9AT: LIGHTSPEED FACTION

other names

LIGHTSPEED FACTION
FACTION VENTURES, LLC

Adviser Profile

As of Date	05/12/2025
ADV Location	PALO ALTO, CA, United States
Adviser Type - Large advisory firm
Number of Employees	7
of those in investment advisory functions	6
Registration	SEC, Approved, 09/29/2022

AUM^*	465,673,719 61%
of that, discretionary	465,673,719 61%
Private Fund GAV^*	352,702,919
Avg Account Size	116,418,430 -19%
SMA’s	No
Private Funds	6 4
Contact Info	408 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	Count4	GAV$352,702,919
Fund TypeVenture Capital Fund	Count2	GAV$

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 SCHECHTER PRIVATE CAPITAL, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund389.5m	Other Fund-	Total Private Fund GAV779.0m	AUM304.4m	#Funds49
Adviser STEELHEAD CAPITAL MANAGEMENT, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund225.3m	Other Fund-	Total Private Fund GAV450.5m	AUM225.3m	#Funds21
Adviser CSC UPSHOT VENTURES MANAGEMENT, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund233.4m	Other Fund-	Total Private Fund GAV466.9m	AUM236.9m	#Funds1
Adviser OSPRAIE MANAGEMENT, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund806.4m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund140.8m	Other Fund21.8m	Total Private Fund GAV1.1b	AUM1.3b	#Funds5
Adviser COTTONWOOD WEALTH STRATEGIES, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund28.1m	Other Fund-	Total Private Fund GAV56.2m	AUM306.3m	#Funds3
Adviser NEXT WORLD CAPITAL LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund212.4m	Other Fund-	Total Private Fund GAV424.8m	AUM212.4m	#Funds2
Adviser FULL IN PARTNERS	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund299.6m	Other Fund-	Total Private Fund GAV599.2m	AUM299.6m	#Funds10
Adviser ARCHER CAPITAL GROUP MANAGEMENT, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund262.0m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund478.1m	Other Fund-	Total Private Fund GAV1.2b	AUM285.6m	#Funds13
Adviser OT MANAGEMENT, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund257.9m	Other Fund85.8m	Total Private Fund GAV601.6m	AUM211.2m	#Funds68
Adviser SEARCH FUND ACCELERATOR, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund10.4m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund265.2m	Other Fund-	Total Private Fund GAV540.8m	AUM275.6m	#Funds8

Brochure Summary

Overview

A. Description of the Advisory Firm Faction Ventures, LLC (“Faction” or the “Firm”) a Delaware limited liability company, was formed in 2021. The Firm manages venture capital funds which will seek to generate long-term capital appreciation through venture capital and token investments in early-stage companies that are active in the blockchain and cryptocurrency space. The Firm is principally owned by Samuel Harrison and Lightspeed Venture Partners. B. Types of Advisory Services Faction serves as an investment advisor to venture capital oriented pooled investment vehicles (the “Funds”). The Funds are subject to the investment objectives, terms and conditions outlined in its offering documents, which include but are not limited to subscription agreements, limited partnership/operating agreements, and investment management agreements (collectively the “Governing Documents”).

While Faction focuses on the strategies discussed throughout the Brochure, the Firm does not necessarily limit the types of investments which it advises. C. Client Tailored Services and Client Imposed Restrictions To the extent outlined in the Governing Documents, Faction tailors its investment advisory services to be consistent with the Funds investment strategy, return profile, concentration limits, time horizon, liquidity mandates and other related objectives, as defined therein. Underlying investors may not impose restrictions on investing in certain securities or types of securities. D. Wrap Fee Programs Faction does not participate as a sponsor of or a portfolio manager to any wrap fee programs. E. Amounts Under Management As of December 31, 2023, Faction manages regulatory assets under management of $288,918,289 on a discretionary basis.

LIGHTSPEED FACTION

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