9AT: 137 VENTURES MANAGEMENT, LLC

other names

137 VENTURES MANAGEMENT, LLC
137 VENTURES MANAGEMENT LLC

Adviser Profile

As of Date	05/30/2025
ADV Location	SAN FRANCISCO, CA, United States
Adviser Type - Large advisory firm
Number of Employees	20 -5%
of those in investment advisory functions	8 -20%
Registration	SEC, Approved, 06/30/2015
Other registrations (2)	SEC, ERA - Withdrawn, 06/15/2015 California, ERA - Withdrawn, 06/15/2015

AUM^*	5,630,576,103 91%
of that, discretionary	5,630,576,103 91%
Private Fund GAV^*	5,807,718,945 58%
Avg Account Size	152,177,733 50%
SMA’s	No
Private Funds	56 25
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

Fund Type	Count	GAV
Fund TypePrivate Equity Fund	Count45	GAV$3,416,988,521
Fund TypeVenture Capital Fund	Count11	GAV$2,390,730,424

Adviser	Hedge Fund	Liquidity Fund	Private Equity Fund	Real Estate Fund	Securitized Asset Fund	Venture Capital Fund	Other Fund	Total Private Fund GAV	AUM	#Funds
Adviser TCV	Hedge Fund-	Liquidity Fund-	Private Equity Fund20.1b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV20.1b	AUM20.1b	#Funds40
Adviser FRANKLIN PARK	Hedge Fund-	Liquidity Fund-	Private Equity Fund4.5b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund1.4b	Other Fund-	Total Private Fund GAV7.3b	AUM9.2b	#Funds54
Adviser FRAZIER LIFE SCIENCES MANAGEMENT, LP	Hedge Fund1.6b	Liquidity Fund-	Private Equity Fund879.3m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund2.2b	Other Fund-	Total Private Fund GAV6.8b	AUM4.3b	#Funds12
Adviser HOLLENCREST CAPITAL MANAGEMENT	Hedge Fund-	Liquidity Fund-	Private Equity Fund74.4m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund6.6m	Other Fund-	Total Private Fund GAV87.6m	AUM2.7b	#Funds3
Adviser MORGENTHALER MANAGEMENT CORPORATION	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM106.7m	#Funds-
Adviser L2 POINT MANAGEMENT LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund272.6m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund47.6m	Other Fund-	Total Private Fund GAV367.7m	AUM589.5m	#Funds5
Adviser FOREBRIGHT CAPITAL MANAGEMENT LIMITED	Hedge Fund-	Liquidity Fund-	Private Equity Fund1.5b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund42.0m	Other Fund-	Total Private Fund GAV1.6b	AUM-	#Funds5
Adviser PING AN OF CHINA ASSET MANAGEMENT (HONG KONG) COMPANY LIMITED	Hedge Fund-	Liquidity Fund-	Private Equity Fund1.4b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV1.4b	AUM-	#Funds3
Adviser XPV WATER PARTNERS INC.	Hedge Fund-	Liquidity Fund-	Private Equity Fund967.8m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund18.2m	Other Fund-	Total Private Fund GAV1.0b	AUM-	#Funds6
Adviser K1 INVESTMENT MANAGEMENT LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund20.5b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund1.3b	Other Fund-	Total Private Fund GAV23.0b	AUM19.7b	#Funds24

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.

137 VENTURES MANAGEMENT, LLC

Adviser Profile

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