Investment adviser · CRD 161522

AMPERSAND CAPITAL PARTNERS

Investment adviser filing (IA)

AMPERSAND MANAGEMENT LLC

BOSTON, MA, United States · Form ADV filed Mar 30, 2026

Regulatory AUM
$3.09B
Form ADV · Item 5.F
Client accounts
4
Accounts, not individual clients
Employees
38
Reported in this filing
Advisory professionals
33
Investment advisory functions

Who they report serving

Form ADV · Item 5.D

Client types and their share of reported regulatory assets.

Client typeClientsRegulatory assetsShare of AUM
Pooled investment vehicles4$3,093,543,241100.0%
Filing source

Form ADV 2086844 · Mar 30, 2026 · Item 5.D

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Private funds & service providers

9 Private funds

The count excludes feeder funds. Funds in the latest filing appear first, ordered by reported gross assets. Earlier funds retain their last reported values.

AMPERSAND 2023 LIMITED PARTNERSHIPPrivate Equity Fund · Last reported Mar 30, 2026$1.25BGross asset value

Form D fundraising filings

Ampersand 2022 Limited Partnership

Auditor DELOITTE & TOUCHE LLP BOSTON, Massachusetts, United States
Custodian SILICON VALLEY BANK (SVB), A DIVISION OF FIRST CITIZENS BANK BOSTON, Massachusetts, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
No
External marketing
No

DELOITTE & TOUCHE LLP
PCAOB 34

SILICON VALLEY BANK (SVB), A DIVISION OF FIRST CITIZENS BANK
LEI 0K2D5AK28E3O5CC06E35

Fund details & source
Fund ID
805-4169703137
Reported beneficial owners
163
Minimum commitment
$1M
Form D file number
021-455950

Form ADV 2086844 · Mar 30, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

AMPERSAND 2020 LIMITED PARTNERSHIPPrivate Equity Fund · Last reported Mar 30, 2026$683MGross asset value

Form D fundraising filings

Ampersand 2020 Limited Partnership

Auditor DELOITTE & TOUCHE LLP BOSTON, Massachusetts, United States
Custodian SILICON VALLEY BANK (SVB), A DIVISION OF FIRST CITIZENS BANK BOSTON, Massachusetts, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
No
External marketing
No

DELOITTE & TOUCHE LLP
PCAOB 34

SILICON VALLEY BANK (SVB), A DIVISION OF FIRST CITIZENS BANK
LEI 0K2D5AK28E3O5CC06E35

Fund details & source
Fund ID
805-8447437322
Reported beneficial owners
98
Minimum commitment
$500K
Form D file number
021-363754

Form ADV 2086844 · Mar 30, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

AMPERSAND 2018 LIMITED PARTNERSHIPPrivate Equity Fund · Last reported Mar 30, 2026$674MGross asset value

Form D fundraising filings

Ampersand 2018 Limited Partnership

Auditor DELOITTE & TOUCHE LLP BOSTON, Massachusetts, United States
Custodian SILICON VALLEY BANK (SVB), A DIVISION OF FIRST CITIZENS BANK BOSTON, Massachusetts, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
No
External marketing
No

DELOITTE & TOUCHE LLP
PCAOB 34

SILICON VALLEY BANK (SVB), A DIVISION OF FIRST CITIZENS BANK
LEI 0K2D5AK28E3O5CC06E35

Fund details & source
Fund ID
805-3857834931
Reported beneficial owners
76
Minimum commitment
$100K
Form D file number
021-307791

Form ADV 2086844 · Mar 30, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

AMPERSAND CF LIMITED PARTNERSHIPPrivate Equity Fund · Last reported Mar 30, 2026$491MGross asset value

Form D fundraising filings

Ampersand CF Limited Partnership

Auditor DELOITTE & TOUCHE LLP BOSTON, Massachusetts, United States
Custodian SILICON VALLEY BANK (SVB), A DIVISION OF FIRST CITIZENS BANK BOSTON, Massachusetts, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
No
External marketing
No

DELOITTE & TOUCHE LLP
PCAOB 34

SILICON VALLEY BANK (SVB), A DIVISION OF FIRST CITIZENS BANK
LEI 0K2D5AK28E3O5CC06E35

Fund details & source
Fund ID
805-7562075752
Reported beneficial owners
74
Minimum commitment
$100K
Form D file number
021-378994

Form ADV 2086844 · Mar 30, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

AMPERSAND 2014 LIMITED PARTNERSHIPPrivate Equity Fund · Last reported Aug 19, 2024$7.88MGross asset value

Form D fundraising filings

AMPERSAND 2009 LP

Auditor DELOITTE & TOUCHE LLP BOSTON, Massachusetts, United States
Custodian SILICON VALLEY BANK NEWTON, Massachusetts, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
No
External marketing
No

DELOITTE & TOUCHE LLP
PCAOB 34

SILICON VALLEY BANK
LEI 0K2D5AK28E3O5CC06E35

Fund details & source
Fund ID
805-1471731768
Reported beneficial owners
55
Minimum commitment
$100K
Form D file number
021-127099

Form ADV 1892517 · Aug 19, 2024 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

AMPERSAND 2006 LIMITED PARTNERSHIPPrivate Equity Fund · Last reported Mar 31, 2023$1.87MGross asset value
Auditor DELOITTE & TOUCHE LLP BOSTON, Massachusetts, United States
Custodian SILICON VALLEY BANK NEWTON, Massachusetts, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
No
External marketing
No

DELOITTE & TOUCHE LLP
PCAOB 34

SILICON VALLEY BANK
LEI 0K2D5AK28E3O5CC06E35

Fund details & source
Fund ID
805-6109777506
Reported beneficial owners
48
Minimum commitment
$100K
Form D file number
021-88770

Form ADV 1725449 · Mar 31, 2023 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

AMPERSAND 2011 LIMITED PARTNERSHIPPrivate Equity Fund · Last reported Mar 31, 2023$1.74MGross asset value
Auditor DELOITTE & TOUCHE LLP BOSTON, Massachusetts, United States
Custodian SILICON VALLEY BANK NEWTON, Massachusetts, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
No
External marketing
No

DELOITTE & TOUCHE LLP
PCAOB 34

SILICON VALLEY BANK
LEI 0K2D5AK28E3O5CC06E35

Fund details & source
Fund ID
805-6724043809
Reported beneficial owners
44
Minimum commitment
$100K
Form D file number
021-127099

Form ADV 1725449 · Mar 31, 2023 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Services & filing details

Most recent filing: Mar 30, 2026. View historical filings

Reported services

Pooled investment vehicle management

Compensation

Percentage of assets · Performance-based

Principal office

ONE POST OFFICE SQUARE, SUITE 2900
BOSTON, MA, 02109, United States

CRD 161522

Filing source

Form ADV 2086844 · Mar 30, 2026 · Items 1 & 5

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.