Investment adviser · CRD 329416

DISCERNING CAPITAL 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.

· Form ADV filed Mar 27, 2026

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

Private funds & service providers

6 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.

DISCERNING CAPITAL HAF I SPV LPOther Private Fund · Last reported Mar 27, 2026$20.3MGross asset value
Fund administrator CATALYST FUND SERVICES LIMITED GEORGE TOWN, Cayman Islands Investor statements: Yes (provided to all investors) Related to adviser: No
Custodian CITIZENS BANK, NA PROVIDENCE, Rhode Island, United States Related to adviser: No
Provider details
Annual audit
No
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No
Fund details & source
Fund ID
805-2781351035
Reported beneficial owners
3
Minimum commitment
$0

Form ADV 2081829 · Mar 27, 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.

DISCERNING CAPITAL MN SPV, LLC.Venture Capital Fund · Last reported Mar 27, 2026$14MGross asset value

Form D fundraising filings

Discerning Capital MN SPV, LLC

Fund administrator ADURO ADVISORS, LLC DENVER, Colorado, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Custodian FIRST CITIZENS BANCSHARES, INC. RALEIGH, North Carolina, United States Related to adviser: No
Provider details
Annual audit
No
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No
Fund details & source
Fund ID
805-8650640839
Reported beneficial owners
47
Minimum commitment
$10K
Form D file number
021-533209

Form ADV 2081829 · Mar 27, 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.

DISCERNING CAPITAL PB SPV, LLCVenture Capital Fund · Last reported Mar 27, 2026$10.8MGross asset value

Form D fundraising filings

Discerning Capital PB SPV, LLC

Fund administrator ADURO ADVISORS, LLC DENVER, Colorado, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Custodian FIRST CITIZENS BANCSHARES, INC. RALEIGH, North Carolina, United States Related to adviser: No
Provider details
Annual audit
No
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No
Fund details & source
Fund ID
805-8536578825
Reported beneficial owners
35
Minimum commitment
$10K
Form D file number
021-495825

Form ADV 2081829 · Mar 27, 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.

DISCERNING CAPITAL YASPA SPV, LLCVenture Capital Fund · Last reported Mar 27, 2026$10.1MGross asset value

Form D fundraising filings

Discerning Capital Yaspa SPV, LLC

Fund administrator ADURO ADVISORS, LLC DENVER, Colorado, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Custodian FIRST CITIZENS BANCSHARES, INC. RALEIGH, North Carolina, United States Related to adviser: No
Provider details
Annual audit
No
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No
Fund details & source
Fund ID
805-2937448289
Reported beneficial owners
56
Minimum commitment
$0
Form D file number
021-551535

Form ADV 2081829 · Mar 27, 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.

DISCERNING CAPITAL OUTLIER SPV, LLCVenture Capital Fund · Last reported Mar 27, 2026$7.86MGross asset value

Form D fundraising filings

Discerning Capital Outlier SPV, LLC

Fund administrator ADURO ADVISORS, LLC DENVER, Colorado, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Custodian FIRST CITIZENS BANCSHARES, INC. RALEIGH, North Carolina, United States Related to adviser: No
Provider details
Annual audit
No
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No
Fund details & source
Fund ID
805-2577182647
Reported beneficial owners
39
Minimum commitment
$0
Form D file number
021-565171

Form ADV 2081829 · Mar 27, 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.

DISCERNING CAPITAL SC SPV, LLCVenture Capital Fund · Last reported Mar 27, 2026$4.25MGross asset value

Form D fundraising filings

Discerning Capital SC SPV, LLC

Fund administrator ADURO ADVISORS, LLC DENVER, Colorado, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Custodian FIRST CITIZENS BANCSHARES, INC. RALEIGH, North Carolina, United States Related to adviser: No
Provider details
Annual audit
No
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No
Fund details & source
Fund ID
805-7796264542
Reported beneficial owners
44
Minimum commitment
$10K
Form D file number
021-530276

Form ADV 2081829 · Mar 27, 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 27, 2026. View historical filings

Reported services

Not reported in these imported fields

Compensation

Not reported in these imported fields

Principal office

CRD 329416

Filing source

Form ADV 2081829 · Mar 27, 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.