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B•••••••• E•••••

Hybrid managerClassification probableunsized· Manhattan Beach, CA

••• Locked

PE funds
1
Form ADV
Investments held
1 of 3
DFX transaction tape
Deals, last 12 months
0
DFX transaction tape
As of · identity and classification; each section below carries its own date

Nothing material in the last 180 days. No dated change on record yet.

Classification, Form ADV and stated criteria
How this organization is classified, and on what basisHybrid manager · 1 in historyShow
Class
Hybrid managerprobable, confidence 65%
Basis
Private Equity Funds are 0 of 1 distinct vehicles; hedge, securitized or liquidity vehicles 0
Size band
unsizeddefined by: no Private Equity Fund GAV on a filing from 2021 or later
Classification history (1)
  1. Sep 14, 2026
    Hybrid manager (probable, 65%)
    Private Equity Funds are 0 of 1 distinct vehicles; hedge, securitized or liquidity vehicles 0
Regulatory footprint (Form ADV)1 PE funds · filed Mar 25, 2026Show
Adviser type
unknown
Form ADV filings
? to Mar 25, 2026
RAUM
unknownregulatory assets under management of the adviser; not dry powder, not a fund size
PE funds, latest filing
1
PE fund GAV, latest filing
unknownreported gross assets (Form ADV), not fund size
All private fund GAV
$26.5Mevery private fund type, latest filing
2024 PE fund GAV
unknownsum over funds typed Private Equity Fund with a 2024 or later as-of date
PE share of funds, lifetime
unknown
Employees
unknown
Stated criteria beside observed behaviour1 of 8 criteria stated · 3 observed dealsShow
Stated by the firm
Sectors
not stated or not yet read
Geography
not stated or not yet read
Revenue
not stated or not yet read
EBITDA
not stated or not yet read
Enterprise value
not stated or not yet read
Equity check
not stated or not yet read
Control
not stated or not yet read
Thesis
••• Locked
Observed from deals on record
On record
3 companies, 3 holdings, 1 transaction
Period
2025 (2 dated observations, 2 holdings undated)
Most deals
Software (1 of 3, e.g. Disruptive software built for the modern era)
Subsectors
Software (1 of 3)
Deal roles
3 with role not stated
Control
3 not stated
Where
Ca (1 of 3)
By year
2025: 1 other deal

3 companies on the graph (1 transaction); most in software (1); observed 2025 to 2025

Funds
0 families, 0 vehicles on record
No fund collected for this firm yet. Funds arrive from Form ADV Schedule D 7.B.(1) and Form D filings.
Team
6 current, 0 former
Full team · 6 peoplegrouped by role, with sources
Managing partner (3)
Vice president (3)
Deals
3 on record, newest first · 0 platforms · 0 add-ons
DateCompanyDealThis firm’s roleStatusPartnerSource
Jun 24, 2025H••••••• T•••• I•••Growth investmentSponsor (confirmed)active
held 1.3 years
N••• L••••• (confirmed)haystackteam.com
date unknownH•••••••Portfolio relationshipRole unknownunknownunknownFact Firm website
date unknownD••••••••• s••••••• b•••• f•• t•• m••••• e••Portfolio relationshipRole unknownunknownunknownFact Firm website
Placement agents, lenders, advisers and co-investors
2 relationships
Financial advisers (2)
  • K••••••• T••••••••• 1 shared · one time · last Jun 24, 2025
  • S••••••• E••••• G•••• 1 shared · one time · last Jun 24, 2025
LP commitments
0 LPs, 0 disclosed commitments
No LP commitment collected yet. An LP edge needs a public disclosure with a quote, such as a pension plan’s report or an announcement naming the LP.
Events
2 not already shown above, of 3 most recent
  1. Aug 7, 2025
    ••• Locked
    New PE adviser on rosterFactForm ADV
  2. Jun 24, 2025
    ••• Locked
    Firm newsFactFirm website
Full timeline · 3 eventsnewest first, including the LP commitments and deals above
  1. Aug 7, 2025
    ••• Locked
    New PE adviser on rosterFactForm ADV
  2. Jun 24, 2025
  3. Jun 24, 2025
    ••• Locked
    Firm newsFactFirm website
Across the graphs

B•••••••• E••••• is the same institution as 2 records in Independent Sponsors and RIA and Wealth.

Independent Sponsors1RIA and Wealth1

Which record it is in each graph, what it is called there, and what the two were joined on. The Data Factory holds all nine graphs and the identity layer between them.

Checking your plan…

Not yet on record: regulatory AUM, PE fund assets.