Investment adviser · CRD 170329

INITIALIZED CAPITAL 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 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

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.

INITIALIZED III L.P.Venture Capital Fund · Last reported Mar 27, 2026$1.16BGross asset value

Form D fundraising filings

Initialized III L.P.

Fund administrator STANDISH MANAGEMENT, LLC SAN FRANCISCO, California, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor SENSIBA LLP PLEASANTON, California, United States
Custodian COINBASE GLOBAL, INC NEW YORK, New York, United States Related to adviser: No
Custodian FIRST-CITIZENS BANK & TRUST COMPANY SANTA CLARA, California, United States Related to adviser: No
Custodian MORGAN STANLEY & CO., INC. MENLO PARK, California, 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

SENSIBA LLP
PCAOB 854

FIRST-CITIZENS BANK & TRUST COMPANY
LEI L9VVX1KT5TFTKS0MLF66

MORGAN STANLEY & CO., INC.
LEI 149777

Fund details & source
Fund ID
805-5009898790
Reported beneficial owners
67
Minimum commitment
$0
Form D file number
021-264469

Form ADV 2081606 · 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.

INITIALIZED IV L.P.Venture Capital Fund · Last reported Mar 27, 2026$538MGross asset value

Form D fundraising filings

Initialized IV L.P.

Fund administrator STANDISH MANAGEMENT, LLC SAN FRANCISCO, California, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor SENSIBA LLP PLEASANTON, California, United States
Custodian COINBASE GLOBAL, INC NEW YORK, New York, United States Related to adviser: No
Custodian JP MORGAN CHASE BANK NA NEW YORK, New York, United States Related to adviser: No
Custodian MORGAN STANLEY & CO., INC. MENLO PARK, California, 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

SENSIBA LLP
PCAOB 854

JP MORGAN CHASE BANK NA
LEI 7H6GLXDRUGQFU57RNE97

MORGAN STANLEY & CO., INC.
LEI 149777

Fund details & source
Fund ID
805-5466726448
Reported beneficial owners
39
Minimum commitment
$0
Form D file number
021-322646

Form ADV 2081606 · 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.

INITIALIZED VI L.P.Venture Capital Fund · Last reported Mar 27, 2026$441MGross asset value

Form D fundraising filings

Initialized VI L.P.

Fund administrator STANDISH MANAGEMENT, LLC SAN FRANCISCO, California, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor SENSIBA LLP PLEASANTON, California, United States
Custodian COINBASE GLOBAL, INC. NEW YORK, New York, United States Related to adviser: No
Custodian JP MORGAN CHASE BANK NA NEW YORK, New York, United States Related to adviser: No
Custodian MORGAN STANLEY & CO., INC. MENLO PARK, California, 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

SENSIBA LLP
PCAOB 854

JP MORGAN CHASE BANK NA
LEI 7H6GLXDRUGQFU57RNE97

MORGAN STANLEY & CO., INC.
LEI 149777

Fund details & source
Fund ID
805-8780115696
Reported beneficial owners
74
Minimum commitment
$0
Form D file number
021-425396

Form ADV 2081606 · 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.

INITIALIZED SUPERCLASS ISS L.P.Venture Capital Fund · Last reported Mar 27, 2026$284MGross asset value

Form D fundraising filings

Initialized Superclass Iss L.P.

Fund administrator STANDISH MANAGEMENT, LLC SAN FRANCISCO, California, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor SENSIBA LLP PLEASANTON, California, United States
Custodian JP MORGAN CHASE BANK NA NEW YORK, New York, United States Related to adviser: No
Custodian MORGAN STANLEY & CO., INC. MENLO PARK, California, 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

SENSIBA LLP
PCAOB 854

JP MORGAN CHASE BANK NA
LEI 7H6GLXDRUGQFU57RNE97

MORGAN STANLEY & CO., INC.
LEI 149777

Fund details & source
Fund ID
805-9991793460
Reported beneficial owners
23
Minimum commitment
$0
Form D file number
021-342647

Form ADV 2081606 · 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.

INITIALIZED V L.P.Venture Capital Fund · Last reported Mar 27, 2026$227MGross asset value

Form D fundraising filings

Initialized V L.P.

Fund administrator STANDISH MANAGEMENT, LLC SAN FRANCISCO, California, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor SENSIBA LLP PLEASANTON, California, United States
Custodian COINBASE GLOBAL, INC. NEW YORK, New York, United States Related to adviser: No
Custodian JP MORGAN CHASE BANK NA NEW YORK, New York, United States Related to adviser: No
Custodian MORGAN STANLEY & CO., INC. MENLO PARK, California, 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

SENSIBA LLP
PCAOB 854

JP MORGAN CHASE BANK NA
LEI 7H6GLXDRUGQFU57RNE9

MORGAN STANLEY & CO., INC.
LEI 148777

Fund details & source
Fund ID
805-8071679161
Reported beneficial owners
39
Minimum commitment
$0
Form D file number
021-373237

Form ADV 2081606 · 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.

INITIALIZED II, L.P.Venture Capital Fund · Last reported Mar 27, 2026$125MGross asset value

Form D fundraising filings

Initialized II, L.P.

Fund administrator STANDISH MANAGEMENT, LLC SAN FRANCISCO, California, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor SENSIBA LLP PLEASANTON, California, United States
Custodian FIRST-CITIZENS BANK & TRUST COMPANY SANTA CLARA, California, United States Related to adviser: No
Custodian MORGAN STANLEY & CO., INC. MENLO PARK, California, 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

SENSIBA LLP
PCAOB 854

FIRST-CITIZENS BANK & TRUST COMPANY
LEI L9VVX1KT5TFTKS0MLF66

MORGAN STANLEY & CO., INC.
LEI 149777

Fund details & source
Fund ID
805-9017204975
Reported beneficial owners
41
Minimum commitment
$0
Form D file number
021-197076

Form ADV 2081606 · 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.

INITIALIZED ANNEX L.P.Venture Capital Fund · Last reported Mar 27, 2026$117MGross asset value

Form D fundraising filings

Initialized Annex L.P.

Fund administrator STANDISH MANAGEMENT, LLC SAN FRANCISCO, California, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor SENSIBA LLP PLEASANTON, California, United States
Custodian JP MORGAN CHASE BANK NA NEW YORK, New York, United States Related to adviser: No
Custodian MORGAN STANLEY & CO., INC. MENLO PARK, California, 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

SENSIBA LLP
PCAOB 854

JP MORGAN CHASE BANK NA
LEI 7H6GLXDRUGQFU57RNE97

MORGAN STANLEY & CO., INC.
LEI 149777

Fund details & source
Fund ID
805-4534601490
Reported beneficial owners
35
Minimum commitment
$0
Form D file number
021-294653

Form ADV 2081606 · 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

464 TEHAMA STREET
SAN FRANCISCO, CA, 94103, United States

CRD 170329

Filing source

Form ADV 2081606 · 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.