DFX Intelligence
RIA Intelligence
Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.
SEC-registered adviser
Sands Capital Alternatives, LLC
Latest filing Jul 28, 2026
First filing on the tape Mar 29, 2012 · 29 filings
SEC status approved since May 20, 2011
RAUM
$5.4B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
182
66 advisory (5.B.1)
Offices
5
beyond the principal office
Private funds
34
reported on Schedule D
History
29 filings and snapshots on the tape
RAUM$5.4B as of Jul 28, 2026
Mar 29, 2012$5.3M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Jul 28, 2026
Mar 29, 20120 then
Employees (5.A)182 as of Jul 28, 2026
Mar 27, 20136 then
Private funds34 as of Jul 28, 2026
Mar 29, 20122 then
RAUM +68% over the last fiscal year+26% a year over threeIARs 0 to 0offices 6 to 5
Practice profile
derived from the filing of Jul 28, 2026; every figure names its basis
- RAUM per advisor
- unknownderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- unknownderivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- unknownderivedHNW RAUM over HNW clients
- Average account
- $146MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 3.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- unknownderivedItem 5.A over advisors
- Advisors per office
- unknownderived6 offices incl. principal (1.F.5)
- RAUM growth, one year
- +68%derivedbetween the last two annual amendments
- Advisor growth, one year
- unknownderivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- percentage of assets, performance-basedreportedItem 5.E
- Advisory activities
- portfolio management for businesses and institutions, portfolio management for pooled vehiclesreportedItem 5.G
- Custody
- $5.2B, 34 clientsreportedItem 9.A
- Ownership
- no PE, bank or public-company owner found on Schedule Aderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- buys or sells securities as principal to or from clients (8.A.2)
- has discretionary authority over which securities are bought or sold (8.C.1)
- receives research or other products from a broker-dealer, soft dollars (8.E)
- compensates persons for client referrals (8.G.1)
- compensates non-employees for client referrals (8.G.2)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
- a related person has custody of client cash (9.B.1.a)
- a related person has custody of client securities (9.B.1.b)
- an independent public accountant performs a surprise examination (9.C.1)
- marketing includes testimonials (5.L.1.c)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pooled investment vehicles$5.2B97%
- Pension and profit-sharing plans$163M3.0%
- Individual clients
- 0reported
- HNW clients
- 0reported
- Pension plan clients
- n/areported
- Charitable clients
- 0reported
- Accounts
- 37reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- $5.2B for 34 clientsreported
- Compensation
- % of AUM, performancereported
- Class basis
- private_client_share=0.0 fund_share=0.97 institutional_share=0.03 related_bd=false related_bank=true bd_reps=0.0derived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
none on the tape
Joined, latest
none on the tape
Private funds
44 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| Sands Capital Global Innovation Fund II, L.P. | Private Equity Fund | $393M | 265 | Mar 31, 2022 |
