Investment adviser · CRD 288220

SAX CAPITAL LLC

WASHINGTON, DC, United States · Form ADV filed Mar 30, 2026

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

How this adviser has changed

Annual filings

Regulatory assets under management

Up to five fiscal years, using the latest annual update available at the selected filing date. Asset changes can reflect acquisitions, client flows, and valuations; they are not investment returns.

Annual adviser history and sources
Fiscal year	Regulatory AUM	Employees	Filed
2021	$1,194,773,210	9	Mar 31, 2022
2022	$949,727,991	4	Mar 31, 2023
2023	$724,725,722	4	Mar 29, 2024
2024	Not reported	Not reported	Mar 31, 2025
2025	Not reported	Not reported	Mar 30, 2026

GRASSHOPPER BANK, N.A.

Custodian · funds reporting this exact name in the selected filing

These are reported-name connections within this adviser's filing, not a verified global provider identity or market-wide client count.

Showing the first 50 funds.

Private funds & service providers

109 detailed fund records

Largest reported gross asset value first; unreported values last. Gross asset value is fund-level disclosure, distinct from adviser AUM and Form D fundraising. Master and feeder funds may overlap.

SYB 072, A SERIES OF SAX CAPITAL SERIES FUND III, LPPrivate Equity Fund$16.1MGross asset value

Form D fundraising filings

View filings for the issuer linked by this fund’s reported Form D file numbers.

SYB 072, a series of SAX Capital Series Fund III, LP

Fund administrator BELLTOWER FUND GROUP, LTD. SEATTLE, Washington, United States Investor statements: Yes (provided to all investors) Related to adviser: No Other funds reporting this name →

Custodian GRASSHOPPER BANK, N.A. NEW YORK, New York, United States Related to adviser: No Other funds reporting this name →

Provider details

Annual audit: No
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

Fund details & source

Fund ID: 805-4906881655
Reported beneficial owners: 107
Minimum commitment: $100K
Form D file number: 021-414391

Form ADV 2076147 · Mar 30, 2026 · Schedule D 7.B.(1)

Reported by SAX CAPITAL LLC (CRD 288220).

Annual Updating Amendment ERA Report · fiscal year 2025.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.

INTERNET ECONOMY HOLDINGS II, LLCPrivate Equity Fund$9.03MGross asset value

Form D fundraising filings

View filings for the issuer linked by this fund’s reported Form D file numbers.

Internet Economy Holdings II, LLC

Fund administrator STANDISH MANAGEMENT LLC WALNUT CREEK, California, United States Investor statements: Yes (provided to all investors) Related to adviser: No Other funds reporting this name →

Custodian SILICON VALLEY BANK SANTA CLARA, California, United States Related to adviser: No Other funds reporting this name →

Provider details

Annual audit: No
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

Fund details & source

Fund ID: 805-2834458233
Reported beneficial owners: 2
Minimum commitment: $100K
Form D file number: 021-294672

Form ADV 2076147 · Mar 30, 2026 · Schedule D 7.B.(1)

Reported by SAX CAPITAL LLC (CRD 288220).

Annual Updating Amendment ERA Report · fiscal year 2025.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.

NELSTONE VENTURES IV, A SERIES OF SAX CAPITAL SERIES FUND III, LPPrivate Equity Fund$4.58MGross asset value

Form D fundraising filings

View filings for the issuer linked by this fund’s reported Form D file numbers.

Nelstone Ventures IV, a series of SAX Capital Series Fund III, LP

Fund administrator BELLTOWER FUND GROUP, LTD. SEATTLE, Washington, United States Investor statements: Yes (provided to all investors) Related to adviser: No Other funds reporting this name →

Custodian GRASSHOPPER BANK, N.A. NEW YORK, New York, United States Related to adviser: No Other funds reporting this name →

Provider details

Annual audit: No
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

Fund details & source

Fund ID: 805-4476120252
Reported beneficial owners: 35
Minimum commitment: $20K
Form D file number: 021-389773

Form ADV 2076147 · Mar 30, 2026 · Schedule D 7.B.(1)

Reported by SAX CAPITAL LLC (CRD 288220).

Annual Updating Amendment ERA Report · fiscal year 2025.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.

6MF 190, A SERIES OF SAX CAPITAL SERIES FUND III, LPPrivate Equity Fund$3.92MGross asset value

Form D fundraising filings

View filings for the issuer linked by this fund’s reported Form D file numbers.

