137 Ventures Management, LLC

137 Ventures serves as investment adviser to privately offered funds organized as Delaware limited partnerships or limited liability companies, and as of December 31, 2025 reported approximately $11.8 billion in regulatory assets under management. The firm manages pooled venture capital and private equity vehicles and also sponsors co-investment special-purpose vehicles and fund-of-funds vehicles for qualified investors.

The firm pursues a flexible strategy focused on high‑growth technology companies, employing structured financings such as secured non‑recourse loans to equity holders, installment‑sale arrangements, direct financings, and secondary transactions alongside traditional equity investments. 137 Ventures sources opportunities from its network of founders, executives and advisors, allocates co‑investments according to internal allocation policies, and supplements direct investing with a fund‑of‑funds program targeting emerging managers.

What is distinctive about 137 Ventures relative to many peers is its operational emphasis on lending‑type structures secured by private company equity and the attendant regulatory approach— including seeking state lender licensure for certain funds—to support those activities. The firm also discloses principals’ outside business activities and an employee/affiliated investment vehicle (Prime Access Capital), as well as negotiated side‑letter arrangements and bespoke co‑investment allocations that can result in varied terms across investors.