Investment adviser · CRD 155215

LIGHT STREET CAPITAL MANAGEMENT, LLC

PALO ALTO, CA, United States · Form ADV filed Mar 27, 2025

Regulatory AUM: $1.13B
Client accounts: 22
Employees: 14
Advisory professionals: 6

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	$2,620,841,227	30	Mar 30, 2022
2022	$861,554,396	15	Mar 31, 2023
2023	$821,203,422	13	Mar 27, 2024
2024	$1,132,883,120	14	Mar 27, 2025

Who they report serving

Form ADV · Item 5.D

Client types and their share of reported regulatory assets.

Client type	Clients	Regulatory assets	Share of AUM
Pooled investment vehicles	22	$1,132,883,120	100.0%

Filing source

Form ADV 1962602 · Mar 27, 2025 · Item 5.D

Reported by LIGHT STREET CAPITAL MANAGEMENT, LLC (CRD 155215).

Annual Updating Amendment for Registered Adviser · fiscal year 2024.

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.

STANDISH MANAGEMENT, LLC

Fund administrator · 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.

Private funds & service providers

22 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.

LIGHT STREET MERCURY MASTER FUND, L.P.Hedge Fund · Master$679MGross asset value

Search Form D filings →

Fund administrator MORGAN STANLEY FUND SERVICES (CAYMAN) LTD. C/O MORGAN STANLEY FUND SERVICES (IRELAND) LIMITED DUBLIN, Ireland Investor statements: Yes (provided to all investors) Related to adviser: No Other funds reporting this name →

Auditor KPMG GEORGE TOWN, Cayman Islands Other funds reporting this name →

Custodian CITIGROUP GLOBAL MARKETS INC. SAN FRANCISCO, California, United States Related to adviser: No Other funds reporting this name →

Custodian GOLDMAN SACHS & CO. LLC SAN FRANCISCO, California, United States Related to adviser: No Other funds reporting this name →

Custodian MORGAN STANLEY & CO. LLC SAN FRANCISCO, California, United States Related to adviser: No Other funds reporting this name →

Custodian THE NORTHERN TRUST INTERNATIONAL BANKING CORPORATION JERSEY CITY, New Jersey, United States Related to adviser: No Other funds reporting this name →

See filing for more → Showing the first 6 providers by role and name. IAPD may show a newer filing.

Provider details

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

KPMG
PCAOB 1323

CITIGROUP GLOBAL MARKETS INC.
SEC 8-8177

GOLDMAN SACHS & CO. LLC
SEC 8-129

MORGAN STANLEY & CO. LLC
SEC 8-15869

THE NORTHERN TRUST INTERNATIONAL BANKING CORPORATION
LEI 6PTKHDJ8HDUF78PFWH30

Fund details & source

Fund ID: 805-1493120656
Reported beneficial owners: 3
Minimum commitment: $100K

Form ADV 1962602 · Mar 27, 2025 · Schedule D 7.B.(1)

Reported by LIGHT STREET CAPITAL MANAGEMENT, LLC (CRD 155215).

Annual Updating Amendment for Registered Adviser · fiscal year 2024.

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.

LIGHT STREET ARGON, L.P.Hedge Fund · Feeder$233MGross asset value

Form D fundraising filings

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

Light Street Argon, L.P.

Fund administrator MORGAN STANLEY FUND SERVICES USA LLC PURCHASE, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No Other funds reporting this name →

Auditor KPMG LLP NEW YORK, New York, United States Other funds reporting this name →

Custodian THE NORTHERN TRUST INTERNATIONAL BANKING CORPORATION JERSEY CITY, New Jersey, United States Related to adviser: No Other funds reporting this name →

Marketer J.P. MORGAN SECURITIES LLC NEW YORK, New York, United States Related to adviser: No Other funds reporting this name →

Marketer UBS FINANCIAL SERVICES INC. WEEHAWKEN, New Jersey, United States Related to adviser: No Other funds reporting this name →

Provider details

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

KPMG LLP
PCAOB 185

THE NORTHERN TRUST INTERNATIONAL BANKING CORPORATION
LEI 6PTKHDJ8HDUF78PFWH30

J.P. MORGAN SECURITIES LLC
CRD 79 · SEC 801-3702

UBS FINANCIAL SERVICES INC.
CRD 8174 · SEC 801-7163

Fund details & source

Fund ID: 805-2120803529
Reported beneficial owners: 240
Minimum commitment: $10M
Form D file number: 021-179910

Form ADV 1962602 · Mar 27, 2025 · Schedule D 7.B.(1)

Reported by LIGHT STREET CAPITAL MANAGEMENT, LLC (CRD 155215).

