Shrug, LLC

shrug.vc Exempt reporting adviser

Emerging manager

Shrug, LLC reports 11 venture funds on Form ADV among 11 private funds, with $142M in gross private fund assets.

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Venture funds11of 11 private funds

Private fund assets$142MGross, Form ADV, September 2026

Funds on Form D4$21M reported raised

LPs on the record1Foundations 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.

Fund	Began raising	Target	Raised	Investors	Latest filing
Shrug III, LP	2021	$25M	$21M	100	March 24, 2021
Shrug IV, L.P.	2021	$50M	—	—	November 15, 2021
Shrug III, L.P.	2020	$15M	—	—	October 29, 2020
Shrug II, L.P.	2019	$10M	—	—	January 22, 2019

LPs on the record

1 private foundation lists on their latest IRS Form 990-PF Shrug, LLC’s funds.

The Poses Family Foundation Private foundation · 1 fund

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Registration

Legal name: Shrug, LLC
Status: Exempt reporting adviser since September 14, 2021
CRD number: 313323

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.