Investment adviser · CRD 155215

LIGHT STREET CAPITAL MANAGEMENT, LLC

PALO ALTO, CA, United States · Form ADV filed Mar 27, 2026

Regulatory AUM
$1.57B
Form ADV · Item 5.F
Client accounts
24
Accounts, not individual clients
Employees
14
Reported in this filing
Advisory professionals
5
Investment advisory functions

How this adviser has changed

Annual filings

Regulatory assets under management

Reported regulatory AUM by annual filing$0$1.31B$2.62BFY 2021: $2,620,841,227.00FY 2021FY 2022: $861,554,396.00FY 2022FY 2023: $821,203,422.00FY 2023FY 2024: $1,132,883,120.00FY 2024FY 2025: $1,571,270,789.00FY 2025

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 yearRegulatory AUMEmployeesFiled
2021$2,620,841,22730Mar 30, 2022
2022$861,554,39615Mar 31, 2023
2023$821,203,42213Mar 27, 2024
2024$1,132,883,12014Mar 27, 2025
2025$1,571,270,78914Mar 27, 2026

Who they report serving

Form ADV · Item 5.D

Client types and their share of reported regulatory assets.

Client typeClientsRegulatory assetsShare of AUM
Pooled investment vehicles24$1,571,270,789100.0%
Filing source

Form ADV 2073961 · Mar 27, 2026 · Item 5.D

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

Annual Updating Amendment for Registered Adviser · 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.

Private funds & service providers

1 selected 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.

View all funds in this filing

LIGHT STREET XENON, LTD.Hedge Fund · Feeder$234MGross asset value

Form D fundraising filings

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

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 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
62
Minimum commitment
$10M
Form D file number
021-179128

Form ADV 2073961 · Mar 27, 2026 · Schedule D 7.B.(1)

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

Annual Updating Amendment for Registered Adviser · 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 27, 2025 · previous imported filing

  • Regulatory AUM$1,132,883,120 → $1,571,270,789
  • Client accounts22 → 24
Filing source

Form ADV 2073961 · Mar 27, 2026 · Items 1 & 5

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

Annual Updating Amendment for Registered Adviser · 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.

Management of assets

Discretionary
$1.57B
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 2073961 · Mar 27, 2026 · Items 1 & 5

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

Annual Updating Amendment for Registered Adviser · 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.