Investment adviser · CRD 327754

WATERSHED COLLECTIVE LLC

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.

· Form ADV filed Mar 31, 2026

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

Private funds & service providers

14 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.

WATERSHED FUND I, LPVenture Capital Fund · Last reported Mar 31, 2026$42MGross asset value

Form D fundraising filings

Watershed Fund I, LP

Fund administrator CARTA INVESTOR SERVICES, INC. SAN FRANCISCO, California, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor WITHUMSMITH+BROWN, PC NEW YORK, New York, United States
Custodian GRASSHOPPER BANK, NA 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
805-2319651231
Reported beneficial owners
88
Minimum commitment
$0
Form D file number
021-413954

Form ADV 2075446 · Mar 31, 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.

WATERSHED SPV XV, A SERIES OF WATERSHED SPVS LLCVenture Capital Fund · Last reported Mar 31, 2026$4.1MGross asset value

Form D fundraising filings

Watershed SPV XV, a Series of Watershed SPVs LLC

Custodian GRASSHOPPER BANK, NA NEW YORK, New York, United States Related to adviser: No
Provider details
Annual audit
No
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
No
External marketing
No
Fund details & source
Fund ID
805-1510338550
Reported beneficial owners
57
Minimum commitment
$0
Form D file number
021-522104

Form ADV 2075446 · Mar 31, 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.

WATERSHED SPV XI, LLCVenture Capital Fund · Last reported Mar 31, 2026$1.56MGross asset value

Form D fundraising filings

Watershed SPV XI, LLC

Custodian GRASSHOPPER BANK, NA NEW YORK, New York, United States Related to adviser: No
Provider details
Annual audit
No
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
No
External marketing
No
Fund details & source
Fund ID
805-3511776373
Reported beneficial owners
41
Minimum commitment
$0
Form D file number
021-441166

Form ADV 2075446 · Mar 31, 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.

WATERSHED SPV XIII, LLCVenture Capital Fund · Last reported Mar 31, 2026$1.47MGross asset value

Form D fundraising filings

Watershed SPV XIII, LLC

Custodian GRASSHOPPER BANK, NA NEW YORK, New York, United States Related to adviser: No
Provider details
Annual audit
No
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
No
External marketing
No
Fund details & source
Fund ID
805-2052840878
Reported beneficial owners
34
Minimum commitment
$0
Form D file number
021-441170

Form ADV 2075446 · Mar 31, 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.

WATERSHED SPV I, A SERIES OF WATERSHED SPVS LLCVenture Capital Fund · Last reported Mar 31, 2026$1.11MGross asset value

Form D fundraising filings

Watershed SPV I, a Series of Watershed SPVs LLC

No provider names available in this fund's imported disclosure.

Provider details
Annual audit
No
Prime brokers
No
Custodians
No
Administrator other than the adviser
No
External marketing
No
Fund details & source
Fund ID
805-6787831917
Reported beneficial owners
12
Minimum commitment
$0
Form D file number
021-376220

Form ADV 2075446 · Mar 31, 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.

WATERSHED SPV XIV, A SERIES OF WATERSHED SPVS LLCVenture Capital Fund · Last reported Mar 31, 2026$800KGross asset value

Form D fundraising filings

Watershed SPV XIV, a Series of Watershed SPVs LLC

Custodian GRASSHOPPER BANK, NA NEW YORK, New York, United States Related to adviser: No
Provider details
Annual audit
No
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
No
External marketing
No
Fund details & source
Fund ID
805-3067303761
Reported beneficial owners
26
Minimum commitment
$0
Form D file number
021-503918

Form ADV 2075446 · Mar 31, 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.

WATERSHED KINTSUGI SPV, A SERIES OF ASSURE LABS 2021, LLCVenture Capital Fund · Last reported Mar 31, 2026$310KGross asset value

Form D fundraising filings

Watershed Kintsugi SPV, a series of Assure Labs 2021, LLC

No provider names available in this fund's imported disclosure.

Provider details
Annual audit
No
Prime brokers
No
Custodians
No
Administrator other than the adviser
No
External marketing
No
Fund details & source
Fund ID
805-2192590236
Reported beneficial owners
13
Minimum commitment
$0
Form D file number
021-397243

Form ADV 2075446 · Mar 31, 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 31, 2026. View historical filings

Reported services

Not reported in these imported fields

Compensation

Not reported in these imported fields

Principal office

CRD 327754

Filing source

Form ADV 2075446 · Mar 31, 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.