# Vector Capital Management, L.P.

> Vector Capital Management, L.P. is an SEC-registered investment advisory firm in San Francisco, CA, registered since 2014, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated June 24, 2026.

- CRD: 171172
- Filed as: VECTOR CAPITAL MANAGEMENT, L.P.
- Also doing business as: VCP CREDIT, LLC, VECTOR CAPITAL PARTNERS II/III EXTENSION, L.P., VECTOR CAPITAL PARTNERS III, L.P., VECTOR CAPITAL PARTNERS IV, L.P., VECTOR CAPITAL PARTNERS V, L.P., VECTOR CAPITAL PARTNERS VI, L.P., VECTOR PANTHEON PARTNERS, L.P., VECTOR VELOCITY FUND PARTNERS. L.P.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: San Francisco, CA
- Filing period: October 2026
- Form ADV filing dated: June 24, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/171172
- AdvisorCensus page: https://advisorcensus.com/firm/vector-capital-management-l-p-san-francisco-ca-171172

## Quick answers

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

**Where is Vector Capital Management, L.P. located?**
Vector Capital Management, L.P.'s principal office is in San Francisco, CA, according to its Form ADV; the July 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Vector Capital Management, L.P. registered with the SEC or a state?**
Vector Capital Management, L.P. is an SEC-registered investment advisory firm, registered since 2014. Status as filed: Approved. CRD 171172.

**How much does Vector Capital Management, L.P. manage?**
Vector Capital Management, L.P. reports $3,751,000,000 in regulatory assets under management in its Form ADV filing dated June 24, 2026 (100% discretionary).

**How have Vector Capital Management, L.P.'s assets and staff changed since 2021?**
In the Form ADV data for Vector Capital Management, L.P.: Regulatory assets under management: $3,513,363,374 in the October 2021 data and $3,751,000,000 in the October 2026 data, up 7%. Total employees: 50 in October 2021 and 51 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Vector Capital Management, L.P. serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (9).

**Does Vector Capital Management, L.P. 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/171172

**What changed in Vector Capital Management, L.P.'s recent Form ADV filings?**
In the July 2026 filing data: 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
- Performance-based fees
- Other

### Regulatory assets under management (Item 5.F)
- Total: $3,751,000,000
- Discretionary: $3,751,000,000
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | Not reported |
| High net worth individuals | 0 | Not reported |
| Banking or thrift institutions | 0 | Not reported |
| Pooled investment vehicles (other than investment companies and business development companies) | 9 | $3,751,000,000 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | Not reported |
| Charitable organizations | 0 | Not reported |
| State or municipal government entities (including government pension plans) | 0 | Not reported |
| Other investment advisers | 0 | Not reported |
| Insurance companies | 0 | Not reported |
| Sovereign wealth funds and foreign official institutions | 0 | Not reported |
| Corporations or other businesses not listed above | 0 | Not reported |
| Other | 0 | Not reported |

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

### Firm details
- Registered since: 2014 (12 years)
- Employees: 51 total, 32 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 July 2026 filing
- Orinda, CA

### Websites listed on Form ADV (Item 1.I)
- vectorcapital.com
- LinkedIn @vector-capital
- X @capital_vector

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $3,513,363,374 | 50 | March 31, 2021 |
| October 2022 | $4,338,319,837 | 50 | March 30, 2022 |
| October 2023 | $4,750,000,558 | 47 | July 12, 2023 |
| October 2024 | $4,069,000,000 | 48 | July 1, 2024 |
| October 2025 | $4,221,000,000 | 51 | March 26, 2025 |
| October 2026 | $3,751,000,000 | 51 | June 24, 2026 |

Regulatory assets under management: $3,513,363,374 in the October 2021 data and $3,751,000,000 in the October 2026 data, up 7%.
Total employees: 50 in October 2021 and 51 in October 2026.

## Changes in the filing (last 12 months)

### July 2026
- Updated its list of owners and control persons (Schedule A).

### April 2026
- No longer lists the business name Vector Capital Partners Special Situations. L.P..
- No longer lists the business name VCP Credit, L.P..
- No longer lists the business name Vector Capital.
- Added the business name Vector Velocity Fund Partners. L.P..
- Added the business name Vector Pantheon Partners, L.P..
- Regulatory assets under management went from $4,221,000,000 to $3,751,000,000 (-11%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Vector Capital Management, L.P. (CRD 171172): Form ADV filing data as of October 2026.