Transformation Capital
Transformation Capital Partners, L.P.
Boston, MA transformcap.com Exempt reporting adviser
Transformation Capital reports 10 venture funds on Form ADV among 10 private funds, with $3.1B in gross private fund assets.
The numbers
| Began raising | Raised |
|---|---|
| 2019 | $500M |
| 2022 | $19M |
Updates from Transformation 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 |
|---|---|---|---|---|---|
| Transformation Capital Executive Fund IV, L.P. | 2026 | Not stated | — | — | September 30, 2026 |
| Transformation Capital Fund IV, L.P. | 2025 | Not stated | — | — | August 13, 2025 |
| Transformation Capital Fund IV-A, L.P. | 2025 | Not stated | — | — | August 13, 2025 |
| Transformation Capital Partners III-CPRX, L.P. | 2025 | Not stated | — | — | November 14, 2025 |
| Transformation Capital Partners I-DV, L.P. | 2023 | Not stated | — | — | December 14, 2023 |
| Transformation Capital Executive Fund III, L.P. | 2022 | Not stated | — | — | March 31, 2022 |
| Transformation Capital Fund III, L.P. | 2022 | $800M | — | — | January 26, 2022 |
| Transformation Capital Fund III-A, L.P. | 2022 | $800M | — | — | January 26, 2022 |
| Transformation Capital Partners I-A, L.P. | 2022 | $19M | $19M | 5 | February 18, 2022 |
| Transformation Capital Fund II, L.P. | 2019 | $500M | $500M | 163 | January 6, 2021 |
LPs on the record
5 private foundations list on their latest IRS Form 990-PF, and 1 other LP reports holding Transformation Capital’s funds.
3 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.
Registration
- Legal name
- Transformation Capital Partners, L.P.
- Status
- Exempt reporting adviser since February 21, 2020
- CRD number
- 307367
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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