6MF 190, a series of SAX Capital Series Fund III, LP

Fund administrator BELLTOWER FUND GROUP, LTD. SEATTLE, Washington, United States Investor statements: Yes (provided to all investors) Related to adviser: No Other funds reporting this name →

Custodian GRASSHOPPER BANK, N.A. NEW YORK, New York, United States Related to adviser: No Other funds reporting this name →

Provider details

Annual audit: No
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

Fund details & source

Fund ID: 805-6443689718
Reported beneficial owners: 15
Minimum commitment: $1K
Form D file number: 021-435470

Form ADV 2076147 · Mar 30, 2026 · Schedule D 7.B.(1)

Reported by SAX CAPITAL LLC (CRD 288220).

Annual Updating Amendment ERA Report · fiscal year 2025.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.

SPX 244, A SERIES OF SAX CAPITAL SERIES FUND III, LPPrivate Equity Fund$3.58MGross asset value

Form D fundraising filings

View filings for the issuer linked by this fund’s reported Form D file numbers.

SPX 244, a series of SAX Capital Series Fund III, LP

Fund administrator BELLTOWER FUND GROUP, LTD. SEATTLE, Washington, United States Investor statements: Yes (provided to all investors) Related to adviser: No Other funds reporting this name →

Custodian GRASSHOPPER BANK, N.A. NEW YORK, New York, United States Related to adviser: No Other funds reporting this name →

Provider details

Annual audit: No
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

Fund details & source

Fund ID: 805-4319661722
Reported beneficial owners: 76
Minimum commitment: $1K
Form D file number: 021-457693

Form ADV 2076147 · Mar 30, 2026 · Schedule D 7.B.(1)

Reported by SAX CAPITAL LLC (CRD 288220).

Annual Updating Amendment ERA Report · fiscal year 2025.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.

OU SPV1, A SERIES OF SAX CAPITAL SERIES FUND III, LPPrivate Equity Fund$3.09MGross asset value

Form D fundraising filings

View filings for the issuer linked by this fund’s reported Form D file numbers.

OU SPV1, a series of SAX Capital Series Fund III, LP

Fund administrator BELLTOWER FUND GROUP, LTD. SEATTLE, Washington, United States Investor statements: Yes (provided to all investors) Related to adviser: No Other funds reporting this name →

Custodian GRASSHOPPER BANK, N.A. NEW YORK, New York, United States Related to adviser: No Other funds reporting this name →

Provider details

Annual audit: No
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

Fund details & source

Fund ID: 805-3645041490
Reported beneficial owners: 9
Minimum commitment: $1K
Form D file number: 021-424355

Form ADV 2076147 · Mar 30, 2026 · Schedule D 7.B.(1)

Reported by SAX CAPITAL LLC (CRD 288220).

Annual Updating Amendment ERA Report · fiscal year 2025.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.

SAX SECONDARIES FUND II, A SERIES OF SAX MASTER FUND A LLCPrivate Equity Fund$3.05MGross asset value

Form D fundraising filings

View filings for the issuer linked by this fund’s reported Form D file numbers.

SAX Secondaries Fund II, a series of SAX Master Fund A LLC

Fund administrator BELLTOWER FUND GROUP, LTD. SEATTLE, Washington, United States Investor statements: Yes (provided to all investors) Related to adviser: No Other funds reporting this name →

Custodian GRASSHOPPER BANK, N.A. NEW YORK, New York, United States Related to adviser: No Other funds reporting this name →

Provider details

Annual audit: No
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

Fund details & source

Fund ID: 805-4121327266
Reported beneficial owners: 16
Minimum commitment: $1K
Form D file number: 021-279884

Form ADV 2076147 · Mar 30, 2026 · Schedule D 7.B.(1)

Reported by SAX CAPITAL LLC (CRD 288220).

Annual Updating Amendment ERA Report · fiscal year 2025.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.

Services & filing details

Showing values from the selected filing. Latest observed filing does not establish current registration status.

What changed?

Since Mar 31, 2025 · previous imported filing

No comparable changes in the displayed metrics.

Filing source

Form ADV 2076147 · Mar 30, 2026 · Items 1 & 5

Reported by SAX CAPITAL LLC (CRD 288220).

Annual Updating Amendment ERA Report · fiscal year 2025.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.

Reported services

Not reported in these imported fields

Compensation

Not reported in these imported fields

Principal office

1140 3RD STREET NE, 2ND FLOOR
WASHINGTON, DC, 20002, United States

CRD 288220

Filing source

Form ADV 2076147 · Mar 30, 2026 · Items 1 & 5

Reported by SAX CAPITAL LLC (CRD 288220).

Annual Updating Amendment ERA Report · fiscal year 2025.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.