137 Ventures Management, LLC

137 Ventures Management, LLC is a venture capital and private equity firm established in June 2011. The firm primarily invests in technology companies in the United States through private investment funds. As of December 31, 2024, the firm manages approximately $5.6 billion in regulatory assets under management on a discretionary basis. 137 Ventures charges management fees between 0% and 2.5% of each investor's capital commitment, with performance-based fees for realized profits. The firm does not participate in wrap fee programs and may negotiate fees based on the fund. Investment discretion is granted to 137 Ventures to select and manage portfolio companies without consultation with the fund or its investors. The firm's investment strategies include direct and indirect investments in technology companies, structured secondary transactions, and co-investment opportunities. 137 Ventures sources investment opportunities through its network and relationships with founders, executives, and investors. The firm evaluates investments based on revenue growth, capitalization structure, management quality, and other growth drivers. Risks associated with investments include venture capital risks, dependence on private company performance, operational and financing risks, and market disruptions. 137 Ventures does not receive soft dollar benefits, and its brokerage practices prioritize factors like price, execution quality, expertise, and reliability. The firm may aggregate trading for multiple client accounts and engage placement agents for fund solicitation. The firm's custody practices comply with regulatory requirements, and it has discretion over voting client securities. 137 Ventures maintains financial stability and has not been subject to bankruptcy petitions. The firm's financial condition does not impair its ability to meet contractual commitments to clients.