Investment adviser · CRD 307367

TRANSFORMATION CAPITAL

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.

TRANSFORMATION CAPITAL PARTNERS, L.P.

BOSTON, MA, United States · Form ADV filed Mar 20, 2026

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

Private funds & service providers

11 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.

TRANSFORMATION CAPITAL FUND II, L.P.Venture Capital Fund · Last reported Mar 20, 2026$847MGross asset value

Form D fundraising filings

Transformation Capital Fund II, L.P.

Feeder funds

  • TRANSFORMATION CAPITAL FUND II (CAYMAN FEEDER), L.P.
  • TRANSFORMATION CAPITAL FUND II (CAYMAN FEEDER), L.P.
Fund administrator ULTIMUS LEVERPOINT MANAGEMENT, LLC NEW YORK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor BDO BOSTON, Massachusetts, United States
Custodian FIRST CITIZENS BANK SAN FRANCISCO, California, United States Related to adviser: No
Custodian JPMORGAN CHASE BANK, NATIONAL ASSOCIATION NEW YORK, New York, United States Related to adviser: No
Custodian STIFEL BANK ST LOUIS, Missouri, United States Related to adviser: No
Marketer ISPARTNERS INVESTMENT SOLUTIONS AG ZURICH, Switzerland Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
Yes

BDO
PCAOB 243

FIRST CITIZENS BANK
LEI 549300ZX7CMZ93QCZQ91

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
LEI 7H6GLXDRUGQFU57RNE97

ISPARTNERS INVESTMENT SOLUTIONS AG
CRD 169224 · SEC 801-79023

Fund details & source
Fund ID
805-2168862972
Reported beneficial owners
164
Minimum commitment
$150K
Form D file number
021-355524

Form ADV 2077910 · Mar 20, 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.

TRANSFORMATION CAPITAL FUND III, L.P.Venture Capital Fund · Last reported Mar 20, 2026$543MGross asset value

Form D fundraising filings

Transformation Capital Fund III, L.P.

Fund administrator ULTIMUS LEVERPOINT MANAGEMENT, LLC NEW YORK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor BDO BOSTON, Massachusetts, United States
Custodian FIRST CITIZENS BANK SAN FRANCISCO, California, United States Related to adviser: No
Custodian JPMORGAN CHASE BANK, NATIONAL ASSOCIATION NEW YORK, New York, United States Related to adviser: No
Custodian STIFEL BANK ST LOUIS, Missouri, United States Related to adviser: No
Marketer ISPARTNERS INVESTMENT SOLUTIONS AG ZURICH, Switzerland Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
Yes

BDO
PCAOB 243

FIRST CITIZENS BANK
LEI 549300ZX7CMZ93QCZQ91

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
LEI 7H6GLXDRUGQFU57RNE97

ISPARTNERS INVESTMENT SOLUTIONS AG
CRD 169224 · SEC 801-79023

Fund details & source
Fund ID
805-5636727047
Reported beneficial owners
56
Minimum commitment
$100K
Form D file number
021-430840

Form ADV 2077910 · Mar 20, 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.

TRANSFORMATION CAPITAL FUND III-A, L.P.Venture Capital Fund · Last reported Mar 20, 2026$501MGross asset value

Form D fundraising filings

Transformation Capital Fund III-A, L.P.

Fund administrator ULTIMUS LEVERPOINT MANAGEMENT, LLC NEW YORK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor BDO BOSTON, Massachusetts, United States
Custodian FIRST CITIZENS BANK SAN FRANCISCO, California, United States Related to adviser: No
Custodian JPMORGAN CHASE BANK, NATIONAL ASSOCIATION NEW YORK, New York, United States Related to adviser: No
Custodian STIFEL BANK ST LOUIS, Missouri, United States Related to adviser: No
Marketer ISPARTNERS INVESTMENT SOLUTIONS AG ZURICH, Switzerland Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
Yes

BDO
PCAOB 243

FIRST CITIZENS BANK
LEI 549300ZX7CMZ93QCZQ91

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
LEI 7H6GLXDRUGQFU57RNE97

ISPARTNERS INVESTMENT SOLUTIONS AG
CRD 169224 · SEC 801-79023

Fund details & source
Fund ID
805-6649174120
Reported beneficial owners
73
Minimum commitment
$435K
Form D file number
021-430842

Form ADV 2077910 · Mar 20, 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.

