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Activate Capital Partners

Activate Capital Management, LP

San Francisco, CA Exempt reporting adviser

Activate Capital Partners reports 6 venture funds on Form ADV among 6 private funds, with $1.1B in gross private fund assets.

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Venture funds6of 6 private funds
Private fund assets$1.1BGross, Form ADV, September 2026
Funds on Form D3$186M reported raised
LPs on the record4Foundations and public plans

Funds on Form D

Venture funds whose Form D filings carry this adviser’s name, matched by name. Amounts are what each fund last reported to the SEC.

FundBegan raisingTargetRaisedInvestorsLatest filing
Activate Capital Partners III, LP2024$500M$186M24October 1, 2025
Activate Capital Partners II, LP2021$300M——October 21, 2021
Activate Capital Partners, L.P.2018$300M——January 12, 2018

Track record

A score of 52 out of 100 from its one fund public LPs report, in the top half of its vintage. Its ranked funds’ median TVPI is 1.30x and median DPI 0.12x. Pooled where reports give cash flows: 1.30x TVPI, 0.12x DPI. That ranks it 60th of 123 managers with a score.

Each fund once, as the latest of 2 LPs’ reports ranks it by TVPI against funds of the same vintage in those reports; 50 is the median fund, and a short record is pulled toward 50. The full record in LP Intelligence, with each fund’s rank and what usually follows a fund like its latest, or every manager’s.

LPs on the record

2 private foundations list on their latest IRS Form 990-PF, and 2 other LPs report holding Activate Capital Partners’s funds.

One more LP is in the app. Find LPs that back firms like this one in Hottub’s LP Intelligence: ranked by overlap, with what each holds and how to reach it.

Firms whose LPs overlap

The firms sharing the most LPs on record with Activate Capital Partners, relative to how many LPs each has. A peer set like this is what Find LPs ranks LPs from.

Find LPs for Activate Capital Partners and these firms: Hottub ranks the LPs that hold their funds, the ones still adding funds first.

Registration

Legal name
Activate Capital Management, LP
Status
Exempt reporting adviser since January 7, 2020
CRD number
307073

Full Form ADV on the SEC’s Investment Adviser Public Disclosure site

About this data

Registered and exempt reporting advisers that report managing at least one venture capital fund on Form ADV, with the number of private funds and their gross assets as each adviser reports them. Advisers whose business name reads as an individual's are left out. From the roster published for September 2026. Source. Benchmarks for funds like these are in Raise benchmarks.

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