Aperture Management LLC
Multi-stage venture firm, based in Boston, Massachusetts, reporting $81.4M of fund assets on its funds' Form ADV filings.
Composed from this organization's classification, location and filed figures.
1 additional team member, 24 additional co-investors and affiliates, 33 additional investments, funds and LPs, 17 events, 1 verified contact (1 firm phone)
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 companyportfolio raising
One portfolio company has new financing on record in 6 months without this firm named on the round; the latest on 1 May 2026 ($6.5M sold on Form D).
A portfolio company raising again is a follow-on decision for the firm and a co-investment opening for others.
- 3 dealswith Boston Millennia Partners
Invests most often alongside Boston Millennia Partners (3 shared deals) and U.S. Venture Partners (3 shared deals).
pair last observed on record 1 Oct 2026, not a deal date · The firms it syndicates with are the likeliest to see the same deals and to fill out its rounds.
Measuredshared rounds and portfolio companies on recordFor Founders building a round, co-investorsCo-investors →
People to know
View all people- MemberWhy: Named with investment responsibilityNo route on file yet
- MemberWhy: Named with investment responsibilityNo route on file yet
- MemberWhy: Named with investment responsibilityNo route on file yet
Relationship network
70 connected entities1 observed round
From financing rounds and every investor named in them, Form ADV and Form D filings, the firm's funds and team, and disclosed LP commitments in the venture capital graph. A round's amount is the size of the round, not money that moved between two investors.
Some relationships on this record are counted rather than named here. They open with the full profile.
Click any name or line for the rounds and sources behind it. Line weight is rounds together; dashed lines are inferred.
- Sponsor
- Company
- Fund or vehicle
- Person
›How strength and recency are read
Co-investors are read from the rounds: three or more shared rounds is a strong observed relationship, two a repeat co-investor, one a single round. Funds and people 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.
How am I connected?
Name your firm, a company or a person, and DFX finds the published routes to Aperture Management LLC: a shared portfolio company or board, a prior employer, a co-investor, a shared LP or service provider. Every step is a filed or published record with its source; none is a guess about who knows whom.
See how you connect to Aperture Management LLC
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Investing
28 companies on record, 0 new in 12 months
Investments on record
What these amounts mean“This investor” is the amount disclosed for this investor alone; it is unknown unless a source said it. The round size is the whole round.Acquired, Public, Exited and Active are what the firm’s own portfolio card says, read on the date shown when you hover the chip; they are not deal dates. A company with no chip is one whose card states no outcome: DFX does not assume it is active.| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| AvedroExited | portfolio listing | unknown | unknown | unknown | unknown | Sep 30, 2026 | Fact Firm website |
| AxonicsExited | portfolio listing | unknown | unknown | unknown | unknown | Sep 30, 2026 | Fact Firm website |
| Biohaven PharmaceuticalsExited | portfolio listing | unknown | unknown | unknown | unknown | Sep 30, 2026 | Fact Firm website |
Stated thesis versus observed behaviour
- Sectors
- healthcare, biotech, medtech
- Stages
- not stated or not yet read
- Geography
- not stated
- Check size
- not stated; DFX does not estimate checks from round sizes
Team
4 current, 1 departed
Decision makers
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. 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.
Investment team
How the team is orderedPartners who lead rounds first (rounds led, then deals attributed, then seniority), then the rest of the investment team, then investor relations, finance and operations. A person named by two sources under two spellings is shown once.- Member
- Member
- Member
1 departed (kept with end dates)
- Paul J Tierney · Member · Jan 1, 2012 to Mar 11, 2015 Inference
Contacts
1 firm phone on record, each with its source. Values open with the complete profile.
Funds and LPs
5 vehicles, 0 LPs disclosed
Funds and vehicles
What these amounts meanGAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Aperture Opportunity Fund, LP | Opportunity fund | 2022 adv first reported | Active deployment | $27.6M Mar 5, 2026 | 30 | $0 | Apr 15, 2021 |
| Aperture Venture Partners V, LP | Fund | 2019 adv first reported | Mature | $25.0M Mar 5, 2026 | 30 | $0 | Dec 6, 2018 |
| Aperture Venture Partners IV, LP | Fund | 2016 adv first reported | Harvest | $24.2M Mar 5, 2026 | 40 | $0 | Nov 25, 2015 |
Limited partners
Known LPs and allocators
What these amounts and dates areEach commitment is counted once across the pension tape and the allocator graph. A commitment date prints only when the source printed one; otherwise the row carries the report date. A foundation’s 990-PF line is a holding at fair value, never a commitment. Rows without a fund on the venture graph are commitments to this manager.Relationships across DFX
27 co-investors
Co-investors
- 2026-10-013 shared deals · recurring
- 2026-10-013 shared deals · recurring
- 2026-09-302 shared deals · recurring
Compare portfolios with Boston Millennia Partners, U.S. Venture Partners, Advent Life Sciences LLP or any firm. Co-investors across the market
Evidence and history
22 dated events, 69 observations from 3 sources
Timeline
- Mar 7, 2023Aperture Venture Partners Ii-A, LP no longer reported on Form ADV by Aperture Management LLC
- Mar 7, 2023Aperture Capital, LP no longer reported on Form ADV by Aperture Management LLC
