Investment adviser · CRD 166060

BULLPEN MANAGEMENT, LLC

Exempt reporting adviser (ERA)

Exempt reporting advisers use a shorter Form ADV report. Some adviser-level figures are not reported; fund disclosures appear below when available.

SAN FRANCISCO, CA, United States · Form ADV filed Mar 25, 2026

Adviser-level assets, account counts and staffing figures are unavailable in this filing. View the reported fund disclosures below →

Private funds & service providers

24 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.

BULLPEN CAPITAL IV, L.P.Venture Capital Fund · Last reported Mar 25, 2026$259MGross asset value

Form D fundraising filings

Bullpen Capital IV, L.P.

Fund administrator ADURO ADVISORS, LLC DENVER, Colorado, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor FRANK RIMERMAN & CO, LLP PALO ALTO, California, United States
Custodian CITIZENS PRIVATE BANK PROVIDENCE, Rhode Island, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

FRANK RIMERMAN & CO, LLP
PCAOB 1596

CITIZENS PRIVATE BANK
LEI DRMSV1Q0EKMEXLAU1P80

Fund details & source
Fund ID
805-2906276933
Reported beneficial owners
79
Minimum commitment
$10K
Form D file number
021-308438

Form ADV 2071994 · Mar 25, 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.

BULLPEN CAPITAL V, L.P.Venture Capital Fund · Last reported Mar 25, 2026$135MGross asset value

Form D fundraising filings

Bullpen Capital V, L.P.

Fund administrator ADURO ADVISORS, LLC DENVER, Colorado, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor FRANK RIMERMAN & CO, LLP PALO ALTO, California, United States
Custodian CITIZENS PRIVATE BANK PROVIDENCE, Rhode Island, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

FRANK RIMERMAN & CO, LLP
PCAOB 1596

CITIZENS PRIVATE BANK
LEI DRMSV1Q0EKMEXLAU1P80

Fund details & source
Fund ID
805-2069232336
Reported beneficial owners
42
Minimum commitment
$20K
Form D file number
021-369259

Form ADV 2071994 · Mar 25, 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.

BULLPEN CAPITAL VI, LPVenture Capital Fund · Last reported Mar 25, 2026$110MGross asset value

Form D fundraising filings

Bullpen Capital VI, L.P.

Fund administrator ADURO ADVISORS, LLC DENVER, Colorado, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor FRANK RIMERMAN & CO, LLP PALO ALTO, California, United States
Custodian CITIZENS PRIVATE BANK PROVIDENCE, Rhode Island, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

FRANK RIMERMAN & CO, LLP
PCAOB 1596

CITIZENS PRIVATE BANK
LEI DRMSV1Q0EKMEXLAU1P80

Fund details & source
Fund ID
805-6024576752
Reported beneficial owners
48
Minimum commitment
$50K
Form D file number
021-450529

Form ADV 2071994 · Mar 25, 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.

BULLPEN CAPITAL II, L.P.Venture Capital Fund · Last reported Mar 25, 2026$92MGross asset value

Form D fundraising filings

Bullpen Capital II, L.P.

Fund administrator ADURO ADVISORS, LLC DENVER, Colorado, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor FRANK RIMERMAN & CO, LLP PALO ALTO, California, United States
Custodian CITIZENS PRIVATE BANK PROVIDENCE, Rhode Island, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

FRANK RIMERMAN & CO, LLP
PCAOB 1596

CITIZENS PRIVATE BANK
LEI DRMSV1Q0EKMEXLAU1P80

Fund details & source
Fund ID
805-2114728624
Reported beneficial owners
75
Minimum commitment
$50K
Form D file number
021-179565

Form ADV 2071994 · Mar 25, 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.

BULLPEN CAPITAL III, L.P.Venture Capital Fund · Last reported Mar 25, 2026$81MGross asset value

Form D fundraising filings

Bullpen Capital III, L.P.

Fund administrator ADURO ADVISORS, LLC DENVER, Colorado, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor FRANK RIMERMAN & CO, LLP PALO ALTO, California, United States
Custodian CITIZENS PRIVATE BANK PROVIDENCE, Rhode Island, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

FRANK RIMERMAN & CO, LLP
PCAOB 1596

CITIZENS PRIVATE BANK
LEI DRMSV1Q0EKMEXLAU1P80

Fund details & source
Fund ID
805-2875088262
Reported beneficial owners
98
Minimum commitment
$25K
Form D file number
021-262950

Form ADV 2071994 · Mar 25, 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.

BULLPEN PLAYOFF FUND, L.P.Venture Capital Fund · Last reported Mar 25, 2026$29.6MGross asset value

Form D fundraising filings

Bullpen Playoff Fund, L.P.

Fund administrator ADURO ADVISORS, LLC DENVER, Colorado, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor FRANK RIMERMAN & CO, LLP PALO ALTO, California, United States
Custodian CITIZENS PRIVATE BANK PROVIDENCE, Rhode Island, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

FRANK RIMERMAN & CO, LLP
PCAOB 1596

CITIZENS PRIVATE BANK
LEI DRMSV1Q0EKMEXLAU1P80

Fund details & source
Fund ID
805-8631743381
Reported beneficial owners
34
Minimum commitment
$25K
Form D file number
021-308439

Form ADV 2071994 · Mar 25, 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.

BULLPEN PLAYOFF FUND 2021 LLCVenture Capital Fund · Last reported Mar 25, 2026$13.3MGross asset value

Form D fundraising filings

Bullpen Playoff Fund 2021 LLC

Fund administrator ADURO ADVISORS, LLC DENVER, Colorado, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor FRANK RIMERMAN & CO, LLP PALO ALTO, California, United States
Custodian CITIZENS PRIVATE BANK PROVIDENCE, Rhode Island, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

FRANK RIMERMAN & CO, LLP
PCAOB 1596

CITIZENS PRIVATE BANK
LEI DRMSV1Q0EKMEXLAU1P80

Fund details & source
Fund ID
805-8001490303
Reported beneficial owners
34
Minimum commitment
$30K
Form D file number
021-428497

Form ADV 2071994 · Mar 25, 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.

Services & filing details

Most recent filing: Mar 25, 2026. View historical filings

Reported services

Not reported in these imported fields

Compensation

Not reported in these imported fields

Principal office

38 KEYES AVENUE, SUITE 100
SAN FRANCISCO, CA, 94129, United States

CRD 166060

Filing source

Form ADV 2071994 · Mar 25, 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.