Investment adviser · CRD 318821

LIGHTSPEED FACTION

Investment adviser filing (IA)

FACTION VENTURES, LLC

PALO ALTO, CA, United States · Form ADV filed Mar 17, 2026

Regulatory AUM: $433M
Client accounts: 5
Employees: 8
Advisory professionals: 6

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	5	$432,631,544	100.0%

Filing source

Form ADV 2070236 · Mar 17, 2026 · Item 5.D

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Private funds & service providers

4 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.

LIGHTSPEED FACTION FUND I, LPPrivate Equity Fund · Last reported Mar 17, 2026$356MGross asset value

Feeder funds

LIGHTSPEED FACTION FUND I US FEEDER, LP

Fund administrator ADURO ADVISORS PRINCETON, New Jersey, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor WITHUMSMITH+BROWN, PC PRINCETON, New Jersey, United States

Custodian ANCHORAGE DIGITAL BANK N.A. SIOUX FALLS, South Dakota, United States Related to adviser: No

Custodian COINBASE CUSTODY TRUST COMPANY, LLC (TRUST CO.) NEW YORK, New York, 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

WITHUMSMITH+BROWN, PC
PCAOB 100

Fund details & source

Fund ID: 805-5221166603
Reported beneficial owners: 100
Minimum commitment: $1M
Form D file number: 021-450963

Form ADV 2070236 · Mar 17, 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.

FIGURE TECHNOLOGY SOLUTIONS, A SERIES OF CGF2021 LLCPrivate Equity Fund · Last reported Mar 17, 2026$12.9MGross asset value

Form D fundraising filings

Figure Technology Solutions a Series of CGF2021 LLC

Fund administrator ADURO ADVISORS PRINCETON, New Jersey, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Fund administrator SYDECAR INC HOUSTON, Texas, United States Investor statements: No (provided to no investors) Related to adviser: No

Auditor TANNER LLC SALT LAKE CITY, Utah, United States

Custodian GRASSHOPPER BANK, N.A. NEW YORK, New York, United States Related to adviser: No

Custodian MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED NEW YORK, New York, 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

TANNER LLC
PCAOB 270

Fund details & source

Fund ID: 805-6743675353
Reported beneficial owners: 7
Minimum commitment: $20K
Form D file number: 021-558218

Form ADV 2070236 · Mar 17, 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.

FACTION WM, A SERIES OF CGF2021 LLCPrivate Equity Fund · Last reported Mar 17, 2026$4.73MGross asset value

Form D fundraising filings

Faction WM a Series of CGF2021 LLC

Fund administrator ADURO ADVISORS PRINCETON, New Jersey, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Fund administrator SYDECAR INC HOUSTON, Texas, United States Investor statements: No (provided to no investors) Related to adviser: No

Auditor TANNER LLC SALT LAKE CITY, Utah, United States

Custodian GRASSHOPPER BANK, N.A. NEW YORK, New York, 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

TANNER LLC
PCAOB 270

Fund details & source

Fund ID: 805-2216015658
Reported beneficial owners: 16
Minimum commitment: $10K
Form D file number: 021-533243

Form ADV 2070236 · Mar 17, 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.

FACTION INTERNET BOND I, A SERIES OF CGF2021 LLCPrivate Equity Fund · Last reported Mar 17, 2026$1.97MGross asset value

Form D fundraising filings

Faction Internet Bond I a Series of CGF2021 LLC

Fund administrator ADURO ADVISORS PRINCETON, New Jersey, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Fund administrator SYDECAR INC HOUSTON, Texas, United States Investor statements: No (provided to no investors) Related to adviser: No

Auditor TANNER LLC SALT LAKE CITY, Utah, United States

Custodian ANCHORAGE DIGITAL BANK N.A. SIOUX FALLS, South Dakota, United States Related to adviser: No

Custodian GRASSHOPPER BANK, N.A. NEW YORK, New York, 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

TANNER LLC
PCAOB 270

Fund details & source

Fund ID: 805-9129079168
Reported beneficial owners: 17
Minimum commitment: $5K
Form D file number: 021-508778

Form ADV 2070236 · Mar 17, 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 17, 2026. View historical filings

Reported services

Pooled investment vehicle management

Compensation

Percentage of assets · Performance-based

Principal office

650 PAGE MILL ROAD
PALO ALTO, CA, 94304, United States

CRD 318821

Filing source

Form ADV 2070236 · Mar 17, 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.