| Sands Capital Life Sciences Pulse Fund II, L.P. | Private Equity Fund | $237M | 196 | Mar 31, 2022 |
| Sands Capital Global Venture Fund II, L.P. | Venture Capital Fund | $175M | 107 | Mar 29, 2019 |
| Sands Capital Global Venture Fund I, L.P. | Venture Capital Fund | $171M | 58 | Mar 30, 2017 |
| Sands Capital Global Innovation Fund, L.P. | Private Equity Fund | $143M | 90 | Mar 30, 2020 |
| Sands Capital Global Innovation Fund C-1, L.P. | Private Equity Fund | $139M | 33 | Mar 30, 2020 |
| Sands Capital Global Venture Fund III, L.P. | Venture Capital Fund | $96.1M | 134 | Mar 31, 2022 |
| Sands Capital Global Innovation Fund II-X, L.P. | Private Equity Fund | $76.3M | 265 | Mar 27, 2024 |
| Sands Capital Life Sciences Pulse Fund, L.P. | Private Equity Fund | $47.3M | 80 | Mar 30, 2020 |
| Sands Capital Global Private Growth Fund I, L.P. | Venture Capital Fund | $43.0M | 82 | Mar 30, 2015 |
| Sands Capital Global Innovation Fund II-Klv, L.P. | Private Equity Fund | $25.0M | 117 | Mar 31, 2022 |
| Sands Capital Life Sciences Pulse Fund C-1, L.P. | Private Equity Fund | $24.2M | 22 | Mar 30, 2020 |
| Sands Capital Private Growth Bb Fund, L.P.no longer reported | Venture Capital Fund | $22.7M | 24 | Mar 30, 2017 |
| Scm-S72-1, LLC | Venture Capital Fund | $20.8M | 18 | Mar 27, 2013 |
| Sands Capital Global Innovation Fund II-Gst, L.P. | Private Equity Fund | $19.1M | 118 | Mar 31, 2022 |
| Sands Capital Private Growth Fund II-Blbk, L.P. | Venture Capital Fund | $18.5M | 73 | Mar 29, 2019 |
| Scv-K8-1, LLC, Series D | Venture Capital Fund | $16.5M | 9 | Mar 28, 2018 |
| Sands Capital Global Innovation Fund-Sx, L.P. | Private Equity Fund | $15.1M | 93 | Mar 29, 2021 |
| Sands Capital Private Growth Fund-Fc, L.P.no longer reported | Venture Capital Fund | $13.8M | 75 | Mar 29, 2019 |
| Sands Capital Global Innovation Fund-Uip, L.P. | Private Equity Fund | $11.4M | 75 | Mar 30, 2020 |
| Scv-K8-1, LLC, Series B | Venture Capital Fund | $10.0M | 11 | Mar 28, 2014 |
| Sands Capital Global Venture Fund III-Sfr, L.P. | Venture Capital Fund | $8.1M | 98 | Mar 27, 2024 |
| Sands Capital Global Innovation Fund-X, L.P. | Private Equity Fund | $7.7M | 90 | Mar 30, 2020 |
| Sands Capital Global Innovation Fund-Sms, L.P. | Private Equity Fund | $7.6M | 77 | Mar 29, 2021 |
| Sands Capital Global Innovation Fund C-1-X, L.P. | Private Equity Fund | $7.5M | 33 | Mar 30, 2020 |
| Sands Capital Private Growth Fund II-Uh, L.P. | Venture Capital Fund | $5.5M | 71 | Mar 29, 2019 |
| Sands Capital-Dr Fund, L.P. | Private Equity Fund | $5.0M | 78 | Mar 30, 2020 |
| Sands Capital Private Growth Fund II-Mb, L.P.no longer reported | Venture Capital Fund | $5.0M | 66 | Mar 29, 2019 |
| Sands Capital Private Growth Fund-Mm, L.P. | Venture Capital Fund | $5.0M | 67 | Mar 29, 2019 |
| Sands Capital Private Growth Fund-Hc, L.P.no longer reported | Venture Capital Fund | $5.0M | 70 | Mar 29, 2019 |
| Sands Capital Ventures Fund-Slk, L.P.no longer reported | Venture Capital Fund | $4.5M | 79 | Mar 29, 2019 |
| Sands Capital Private Growth Fund III-Dc, L.P. | Venture Capital Fund | $4.4M | 81 | Mar 29, 2019 |
| Sands Capital Global Venture Fund I-Upg, L.P. | Venture Capital Fund | $4.3M | 84 | Mar 31, 2023 |
| Sands Capital Private Growth Fund-Hc2, L.P.no longer reported | Venture Capital Fund | $3.8M | 10 | Mar 30, 2017 |
