Investment adviser · CRD 318447

TWELVE BELOW

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.

TWELVE BELOW LLC

NEW YORK, NY, United States · Form ADV filed Mar 5, 2026

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

Private funds & service providers

5 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.

TWELVE BELOW II LPVenture Capital Fund · Last reported Mar 5, 2026$79MGross asset value

Form D fundraising filings

Twelve Below II LP

Fund administrator ADURO ADVISORS LLC DENVER, Colorado, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor BDO USA, LLP PHILADELPHIA, Pennsylvania, United States
Custodian CARTA SECURITIES, LLC SAN FRANCISCO, 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

BDO USA, LLP
PCAOB 243

CARTA SECURITIES, LLC
SEC 8-69701

Fund details & source
Fund ID
805-4168056617
Reported beneficial owners
33
Minimum commitment
$0
Form D file number
021-474707

Form ADV 2060387 · Mar 5, 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.

TWELVE BELOW I LPVenture Capital Fund · Last reported Mar 5, 2026$63.9MGross asset value

Form D fundraising filings

Twelve Below I LP

Fund administrator ADURO ADVISORS LLC DENVER, Colorado, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor BDO USA, LLP PHILADELPHIA, Pennsylvania, United States
Custodian CARTA SECURITIES, LLC SAN FRANCISCO, 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

BDO USA, LLP
PCAOB 243

CARTA SECURITIES, LLC
SEC 8-69701

Fund details & source
Fund ID
805-9739201018
Reported beneficial owners
43
Minimum commitment
$0
Form D file number
021-407275

Form ADV 2060387 · Mar 5, 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.

TWELVE BELOW TWILIGHT LPVenture Capital Fund · Last reported Mar 5, 2026$28.9MGross asset value

Form D fundraising filings

Twelve Below Twilight LP

Fund administrator ADURO ADVISORS LLC DENVER, Colorado, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor BDO USA, LLP PHILADELPHIA, Pennsylvania, United States
Custodian CARTA SECURITIES, LLC SAN FRANCISCO, 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

BDO USA, LLP
PCAOB 243

CARTA SECURITIES, LLC
SEC 8-69701

Fund details & source
Fund ID
805-1725366602
Reported beneficial owners
8
Minimum commitment
$1M
Form D file number
021-474709

Form ADV 2060387 · Mar 5, 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.

TWELVE BELOW STONE LLCVenture Capital Fund · Last reported Mar 5, 2026$5MGross asset value
Fund administrator ADURO ADVISORS LLC DENVER, Colorado, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Provider details
Annual audit
No
Prime brokers
No
Custodians
No
Administrator other than the adviser
Yes
External marketing
No
Fund details & source
Fund ID
805-7020833763
Reported beneficial owners
1
Minimum commitment
$0
Form D file number
021-9999999999

Form ADV 2060387 · Mar 5, 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.

TWELVE BELOW ROCK LLCVenture Capital Fund · Last reported Mar 5, 2026$3MGross asset value
Fund administrator ADURO ADVISORS LLC DENVER, Colorado, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Provider details
Annual audit
No
Prime brokers
No
Custodians
No
Administrator other than the adviser
Yes
External marketing
No
Fund details & source
Fund ID
805-7728117535
Reported beneficial owners
3
Minimum commitment
$0
Form D file number
021-9999999999

Form ADV 2060387 · Mar 5, 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 5, 2026. View historical filings

Reported services

Not reported in these imported fields

Compensation

Not reported in these imported fields

Principal office

85 5TH AVENUE, 7TH FLOOR
NEW YORK, NY, 10003, United States

CRD 318447

Filing source

Form ADV 2060387 · Mar 5, 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.