Annual Updating Amendment for Registered Adviser · fiscal year 2024.

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.

LIGHT STREET BEACON II, L.P.Private Equity Fund$195MGross asset value

Form D fundraising filings

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

Light Street Beacon II, L.P.

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 →

Auditor KPMG LLP NEW YORK, New York, United States Other funds reporting this name →

Custodian BANC OF CALIFORNIA (FORMALLY PACIFIC WESTERN BANK) MENLO PARK, California, United States Related to adviser: No Other funds reporting this name →

Custodian MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED SAN FRANCISCO, California, United States Related to adviser: No Other funds reporting this name →

Marketer CONSTELLAR CAPITAL PARTNERS HONG KONG LIMITED HONG KONG, Hong Kong Related to adviser: No Other funds reporting this name →

Marketer FRONTIER SOLUTIONS, LLC RICHMOND, Virginia, United States Related to adviser: No Other funds reporting this name →

See filing for more → Showing the first 6 providers by role and name. IAPD may show a newer filing.

Provider details

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

KPMG LLP
PCAOB 185

BANC OF CALIFORNIA (FORMALLY PACIFIC WESTERN BANK)
LEI 529900T8BM49AURSDO55

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED
SEC 8-7221

FRONTIER SOLUTIONS, LLC
CRD 136102 · SEC 8-66972

Fund details & source

Fund ID: 805-5662824682
Reported beneficial owners: 147
Minimum commitment: $250K
Form D file number: 021-394849

Form ADV 1962602 · Mar 27, 2025 · Schedule D 7.B.(1)

Reported by LIGHT STREET CAPITAL MANAGEMENT, LLC (CRD 155215).

Annual Updating Amendment for Registered Adviser · fiscal year 2024.

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.

LIGHT STREET XENON, LTD.Hedge Fund · Feeder$176MGross asset value

Form D fundraising filings

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

Light Street Xenon, Ltd.

Auditor KPMG GEORGE TOWN, Cayman Islands Other funds reporting this name →

Custodian THE NORTHERN TRUST INTERNATIONAL BANKING CORPORATION JERSEY CITY, New Jersey, United States Related to adviser: No Other funds reporting this name →

Marketer J.P. MORGAN SECURITIES LLC NEW YORK, New York, United States Related to adviser: No Other funds reporting this name →

Marketer UBS FINANCIAL SERVICES INC. WEEHAWKEN, New Jersey, United States Related to adviser: No Other funds reporting this name →

Provider details

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

KPMG
PCAOB 1323

THE NORTHERN TRUST INTERNATIONAL BANKING CORPORATION
LEI 6PTKHDJ8HDUF78PFWH30

J.P. MORGAN SECURITIES LLC
CRD 79 · SEC 801-3702

UBS FINANCIAL SERVICES INC.
CRD 8174 · SEC 801-7163

Fund details & source

Fund ID: 805-3673680996
Reported beneficial owners: 89
Minimum commitment: $10M
Form D file number: 021-179128

Form ADV 1962602 · Mar 27, 2025 · Schedule D 7.B.(1)

Reported by LIGHT STREET CAPITAL MANAGEMENT, LLC (CRD 155215).

Annual Updating Amendment for Registered Adviser · fiscal year 2024.

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.