| Sands Capital Private Growth Bb Fund-2, L.P.no longer reported | Venture Capital Fund | $3.0M | 6 | Mar 28, 2018 |
| Sands Capital Global Innovation Fund Byjus, L.P. | Private Equity Fund | $2.4M | 98 | Mar 29, 2021 |
| Sands Capital Private Growth Fund-Hc3, L.P.no longer reported | Venture Capital Fund | $880,329 | 8 | Mar 28, 2018 |
| Scv-B7-1, LLCno longer reported | Venture Capital Fund | $500,377 | 12 | Mar 28, 2014 |
| Scv-K8-1, LLC, Series C | Venture Capital Fund | $440,333 | 9 | Mar 17, 2016 |
| Scv - Ff - 1, LLCno longer reported | Venture Capital Fund | $141,973 | 14 | Mar 29, 2012 |
Owners and control persons
Schedule A and B, latest filing
- Paul Jonathan Goodman · General Counsel And Secretarycontrolsince 03/2013 · owns less than 5%
- W Ian Ratcliffe · Executive Managing Director, Executive Managing Partnercontrolsince 03/2018 · owns less than 5%
- Melville Frank Sands · Managercontrolsince 03/2017 · owns F of 2017 Eagle Holdings LLC
- Melville Frank Sands · Trusteecontrolsince 12/2001 · owns F of Frank M. Sands, Jr. Revocable Trust
- Melville Frank Sands · Managercontrolsince 12/2004 · owns F of Sands Family Trust, LLC
- Melville Frank Sands · Managercontrolsince 03/2022 · owns F of X67fsfam, LLC
- Rebecca Alexandra Fulk · Chief Compliance Officer, Senior Counselsince 03/2022 · owns less than 5%
- Elizabeth Erin Soule · Managing Director, Head Of Private Markets Finance And Operationssince 03/2014 · owns less than 5%
Entity owners
- Sands Capital Management, LP · Managing Member (Sole Member)direct · owns 75% or more
- Sands Family Trust, LLC · Managerdirect · owns less than 5%
- 2017 Eagle Holdings LLC · Memberindirect · owns 75% or more of X67fsfam, LLC
- Frank M. Sands, Jr. Revocable Trust · Memberindirect · owns 25% to 50% of Sands Family Trust, LLC
- Frank M. Sands, Jr. Revocable Trust · Memberindirect · owns 25% to 50% of 2017 Eagle Holdings LLC
- Sands Family Trust, LLC · General Partnerindirect · owns F of Sands Capital Management, LP
- South Dakota Trust Company, LLC · Trusteeindirect · owns F of X67fshej Trust
- South Dakota Trust Company, LLC · Trusteeindirect · owns F of X67fseni Trust
- X67fseni Trust · Memberindirect · owns 50% to 75% of 2017 Eagle Holdings LLC
- X67fsfam, LLC · Partnerindirect · owns 25% to 50% of Sands Capital Management, LP
- X67fshej Trust · Memberindirect · owns 50% to 75% of Sands Family Trust, LLC
Related persons
Schedule D 7.A
- Sands Capital Emerging Markets Growth Fund-Gp Limitedbankpooled vehicle sponsorn
- Sands Capital Emerging Markets Growth Fund-Gp, LLCbankpooled vehicle sponsorn
- Sands Capital Global Innovation Fund C-1-Gp, L.P.bankpooled vehicle sponsorn
- Sands Capital Global Innovation Fund C-1-Gp, LLCbankpooled vehicle sponsorn
- Sands Capital Global Innovation Fund II-Gp, L.P.bankpooled vehicle sponsorn
- Sands Capital Global Innovation Fund II-Gp, LLCpooled vehicle sponsorn
- Sands Capital Global Innovation Fund-Gp, L.P.bankpooled vehicle sponsorn
- Sands Capital Global Innovation Fund-Gp, LLCbankpooled vehicle sponsorn
- Sands Capital Global Innovation Fund-Public Opportunities-Gp, L.P.pooled vehicle sponsorn
- Sands Capital Global Innovation Fund-Public Opportunities-Gp, LLCpooled vehicle sponsorn
- Sands Capital Global Venture Fund I-Gp, L.P.bankpooled vehicle sponsorn