TRANSFORMATION FUND I L.P.Venture Capital Fund · Last reported Mar 20, 2026$342MGross asset value

Feeder funds

  • TRANSFORMATION INVESTORS I (CAYMAN FEEDER), L.P.
  • TRANSFORMATION INVESTORS I L.P.
Fund administrator ULTIMUS LEVERPOINT MANAGEMENT, LLC NEW YORK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor BDO BOSTON, Massachusetts, United States
Custodian JPMORGAN CHASE BANK, NATIONAL ASSOCIATION NEW YORK, New York, United States Related to adviser: No
Custodian SILICON VALLEY BANK SAN FRANCISCO, California, United States Related to adviser: No
Marketer ISPARTNERS INVESTMENT SOLUTIONS AG ZURICH, Switzerland Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
Yes

BDO
PCAOB 243

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
LEI 7H6GLXDRUGQFU57RNE97

ISPARTNERS INVESTMENT SOLUTIONS AG
CRD 169224 · SEC 801-79023

Fund details & source
Fund ID
805-5793495168
Reported beneficial owners
53
Minimum commitment
$5M
Form D file number
021-262360

Form ADV 2077910 · Mar 20, 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.

TRANSFORMATION CAPITAL FUND IV, L.P.Venture Capital Fund · Last reported Mar 20, 2026$323MGross asset value

Form D fundraising filings

Transformation Capital Fund IV, L.P.

Fund administrator ULTIMUS LEVERPOINT MANAGEMENT, LLC NEW YORK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor BDO BOSTON, Massachusetts, United States
Custodian SILICON VALLEY BANK SAN FRANCISCO, California, United States Related to adviser: No
Custodian STIFEL BANK ST LOUIS, Missouri, 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

BDO
PCAOB 244

STIFEL BANK
LEI JY55GUVP9NLVWS4QEU03

Fund details & source
Fund ID
805-7770441416
Reported beneficial owners
51
Minimum commitment
$150K
Form D file number
021-554595

Form ADV 2077910 · Mar 20, 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.

TRANSFORMATION CAPITAL FUND IV-A, L.P.Venture Capital Fund · Last reported Mar 20, 2026$237MGross asset value

Form D fundraising filings

Transformation Capital Fund IV-A, L.P.

Feeder funds

  • TRANSFORMATION CAPITAL FUND IV (CAYMAN FEEDER) L.P.
Fund administrator ULTIMUS LEVERPOINT MANAGEMENT, LLC NEW YORK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor BDO BOSTON, Massachusetts, United States
Custodian SILICON VALLEY BANK SAN FRANCISCO, California, United States Related to adviser: No
Custodian STIFEL BANK ST LOUIS, Missouri, 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

BDO
PCAOB 243

STIFEL BANK
LEI JY55GUVP9NLVWS4QEU03

Fund details & source
Fund ID
805-9816137505
Reported beneficial owners
40
Minimum commitment
$500K
Form D file number
021-554596

Form ADV 2077910 · Mar 20, 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.

TRANSFORMATION CAPITAL PARTNERS I-DV, L.P.Venture Capital Fund · Last reported Mar 20, 2026$209MGross asset value

Form D fundraising filings

Transformation Capital Partners I-DV, L.P.

Fund administrator ULTIMUS LEVERPOINT MANAGEMENT, LLC NEW YORK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Custodian STIFEL BANK ST LOUIS, Missouri, 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
805-9071707454
Reported beneficial owners
3
Minimum commitment
$1M
Form D file number
021-498971

Form ADV 2077910 · Mar 20, 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 20, 2026. View historical filings

Reported services

Not reported in these imported fields

Compensation

Not reported in these imported fields

Principal office

699 BOYLSTON STREET, 2ND FLOOR
BOSTON, MA, 02116, United States

CRD 307367

Filing source

Form ADV 2077910 · Mar 20, 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.