Rizvi Traverse’s Business
Rizvi Traverse is a limited liability company formed in Delaware in September 2004. The
Company is equally owned by Rizvi Interest, Inc. and Traverse Capital Partners LLC, which in
turn are wholly owned by Messrs. Suhail Rizvi and John Giampetroni, respectively (the
“Principals”). The following Delaware limited liability companies are controlled by or under
common control with Rizvi Traverse Management LLC and provide advisory services to certain
“Funds” and “SPVs” (as defined below) as relying advisers of Rizvi Traverse Management LLC:
Rizvi Traverse Management II LLC, Rizvi Traverse Management III, LLC, Rizvi Traverse GP II,
LLC, Rizvi Traverse GP III, LLC, RTLC Management, LLC, RTLC Management VI, LLC, Rizvi
Traverse CI GP, LLC, Rizvi Traverse CI Manager, LLC, Rizvi Traverse CI Holder, LLC, RTM-
ICON, LLC and RT-SQ Management, LLC (the “Relying Advisers”).
The terms “Rizvi Traverse” and the “Company” are used in this Brochure to refer to Rizvi Traverse
Management LLC and its Relying Advisers.
Rizvi Traverse provides discretionary investment advisory services to private equity funds (the
“Funds”), a fund-of-funds (the “Fund-of-Funds”) and various special purpose vehicles (“SPVs”
and, collectively with the Funds and Fund-of-Funds, “Clients”), with a focus on value-oriented
investments in opportunistic situations, venture capital investments in privately held seed, early-
stage and growth-oriented companies
and investments in venture capital funds. The Company
provides advice to Clients based on the investment objectives and strategies outlined in each
Client’s partnership or operating agreement. The Company also provides certain non-investment-
related management and operational services for the Clients and their general partners or
managers, which services include legal and compliance and certain fund or SPV administration
services (e.g., bookkeeping, tax, accounting, audit and certain investor reporting services).
Investment advice is not provided to the investors (e.g., limited partners or members) in the Clients
(“Investors”). Investors should carefully review the applicable Client’s relevant organizational
documents, including the limited partnership agreement or operating agreement, investment
management agreement, private placement memorandum, subscription agreements or similar
documents, as applicable (each, a “Client Document” and collectively, the “Client Documents”)
before making an investment, as the terms set forth therein will govern the applicable Client.
Rizvi Traverse does not participate in wrap fee programs.
Regulatory Assets Under Management
As of December 31, 2023, Rizvi Traverse managed $294,571,753 in assets on a discretionary basis
and $0 on a non-discretionary basis (and therefore the amount of its regulatory assets under
management (“RAUM”) as of December 31, 2023 was $294,571,753).