Overview
A.DescriptionoftheAdvisoryFirm
TheFirmisaventurecapitalfirm,aDelawarelimitedliabilitycompany,formedin2017.TheFirmis
headquarteredinSanFrancisco,CA.
B.TypesofAdvisoryServices
TheFirmservesasaninvestmentadvisortoventurecapitalorientedpooledinvestmentvehicles
(eacha“Fund”andcollectivelythe“Funds”).AffiliatesoftheFirmserveastheGeneralPartneror
Manager,asapplicable,oftheFunds.TheFirmmayalsodecideinthefuturetosponsorormanage
additionalprivateinvestmentfundsorotherclients.
TheFirmmakesinvestmentsinequityandequity-orientedsecuritiesinprivatelyheldcompanies.
The Firm also makes investments in pooled investment vehicles that have a similar investment
focus.TheFirmmaymakedirectco-investmentsinprivatecompanieswhosesecuritiesarealsoheld
by pooled investmentvehicles in which the Firm has invested. The Firm aims to work with its
portfoliocompaniestohelpthembuildtheircompanyandaccelerategrowth.Investmentsaremade
inaccordancewiththestrategydescribedineachFund’sofferingmemorandum,limitedpartnership
agreement or limited
liability company operating agreement (as applicable), and subscription
documents(collectively,the“GoverningDocuments”).
TheFundsofferlimitedpartnershipormembershipinterests,asapplicable(“Interests”)tocertain
qualifiedinvestorsasdescribedinresponsetoItem7,below(suchinvestorsarereferredtoherein
as“Investors”).
TheFirmalsoprovidessub-advisoryservicestofundsmanagedbyotherinvestmentadvisers.
C.ClientTailoredServicesandClientImposedRestrictions
Advisory services are tailored to achieve each Fund’s investment objectives. The Firm has the
authority to select which and how many portfolio companies to invest in and determine exit
strategies,subjecttoanyrestrictionsasoutlinedintheapplicableFund’sGoverningDocuments.
D.WrapFeePrograms
TheFirmdoesnotparticipateinwrapfeeprograms.
E.AmountsUnderManagement
AsofDecember31,2023,theFirmmanagesapproximately$552,409,729inregulatoryassetsunder
management,ofwhich$551,936,481millionisonadiscretionarybasisand$473,248isonanon-
discretionarybasis.