- Mar 7, 2023Aperture Venture Partners Ii-B, LP no longer reported on Form ADV by Aperture Management LLC
- Mar 7, 2023Aperture Venture Partners II, LP no longer reported on Form ADV by Aperture Management LLC
- Mar 7, 2023Aperture Capital III, LP no longer reported on Form ADV by Aperture Management LLC
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed Mar 5, 2026 · 5 private fundsShowHide
- Headquarters
- Boston, MAadviserinfo.sec.gov
- Office address
- unknownadviserinfo.sec.gov
- Business phone
- unknownadviserinfo.sec.gov
- Website
- APERTUREVP.COM
- SEC adviser type
- Exempt reporting adviseradviserinfo.sec.gov
- SEC exemption claimed
- Venture capital fund adviseradviserinfo.sec.govItem 2.B(1): advises solely venture capital funds
- Latest Form ADV
- Mar 5, 2026
- Private funds reported
- 5 (5 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets, adviser total
- $81.4Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- Owners on Schedule A
- Tierney Service Co., LLC (Member), owns 25% to 50%
Classification history
Classification history
Every classification this record has carried2 on recordShowHide
- Sep 23, 2026Multi-stage venture firm (confirmed, 95%)Both early and growth/opportunity families, reported GAV $81M
- Sep 12, 2026Multi-stage venture firm (confirmed, 95%)Both early and growth/opportunity families, reported GAV $95M
Evidence
Every observation behind this profile, with its source, date and class
| Fact | Value | Effective | Class | Source |
|---|---|---|---|---|
| Why admitted | VC exemption, VC funds reported | Mar 5, 2026 | Fact | Form ADV |
| SEC exemption claimed | Venture capital fund adviser | Mar 5, 2026 | Fact | Form ADV |
| SEC exemption claimed | Venture capital fund adviser | Feb 28, 2024 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 5, 2026 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 5, 2026 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Feb 28, 2024 | Fact | Form ADV |
| First Form ADV filing | 2012-03-30 | Mar 5, 2026 | Fact | Form ADV |
| First Form ADV filing | 2012-03-30 | Feb 28, 2024 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-30 | Oct 1, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-29 | Sep 30, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-25 | Sep 26, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-23 | Sep 24, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-21 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-22 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1 | Sep 12, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-03-05 | Mar 5, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-03-05 | Mar 5, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2024-02-28 | Feb 28, 2024 | Fact | Form ADV |
| SEC status | ERA - Active | Mar 5, 2026 | Fact | Form ADV |
| SEC status effective | 2012-03-30 | Mar 5, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Mar 5, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Feb 28, 2024 | Fact | Form ADV |
| Business phone | Mar 5, 2026 | Fact | Form ADV | |
| Business phone | Feb 28, 2024 | Fact | Form ADV | |
| Contact page url | Sep 30, 2026 | Fact | ||
| Contact page url | Sep 16, 2026 | Fact | ||
| Headquarters | Boston, MA | Mar 5, 2026 | Fact | Form ADV |
| Headquarters | Boston, MA | Feb 28, 2024 | Fact | Form ADV |
| Office address | Mar 5, 2026 | Fact | Form ADV | |
| Office address | Feb 28, 2024 | Fact | Form ADV | |
| Legal form | Limited Liability Company | Mar 5, 2026 | Fact | Form ADV |
| Legal form | Limited Liability Company | Feb 28, 2024 | Fact | Form ADV |
| Portfolio page | Sep 30, 2026 | Fact | ||
| Portfolio page | Sep 16, 2026 | Fact | ||
| Portfolio page | Sep 12, 2026 | Fact | ||
| Private funds reported | 5 | Mar 5, 2026 | Fact | Form ADV |
| Private funds reported | 5 | Mar 5, 2026 | Fact | Form ADV |
| Private funds reported | 5 | Feb 28, 2024 | Fact | Form ADV |
| Private fund gross assets (reported) | $81.4M | Mar 5, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $81.4M | Mar 5, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $94.7M | Feb 28, 2024 | Fact | Form ADV |
| Schedule a diff | sadiff-1 | Sep 27, 2026 | Fact | Form ADV |
| Stated sectors | Healthcare, biotech, medtech “sector words on the home page” | Sep 30, 2026 | Fact | |
| Stated sectors | Healthcare, biotech, medtech “sector words on the home page” | Sep 16, 2026 | Fact | |
| Stated sectors | Healthcare, biotech, medtech “sector words on the home page” | Sep 12, 2026 | Fact | |
| Team page | Sep 30, 2026 | Fact | ||
| Team page | Sep 16, 2026 | Fact | ||
| Team page | Sep 12, 2026 | Fact | ||
| Venture funds reported | 5 | Mar 5, 2026 | Fact | Form ADV |
| Venture funds reported | 5 | Mar 5, 2026 | Fact | Form ADV |
| Venture funds reported | 5 | Feb 28, 2024 | Fact | Form ADV |
| Website | Mar 5, 2026 | Fact | Form ADV | |
| Website | Feb 28, 2024 | Fact | Form ADV | |
| Site title | Sep 30, 2026 | Fact | ||
| Site title | Sep 16, 2026 | Fact | ||
| Site title | Sep 12, 2026 | Fact |
How this is scored
Scores, classification basis and filing advisersMulti-stage venture firm, confirmedShowHide
Both early and growth/opportunity families, reported GAV $81M
- importance
- gav: 0.28 · funds: 0.92 · people: 0.16 · investments: 0.54 · co investors: 0.58
- active deployment
- investments 12m: 0 · fund raising 18m: 0 · people joined 12m: 0 · vintage within 3y: 0 · latest investment at: not scored
- emerging manager
- fund count: 11 · reported gav: $81.4M · first adv filing: 2012-03-30 · years since first filing: 14.5
Fits, record history and connections
scored matches for this investor, every identity change, every edge
Fits
- score 37.4confidence 90%Why: sector fit; geography fit; analogousWatch: adjacent portfolio
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
- Adviser's first ADV filing2012-03-30source on record
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.