{ "crd_number": 316856, "slug": "sylebra-capital-llc-palo-alto-ca-316856", "primary_business_name": "SYLEBRA CAPITAL LLC", "legal_name": "SYLEBRA CAPITAL LLC", "dbas": [], "city": "Palo Alto", "state": "CA", "country": "United States", "cbsa_code": "41940", "metro": { "cbsa_code": "41940", "common_name": "San Jose", "msa_name": "San Jose-Sunnyvale-Santa Clara, CA", "path": "/advisors/ca/san-jose" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2022-04-12", "years_registered": 4, "period": "2026-10-01", "filing_date": "2026-03-28", "carried_forward": false, "raum_total": 2900778000.0, "raum_discretionary": 2900778000.0, "raum_non_discretionary": 0.0, "raum_band": "1b_5b", "raum_band_label": "$1 billion to $5 billion", "total_employees": 8, "advisory_employees": 4, "client_count_bucket": null, "clients_by_type": { "pooled_investment_vehicles": { "raum": 2900778000.0, "count": 6 } }, "compensation_types": [ "percentage_of_aum", "performance_based" ], "advisory_activities": [ "portfolio_management_pooled_vehicles" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [], "websites": [ "https://sylebra.com", "https://x.com/SylebraCapital", "https://x.com/_dpgibson" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/316856", "city_as_filed": "PALO ALTO", "url": "https://advisorcensus.com/firm/sylebra-capital-llc-palo-alto-ca-316856", "display_name": "Sylebra Capital LLC", "summary": "Sylebra Capital LLC is an SEC-registered investment advisory firm in Palo Alto, CA, registered since 2022, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 28, 2026.", "citation": "AdvisorCensus. Sylebra Capital LLC (CRD 316856): 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)" ], "quick_answers": [ { "q": "How is Sylebra Capital LLC compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Sylebra Capital LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees." }, { "q": "Where is Sylebra Capital LLC located?", "a": "Sylebra Capital LLC's principal office is in Palo Alto, CA, according to its Form ADV." }, { "q": "Is Sylebra Capital LLC registered with the SEC or a state?", "a": "Sylebra Capital LLC is an SEC-registered investment advisory firm, registered since 2022. Status as filed: Approved. CRD 316856." }, { "q": "How much does Sylebra Capital LLC manage?", "a": "Sylebra Capital LLC reports $2,900,778,000 in regulatory assets under management in its Form ADV filing dated March 28, 2026 (100% discretionary)." }, { "q": "How have Sylebra Capital LLC's assets and staff changed since 2022?", "a": "In the Form ADV data for Sylebra Capital LLC: Regulatory assets under management: $8,481,732,000 in the October 2022 data and $2,900,778,000 in the October 2026 data, down 66%. Total employees: 4 in October 2022 and 8 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Sylebra Capital LLC serve?", "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (6)." }, { "q": "Does Sylebra Capital LLC 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/316856" }, { "q": "What changed in Sylebra Capital LLC's recent Form ADV filings?", "a": "In the April 2026 filing data: Employees performing advisory functions went from 5 to 4. Regulatory assets under management went from $4,675,286,000 to $2,900,778,000 (-38%)." } ], "filing_history": [ { "period": "2022-10-01", "regulatory_assets_under_management": 8481732000.0, "total_employees": 4, "filing_date": "2022-05-11" }, { "period": "2023-10-01", "regulatory_assets_under_management": 8880653000.0, "total_employees": 6, "filing_date": "2023-05-23" }, { "period": "2024-10-01", "regulatory_assets_under_management": 6374960000.0, "total_employees": 8, "filing_date": "2024-03-26" }, { "period": "2025-10-01", "regulatory_assets_under_management": 4675286000.0, "total_employees": 10, "filing_date": "2025-03-31" }, { "period": "2026-10-01", "regulatory_assets_under_management": 2900778000.0, "total_employees": 8, "filing_date": "2026-03-28" } ], "recent_changes": [ { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Employees performing advisory functions went from 5 to 4.", "Regulatory assets under management went from $4,675,286,000 to $2,900,778,000 (-38%)." ] } ], "fees_from_brochure": null, "custodians": [], "custodians_note": null, "markdown_url": "https://advisorcensus.com/firm/sylebra-capital-llc-palo-alto-ca-316856.md", "clients": [ { "type": "pooled_investment_vehicles", "label": "Pooled investment vehicles (other than investment companies and business development companies)", "count": 6, "fewer_than_5": false, "raum": 2900778000.0 } ], "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/316856", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }