Construct Capital
Construct Capital Management, LLC
Washington, DC constructcap.com Exempt reporting adviser
Construct Capital reports 8 venture funds on Form ADV among 8 private funds, with $895M in gross private fund assets.
The numbers
| Began raising | Raised |
|---|---|
| 2022 | $220M |
| 2025 | $300M |
| 2026 | $150M |
Updates from Construct Capital
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.
| Fund | Began raising | Target | Raised | Investors | Latest filing |
|---|---|---|---|---|---|
| Construct Capital Select Fund II, L.P. | 2026 | $150M | $150M | 26 | August 5, 2026 |
| Construct Capital III Operators Fund, L.P. | 2025 | $5M | — | — | May 6, 2025 |
| Construct Capital III, L.P. | 2025 | $300M | $300M | 58 | March 31, 2025 |
| Construct Capital II Operators Fund, L.P. | 2022 | $5M | — | — | March 30, 2022 |
| Construct Capital II, L.P. | 2022 | $220M | $220M | 57 | March 31, 2022 |
| Construct Capital Select Fund I, L.P. | 2021 | Not stated | — | — | December 21, 2021 |
| Construct Capital I, L.P. | 2020 | Not stated | — | — | July 6, 2020 |
LPs on the record
2 private foundations list on their latest IRS Form 990-PF Construct Capital’s funds.
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.
Registration
- Legal name
- Construct Capital Management, LLC
- Status
- Exempt reporting adviser since October 12, 2020
- CRD number
- 310594
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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