Supply Change Capital Management LLC

Exempt reporting adviser

Emerging manager

Supply Change Capital Management LLC reports 3 venture funds on Form ADV among 3 private funds, with $53M in gross private fund assets.

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Venture funds3of 3 private funds

Private fund assets$53MGross, Form ADV, September 2026

Funds on Form D1$22M 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
Supply Change Capital Fund II LP	2024	Not stated	$22M	18	November 25, 2025

LPs on the record

1 LP reports holding Supply Change Capital Management LLC’s funds.

Illinois Growth and Innovation Fund (Illinois State Treasurer) Government fund of funds · 1 fund

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Registration

Legal name: Supply Change Capital Management LLC
Status: Exempt reporting adviser since September 17, 2021
CRD number: 315172

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.