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.