- Sands Capital Global Venture Fund I-Gp, LLCpooled vehicle sponsorn
- Sands Capital Global Venture Fund II-Gp, L.P.bankpooled vehicle sponsorn
- Sands Capital Global Venture Fund II-Gp, LLCpooled vehicle sponsorn
- Sands Capital Global Venture Fund III-Gp, L.P.bankpooled vehicle sponsorn
- Sands Capital Global Venture Fund III-Gp, LLCpooled vehicle sponsorn
- Sands Capital International Growth Fund-Gp, LLCbankpooled vehicle sponsorn
- Sands Capital Life Sciences Pulse Fund C-1-Gp, L.P.bankpooled vehicle sponsorn
- Sands Capital Life Sciences Pulse Fund C-1-Gp, LLCbankpooled vehicle sponsorn
- Sands Capital Life Sciences Pulse Fund II-Gp L.P.bankpooled vehicle sponsorn
- Sands Capital Life Sciences Pulse Fund II-Gp LLCpooled vehicle sponsorn
- Sands Capital Life Sciences Pulse Fund-Gp, L.P.bankpooled vehicle sponsorn
- Sands Capital Life Sciences Pulse Fund-Gp, LLCbankpooled vehicle sponsorn
- Sands Capital Life Sciences Pulse III-Gp, L.P.bankpooled vehicle sponsorn
- Sands Capital Life Sciences Pulse III-Gp, LLCpooled vehicle sponsorn
- Sands Capital Management, LLCinvestment adviserbanknRAUM $44B
- Sands Capital Partners Fund-Gp, L.P.pooled vehicle sponsorn
- Sands Capital Partners Fund-Gp, LLCpooled vehicle sponsorn
- Sands Capital Private Growth Fund-Gp, L.P.bankpooled vehicle sponsorn
- Sands Capital Private Growth Fund-Gp, LLCpooled vehicle sponsorn
Advisers that list Sands Capital Alternatives, LLC as a related person
- 137610 n
Offices
Schedule D 1.F, the 25 largest
- San Francisco, CA2 employees
- Fitzrovia London, United Kingdom1 employees
- New York City, NY1 employees
- San Juan, PR1 employees
- Incline Village, NV
- Singapore, Singapore
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- RAUM up 50 %Change between filings · filing Mar 30, 2026RAUM (Item 5.F) moved from $3,210,736,244 to $5,405,373,296 (+68.0%) between the annual amendments of 2025-03-31 and 2026-03-30; the peer median change was +13.0% (631 comparable advisers, 90.0th percentile of changes)peers: asset managers, $5B to $20B (631) · 90% percentile
What changed
consecutive filings, newest first
- Accounts · 33 to 37Jul 1, 2025 to Mar 30, 2026
- Advisory employees · 64 to 66Jul 1, 2025 to Mar 30, 2026
- Pooled vehicle clients · 31 to 34Jul 1, 2025 to Mar 30, 2026
- Assets in custody · $3.0B to $5.2BJul 1, 2025 to Mar 30, 2026
- Employees · 177 to 182Jul 1, 2025 to Mar 30, 2026
- Other offices · 6 to 5Jul 1, 2025 to Mar 30, 2026
- Private funds · 30 to 34Jul 1, 2025 to Mar 30, 2026
- Discretionary RAUM · $3.2B to $5.4BJul 1, 2025 to Mar 30, 2026
- Pension RAUM · $107M to $163MJul 1, 2025 to Mar 30, 2026
- Pooled vehicle RAUM · $3.1B to $5.2BJul 1, 2025 to Mar 30, 2026
- RAUM · $3.2B to $5.4BJul 1, 2025 to Mar 30, 2026
- Business name · SANDS CAPITAL VENTURES, LLC to SANDS CAPITAL ALTERNATIVES, LLCMar 31, 2025 to Jul 1, 2025
- Financial planning clients · unset to Mar 31, 2025 to Jul 1, 2025
- Legal name · SANDS CAPITAL VENTURES, LLC to SANDS CAPITAL ALTERNATIVES, LLCMar 31, 2025 to Jul 1, 2025
- Accounts · 26 to 33Oct 11, 2024 to Mar 31, 2025
- Advisory employees · 66 to 64Oct 11, 2024 to Mar 31, 2025
- Advisory activities · 1 to 2Oct 11, 2024 to Mar 31, 2025
- Pension plan clients · 0.0 to unsetOct 11, 2024 to Mar 31, 2025
