# Sylebra Capital LLC

> 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.

- CRD: 316856
- Filed as: SYLEBRA CAPITAL LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Palo Alto, CA
- Filing period: October 2026
- Form ADV filing dated: March 28, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/316856
- AdvisorCensus page: https://advisorcensus.com/firm/sylebra-capital-llc-palo-alto-ca-316856

## Quick answers

**How is Sylebra Capital LLC compensated?**
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. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Sylebra Capital LLC located?**
Sylebra Capital LLC's principal office is in Palo Alto, CA, according to its Form ADV.

**Is Sylebra Capital LLC registered with the SEC or a state?**
Sylebra Capital LLC is an SEC-registered investment advisory firm, registered since 2022. Status as filed: Approved. CRD 316856.

**How much does Sylebra Capital LLC manage?**
Sylebra Capital LLC reports $2,900,778,000 in regulatory assets under management in its Form ADV filing dated March 28, 2026 (100% discretionary).

**How have Sylebra Capital LLC's assets and staff changed since 2022?**
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.

**What types of clients does Sylebra Capital LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (6).

**Does Sylebra Capital LLC 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/316856

**What changed in Sylebra Capital LLC's recent Form ADV filings?**
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%).

## 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: $2,900,778,000
- Discretionary: $2,900,778,000
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 6 | $2,900,778,000 |

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

### Firm details
- Registered since: 2022 (4 years)
- Employees: 8 total, 4 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)
- sylebra.com
- X @SylebraCapital
- X @_dpgibson

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2022 | $8,481,732,000 | 4 | May 11, 2022 |
| October 2023 | $8,880,653,000 | 6 | May 23, 2023 |
| October 2024 | $6,374,960,000 | 8 | March 26, 2024 |
| October 2025 | $4,675,286,000 | 10 | March 31, 2025 |
| October 2026 | $2,900,778,000 | 8 | March 28, 2026 |

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.

## Changes in the filing (last 12 months)

### April 2026
- 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%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Sylebra Capital LLC (CRD 316856): Form ADV filing data as of October 2026.