Material Impact Management, LLC

Boston, MA WWW.MATERIALIMPACT.COM Exempt reporting adviser

Material Impact Management, LLC reports 4 venture funds on Form ADV among 4 private funds, with $638M in gross private fund assets.

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Venture funds4of 4 private funds

Private fund assets$638MGross, Form ADV, September 2026

Funds on Form D5$789M reported raised

LPs on the record9Foundations and public plans

Reported raised, by the year each fund began raising

The numbers

Began raising	Raised
2020	$195M
2020	$205M
2022	$313M
2022	$76M

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
Material Impact Fund III, L.P.	2022	$325M	$313M	51	June 3, 2022
Material Impact Opportunity Fund I, L.P.	2022	$150M	$76M	18	March 1, 2024
Material Impact Fund II, L.P.	2020	$200M	$195M	44	June 1, 2020
Material Impact Fund II, L.P.	2020	$205M	$205M	4	July 23, 2020
Material Impact Fund I, L.P.	2016	$100M	—	—	November 9, 2016

LPs on the record

9 private foundations list on their latest IRS Form 990-PF Material Impact Management, LLC’s funds.

Surdna Foundation Inc Private foundation · 3 funds
The California Wellness Foundation Private foundation · 2 funds
William Caspar Graustein Memorial Fund Private foundation · 2 funds

6 more LPs are 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 Material Impact Management, LLC, relative to how many LPs each has. A peer set like this is what Find LPs ranks LPs from.

Equal Ventures 2 LPs in common
Seae Ventures, LLC 3 LPs in common
Matrix Partners 2 LPs in common
Bronze Investments, LLC 3 LPs in common
Obvious Ventures 4 LPs in common
Ulu Ventures Management Company, LLC 3 LPs in common

Find LPs for Material Impact Management, LLC and these firms: Hottub ranks the LPs that hold their funds, the ones still adding funds first.

Registration

Legal name: Material Impact Management, LLC
Status: Exempt reporting adviser since January 6, 2017
CRD number: 286487

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.