- Pooled vehicle clients · 26 to 31Oct 11, 2024 to Mar 31, 2025
- Assets in custody · $2.9B to $3.0BOct 11, 2024 to Mar 31, 2025
- Employees · 181 to 177Oct 11, 2024 to Mar 31, 2025
- Private funds · 26 to 30Oct 11, 2024 to Mar 31, 2025
- Discretionary RAUM · $2.9B to $3.2BOct 11, 2024 to Mar 31, 2025
- Pension RAUM · unset to 107498515.0Oct 11, 2024 to Mar 31, 2025
- Pooled vehicle RAUM · $2.9B to $3.1BOct 11, 2024 to Mar 31, 2025
- RAUM · $2.9B to $3.2BOct 11, 2024 to Mar 31, 2025
- Accounts · 28 to 26Feb 6, 2024 to Mar 27, 2024
- Advisory employees · 48 to 66Feb 6, 2024 to Mar 27, 2024
- Pooled vehicle clients · 28 to 26Feb 6, 2024 to Mar 27, 2024
- Assets in custody · $2.7B to $2.9BFeb 6, 2024 to Mar 27, 2024
- Employees · 105 to 181Feb 6, 2024 to Mar 27, 2024
- Other offices · 3 to 6Feb 6, 2024 to Mar 27, 2024
- Private funds · 28 to 26Feb 6, 2024 to Mar 27, 2024
- Discretionary RAUM · $2.7B to $2.9BFeb 6, 2024 to Mar 27, 2024
- Pooled vehicle RAUM · $2.7B to $2.9BFeb 6, 2024 to Mar 27, 2024
- RAUM · $2.7B to $2.9BFeb 6, 2024 to Mar 27, 2024
- Accounts · 31 to 28Mar 31, 2022 to Mar 31, 2023
- Advisory employees · 26 to 48Mar 31, 2022 to Mar 31, 2023
- Pooled vehicle clients · 27 to 28Mar 31, 2022 to Mar 31, 2023
- Assets in custody · $3.3B to $2.7BMar 31, 2022 to Mar 31, 2023
Signals
8 dated events
- Sands Capital Alternatives, Llc reported RAUM $5.4B, up 68% from $3.2B (2025-07-01 to 2026-03-30)Mar 30, 2026 · RAUM change · derived
- M Charles Preston (Trustee) no longer on Schedule A of Sands Capital Alternatives, Llc (listed 2024-02-06, absent 2024-03-27)Mar 27, 2024 · Control person left · inference
- Sands Capital Alternatives, Llc reported RAUM $3.4B, up 144% from $1.4B (2022-02-10 to 2022-03-31)Mar 31, 2022 · RAUM change · derived
- Thomas John Elmes (Trustee) no longer on Schedule A of Sands Capital Alternatives, Llc (listed 2022-01-10, absent 2022-02-10)Feb 10, 2022 · Control person left · inference
- Thomas John Elmes (Trustee) appeared on Schedule A of Sands Capital Alternatives, LlcDec 20, 2021 · Control person joined · fact
- Sands Capital Alternatives, Llc reported RAUM $1.4B, up 59% from $864.2M (2020-03-30 to 2021-03-29)Mar 29, 2021 · RAUM change · derived
- Sands Capital Alternatives, Llc reported RAUM $864.2M, up 61% from $535.4M (2019-03-29 to 2020-03-30)Mar 30, 2020 · RAUM change · derived
- Sands Capital Alternatives, Llc reported RAUM $535.4M, up 89% from $283.9M (2018-03-28 to 2019-03-29)Mar 29, 2019 · RAUM change · derived
Across DFX
shared identifiers only, never a name match
- Sands Capital Alternatives, LLC · Independent Sponsorsshared crd · capital_provider
- Sands Capital Ventures, LLC · Private Equityshared crd · organization
- Sands Capital Ventures, LLC · Venture Capitalshared crd · organization
How to reach
public business contact points only, each with its source
- Website
- sandscapital.comreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 703-562-4000reportedpublic record, Form ADV, Jul 28, 2026
Provenance
- Form ADV
- SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
- Advisors
- IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
- Class
- Asset manager (funds and pooled vehicles)deriveda rule over Items 5.D and 7.A
- RAUM per advisor
- n/aderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026