Stripes, LLC

Growth equityClassification probableUpper middle marketSEC registered investment adviser· New York, NYSTRIPESGROUP.COM

Stripes invests globally in companies with amazing products for consumers and businesses and helps them scale.

Regulatory AUM
$8.1B
PE fund assets
$8.1B
PE funds
52
Investments held
152 of 179
Deals, last 12 months
1
As of · identity and classification; each section below carries its own date

2 additional team members, 8 additional counterparties and placement agents, 234 additional funds, deals and LP commitments

Every relationship, signal and contact on this record, with the source on each.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

What matters now

  1. Form D
    new offering

    Filed a Form D on 8 Apr 2026, the first public sign that a vehicle is taking commitments.

    A vehicle in market is when LPs and placement agents can still get in.

    FactSEC Form DFor LPs, placement agentsFund families →

People to know

View all people
  • Vice President
    Why: Runs the firm (chief executive or president)
    Profile

Capital path

who backs this record, through what, into what; each name opens its own path
Fund families
All 17
Stripes, LLC
Lenders and advisers
  • J.P. Morgan Securities LLCplacement agent, 11 shared
  • Magenta Capital Services, Ltdplacement agent, 6 shared
  • Evercore Group L.L.C.placement agent, 5 shared
All 7

Relationship network

250 connected entities1 observed dealdeals 2025

From announced deals and their parties, Form ADV and Form D filings, the firm's funds and team, and disclosed LP commitments in the private equity graph. Dollar figures appear only where a source disclosed one.

Some relationships on this record are counted rather than named here. They open with the full profile.

Click any name or line for the deals and sources behind it. Line weight is deals together; dashed lines are inferred.

Reading the network
  • Company
  • Service provider
  • Fund or vehicle
  • Person
›How strength and recency are read

Strength is read from the deals: three or more is a strong observed relationship, two a repeat counterparty, one a single interaction. People and vehicles are structural. Nothing is scored that a reader cannot check.

Darker lines were active in the last 24 months or are current; lighter lines are older or undated.

Classification, Form ADV and stated criteria

How this organization is classified, and on what basisGrowth equity · 2 in historyShow
Class
Growth equityprobable, confidence 70%
Basis
18 of 34 private equity vehicles are named growth
Size band
Upper middle marketdefined by: proxy: $8.13bn Private Equity Fund GAV on the Form ADV filed 2026-03-30
Strategies
Growth equity, secondaries
Classification history (2)
  1. Sep 23, 2026
    Growth equity (probable, 70%)
    18 of 34 private equity vehicles are named growth
  2. Sep 13, 2026
    Growth equity (probable, 70%)
    18 of 33 private equity vehicles are named growth
Regulatory footprint (Form ADV)RAUM $8.1B · 52 PE funds · filed Mar 30, 2026Show
Adviser type
Registered investment adviser
Form ADV filings
Feb 14, 2012 to Mar 30, 2026
RAUM
$8.1Bregulatory assets under management of the adviser; not dry powder, not a fund size
PE funds, latest filing
52
PE fund GAV, latest filing
$8.1Breported gross assets (Form ADV), not fund size
All private fund GAV
$8.1Bevery private fund type, latest filing
2024 PE fund GAV
$8.1Bsum over funds typed Private Equity Fund with a 2024 or later as-of date
PE share of funds, lifetime
100%
Fund type mix
  • Private equity fund: 52 funds, $8.1B reported gross assets, 60 ever reported
Form ADV filed Mar 30, 2026
Employees
45
Headquarters
New York, NY
Stated criteria beside observed behaviour3 of 8 criteria stated · 178 observed dealsShow
Stated by the firm
Sectors
Consumer
Geography
United States
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
We invest in companies with amazing products for consumers and businesses and act as an of-service partner to help accelerate growth
Observed from deals on record
On record
178 companies, 179 holdings, 1 transaction
Period
2025 to 2026 (3 dated observations, 177 holdings undated)
Most deals
Software (12 of 178, e.g. Current Cypress End-to-end application software testing and Fireblocks), healthcare services (6 of 178), financial services (5 of 178) and 5 more
Subsectors
Software (12 of 178), financial services (5 of 178), outpatient specialty clinics (3 of 178), fitness recreation (3 of 178) and 4 more
Deal roles
1 minority stake, 178 with role not stated
Control
1 minority, 178 not stated
Where
Tx (1 of 178), ma (1 of 178)
By year
2025: 1 other deal

178 companies on the graph (1 transaction); most in software (12); observed 2025 to 2026

Funds

17 families, 60 vehicles on record

Decision makers

who to call first, and why; then everyone else by function
  • Jim Sincavage · Vice President
    Why this person: Runs the firm (chief executive or president); Named with investment responsibility; Confirmed current on the firm's own site 2026-10-01
    LinkedIn or profile link on file (their bio on the firm's website, firm website), confirmed 2026-10-01, confidence 90%
Who else at this firm · 2 people, grouped by function
Finance, operations and compliance (1)
Also on record (1)
  • Kenneth a Fox · Sole Member
    Why this person: Sole Member at the firm

Ranked by the role the firm or its filing states, a route on file and deals led. Every reason is read from the record, never inferred. 1 with a route on file. Routes are published by the person or the firm (their bio, the team page or a filing) and are revealed on a plan; data bought from a provider is never shown, and a route printed at a firm the person has since left is held back.