LIGHT STREET TUNGSTEN MASTER FUND, L.P.Hedge Fund · Master$60.3MGross asset value

Search Form D filings →

Auditor KPMG GEORGE TOWN, Cayman Islands Other funds reporting this name →

Custodian MORGAN STANLEY & CO. LLC SAN FRANCISCO, California, United States Related to adviser: No Other funds reporting this name →

Custodian THE NORTHERN TRUST INTERNATIONAL BANKING CORPORATION JERSEY CITY, New Jersey, United States Related to adviser: No Other funds reporting this name →

Prime broker MORGAN STANLEY & CO. LLC SAN FRANCISCO, California, United States Other funds reporting this name →

Provider details

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

KPMG
PCAOB 1323

MORGAN STANLEY & CO. LLC
SEC 8-15869

THE NORTHERN TRUST INTERNATIONAL BANKING CORPORATION
LEI 6PTKHDJ8HDUF78PFWH30

MORGAN STANLEY & CO. LLC
CRD 8209 · SEC 8-15869

Fund details & source

Fund ID: 805-3719146441
Reported beneficial owners: 3
Minimum commitment: $100K

Form ADV 1962602 · Mar 27, 2025 · Schedule D 7.B.(1)

Reported by LIGHT STREET CAPITAL MANAGEMENT, LLC (CRD 155215).

Annual Updating Amendment for Registered Adviser · fiscal year 2024.

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.

LIGHT STREET TUNGSTEN ONSHORE FUND, L.P.Hedge Fund · Feeder$60.3MGross asset value

Form D fundraising filings

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

Light Street Tungsten Onshore Fund, L.P.

Auditor KPMG LLP NEW YORK, New York, United States Other funds reporting this name →

Custodian THE NORTHERN TRUST INTERNATIONAL BANKING CORPORATION JERSEY CITY, New Jersey, United States Related to adviser: No Other funds reporting this name →

Provider details

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

KPMG LLP
PCAOB 185

THE NORTHERN TRUST INTERNATIONAL BANKING CORPORATION
LEI 6PTKHDJ8HDUF78PFWH30

Fund details & source

Fund ID: 805-9148223787
Reported beneficial owners: 26
Minimum commitment: $5M
Form D file number: 021-299034

Form ADV 1962602 · Mar 27, 2025 · Schedule D 7.B.(1)

Reported by LIGHT STREET CAPITAL MANAGEMENT, LLC (CRD 155215).

Annual Updating Amendment for Registered Adviser · fiscal year 2024.

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.

LIGHT STREET SPV5, L.P.Private Equity Fund · Master$50MGross asset value

Form D fundraising filings

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

Light Street SPV5, L.P.

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 →

Auditor KPMG LLP NEW YORK, New York, United States Other funds reporting this name →

Custodian MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED SAN FRANCISCO, California, United States Related to adviser: No Other funds reporting this name →

Custodian SILICON VALLEY BANK, A DIVISION OF FIRST CITIZENS BANK MENLO PARK, California, United States Related to adviser: No Other funds reporting this name →

Marketer CONSTELLAR CAPITAL PARTNERS HONG KONG LIMITED HONG KONG, Hong Kong Related to adviser: No Other funds reporting this name →

Provider details

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

KPMG LLP
PCAOB 185

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED
SEC 8-7221

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

Fund details & source

Fund ID: 805-8390621773
Reported beneficial owners: 47
Minimum commitment: $100K
Form D file number: 021-378935

Form ADV 1962602 · Mar 27, 2025 · Schedule D 7.B.(1)

Reported by LIGHT STREET CAPITAL MANAGEMENT, LLC (CRD 155215).

Annual Updating Amendment for Registered Adviser · fiscal year 2024.

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 27, 2024 · previous imported filing

Regulatory AUM$821,203,422 → $1,132,883,120
Client accounts19 → 22
Employees13 → 14

Filing source

Form ADV 1962602 · Mar 27, 2025 · Items 1 & 5

Reported by LIGHT STREET CAPITAL MANAGEMENT, LLC (CRD 155215).

Annual Updating Amendment for Registered Adviser · fiscal year 2024.

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.

Management of assets

Discretionary: $1.13B
Non-discretionary: $0

Reported services

Pooled investment vehicle management

Compensation

Percentage of assets · Performance-based

Principal office

505 HAMILTON AVENUE, SUITE 110
PALO ALTO, CA, 94301, United States

CRD 155215

Filing source

Form ADV 1962602 · Mar 27, 2025 · Items 1 & 5

Reported by LIGHT STREET CAPITAL MANAGEMENT, LLC (CRD 155215).

Annual Updating Amendment for Registered Adviser · fiscal year 2024.

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.