137 VENTURES MANAGEMENT, LLC

other names
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Adviser Profile
As of Date 03/28/2024
Adviser Type - Large advisory firm
Number of Employees 21
of those in investment advisory functions 10
Registration SEC, Approved, 06/30/2015
Other registrations (2)
AUM* 3,558,391,339 20.96%
of that, discretionary 3,558,391,339 20.96%
Private Fund GAV* 3,613,614,916 4.21%
Avg Account Size 114,786,817 13.16%
SMA’s No
Private Funds 31 2
Contact Info 415 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
3B 3B 2B 2B 1B 841M 420M
2015 2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypePrivate Equity Fund Count22 GAV$2,210,118,622
Fund TypeVenture Capital Fund Count9 GAV$1,403,496,294

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Brochure Summary

Overview

A. Description of the Advisory Firm 137 Ventures (“137 Ventures” or the “Firm”) is a Delaware limited liability company formed in June 2011. Its principal owners are Justin Fishner-Wolfson and Stuart Alexander Jacobson. B. Types of Advisory Services 137 Ventures serves as investment adviser to certain private investment funds, which are organized as Delaware limited partnerships or limited liability companies (each a “Fund” and collectively the “Funds”). Affiliates of 137 Ventures serve as the General Partner or Managing Member, as applicable, of the Funds. 137 Ventures may decide in the future to sponsor or manage additional private investment funds or other clients. Additionally, 137 Ventures establishes certain additional funds or corporate entities to address particular legal, regulatory, tax, or similar considerations. 137 Ventures is a venture capital and private equity firm. It invests directly and indirectly in technology companies (see Item 8B below) primarily in the United States, in accordance with the strategy described in each Fund’s offering memorandum, limited partnership or limited liability company operating agreement, and subscription documents (“Governing Documents”). 137 Ventures and certain of its affiliates have offered co-investment opportunities
(directly and indirectly) to existing investors, employees, and outside parties pursuant to the terms of the applicable Governing Document and the Firm’s allocation policy. The Funds offer limited partnership or membership interests, as applicable (“Interests”) to certain qualified investors as described in response to Item 7, below (such investors are referred to herein as “Investors”). C. Client Tailored Services and Client Imposed Restrictions Advisory services are tailored to achieve each Fund’s investment objectives. 137 Ventures has the authority to select which and how many portfolio companies to invest in and determine exit strategies without consultation with the Fund or its Investors. 137 Ventures and its affiliates have entered into side letter arrangements with certain Investors, which are negotiated prior to investment and may establish rights that supplement or alter the terms of the applicable Governing Documents. D. Wrap Fee Programs 137 Ventures does not participate in wrap fee programs. E. Amounts Under Management As of December 31, 2023, 137 Ventures has approximately $3.5 billion of regulatory assets under management on a discretionary basis. The Firm does not manage assets on a non- discretionary basis.