Team

4 current, 1 former

Deals

179 on record, newest first · 0 platforms · 0 add-ons
DateCompanyDealThis firm’s roleStatusPartnerSource
Jan 8, 2026
venture round
Pomelo CarePortfolio relationshipMinorityactive
held 9 months
unknownFact Firm website
Oct 30, 2025La La LandGrowth investmentSponsor (confirmed)active
held 11 months
Jim Sincavage (confirmed)prnewswire.com
date unknownCurrent KHAITE Luxury womenswear and accessoriesPortfolio relationshipRole unknownactiveunknownFact DFX cross-reference

Portfolio credit

1 of 2 portfolio companies on BDC schedules at Jun 30, 2026
On BDC schedules
1 of 2 linked
at Jun 30, 2026
Principal held
$12.1M
1 lenders
Weighted mark
100.3
unchanged on the quarter, same 1
Non-accrual now
0
0 placed at Jun 30, 2026
Marked down
0
2 pts or more on the quarter
Maturing in 12 months
0
none stated
What the filings say
  • 1 portfolio company on a BDC schedule at Jun 30, 2026: 1 with ownership stated current, 0 listed on a portfolio page with no date or status.
  • Lenders mark them at 100.3 on cost, weighted by principal (1 borrower with a mark inside the plausible band).
  • On the 1 borrower marked at both Mar 31, 2026 and Jun 30, 2026, the weighted mark moved 0 points; 0 fell 2 points or more and 0 rose 2 points or more.
Ask DFX about this sponsor’s credit
Following sends lender mark changes and non-accrual on these companies to your digest.
Show the credit outlook: 1 borrowers, 1 lenders, 8 quartersas of Jun 30, 2026

1 borrower is in every figure above and named with Private Credit Intelligence.

Who lends to them, at Jun 30, 2026

    1 lender is counted here and named with Private Credit Intelligence.

    The same portfolio companies, eight quarter ends back
    Quarter endHeldPrincipalMarkNon-accrual placedPIK added or up
    Sep 30, 20241$14.3M101.100
    Dec 31, 20241$28.6M101.000
    Mar 31, 20251$14.3M100.500
    Jun 30, 20251$13.3M100.700
    Sep 30, 20251$13.2M100.500
    Dec 31, 20251$13.2M100.400
    Mar 31, 20261$12.1M100.300
    Jun 30, 20261$12.1M100.300

    A look back at today’s portfolio companies, not a record of what the sponsor owned then. Mark is fair value over cost across every position inside the plausible band.

    How to read it
    • A mark is the lender's own fair value over cost for the quarter. Below 90 means the lender carries the loan at a discount of 10 or more on the dollar; it is that lender's valuation, not DFX's.
    • Two lenders on the same facility 10 points apart are valuing the same loan differently; which one is right is not something a schedule of investments says.
    • Non-accrual is read from the BDC's own footnote, never inferred from a mark. PIK is interest the borrower pays in more debt rather than cash.
    • No forecast is made here. DFX does not publish a default or distress prediction for a sponsor.

    Population: portfolio companies matched to a BDC borrower by an identity-graded bridge, on a BDC schedule of investments at Jun 30, 2026, ownership not recorded as exited. Firms whose own BDC lends to the company, and private credit managers, are left out: that is lending, not ownership. Marks, principal and accrual status are the BDCs' own filed figures; the quarter before is Mar 31, 2026.

    Open the full credit outlook

    Placement agents, lenders, advisers and co-investors

    7 relationships
    Placement agents (7)
    • J.P. Morgan Securities LLC 11 shared · very strong · last Apr 8, 2026
    • Magenta Capital Services, Ltd 6 shared · very strong · last Apr 8, 2026
    • Evercore Group L.L.C. 5 shared · very strong · last Jan 1, 2023

    Placement agents by fund generation

    7 agents, 3 on the 2025 generation
    AgentFundsYearsStrategiesLatest generation
    J.P. Morgan Securities LLC11vintages 2020 to 2025Co-Investon it
    Magenta Capital Services, Ltd6vintages 2022 to 2025Co-Investon it
    Campbell Lutyens & Co. Inc.1vintage 2025Co-Investon it

    From Form ADV Schedule D, which names the placement agents on each private fund an adviser reports, year by year.

    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. Mar 30, 2026
      Stripes, LLC: Private Equity Funds on Form ADV 47 (2024 extract) -> 52 (roster 2026-09-01)
      PE fund count changedFactForm ADV
    2. Feb 14, 2012
      Stripes, LLC first filed Form ADV in the extract (IA)
      First Form ADV filingFactForm ADV
    Across the graphs

    Stripes, LLC is the same institution as 5 records in Independent Sponsors, RIA and Wealth, Venture Capital, Allocators and Private Credit.

    Independent Sponsors1RIA and Wealth1Venture Capital1Allocators1Private Credit1

    DFX found 5 relationships across 5 datasets

    Which record it is in each graph, what it is called there, and how the two were matched.

    Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

    Checking your plan…

    Capital chain

    Stripes, LLC sits on 15 traced paths of capital across the graphs.

    Allocator commitments to a managerPE sponsor to borrower to facility to lender

    DFX traced 15 paths of capital through this record

    Every record on each path, what it committed or lent, and as of when.

    Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

    Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.

    Checking your plan…

    Fits

    2 scored matches, best firstas of
    • Buyer for a company
      score 30.1confidence 35%
      Why: observed subsector deals
      Why now: sponsor fund active deployment; sponsor fund early deployment; sponsor fund successor fundraising
    • Buyer for a company
      score 22.1confidence 35%
      Why: observed subsector deals
      Why now: sponsor fund active deployment; sponsor fund early deployment; sponsor fund successor fundraising

    Scored by DFX match engines from the record's observed portfolio, stage, geography and recent activity. A fit is a reason to look, not a mandate; the blockers say what the model could not confirm. Names and the evidence sentences show with the names on this page.

    Record history

    6 dated events on the change ledger, latest event first
    • PE fund count changed
      2026-03-30source on record
    • Growth investment
      2025-10-30source on record
    • Platform investment
      2025-10-30source on record

    +3 more changes on this record's ledger

    Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

    The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.