Regulatory assets under management: $6,814,316,299 in the October 2021 data and $10,442,887,960 in the October 2026 data, up 53%. Total employees: 52 in October 2021 and 72 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Sapphire Ventures, LP serve?",
      "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (18)."
    },
    {
      "q": "Does Sapphire Ventures, LP 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/161558"
    },
    {
      "q": "What changed in Sapphire Ventures, LP's recent Form ADV filings?",
      "a": "In the August 2026 filing data: Changed its legal name from Sapphire Ventures, LLC to Sapphire Ventures, LP. Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 6814316299.0,
      "total_employees": 52,
      "filing_date": "2021-05-06"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 10285084856.0,
      "total_employees": 71,
      "filing_date": "2022-08-31"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 9969208815.0,
      "total_employees": 95,
      "filing_date": "2023-03-30"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 10775605970.0,
      "total_employees": 86,
      "filing_date": "2024-03-29"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 11339080933.0,
      "total_employees": 89,
      "filing_date": "2025-03-31"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 10442887960.0,
      "total_employees": 72,
      "filing_date": "2026-07-30"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-08-01",
      "period_label": "August 2026",
      "notes": [
        "Changed its legal name from Sapphire Ventures, LLC to Sapphire Ventures, LP.",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-05-01",
      "period_label": "May 2026",
      "notes": [
        "No longer lists the business name Sapphire Partners.",
        "Employees performing advisory functions went from 30 to 22.",
        "Regulatory assets under management went from $11,962,021,512 to $10,442,887,960 (-13%)."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "No longer lists the business name Sapphire Sport.",
        "Employees performing advisory functions went from 34 to 30."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [],
  "custodians_note": null,
  "markdown_url": "https://advisorcensus.com/firm/sapphire-ventures-lp-austin-tx-161558.md",
  "clients": [
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 18,
      "fewer_than_5": false,
      "raum": 10442887960.0
    }
  ],
  "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/161558",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}