DFX Intelligence
Venture Capital Intelligence
Firms, funds, partners, companies and rounds from sworn filings, firm sites and announcements, kept as a graph with a date and a source on every edge. Facts, inferences and estimates are labelled as such. A fund target is never a close, GAV is never dry powder, and a round size is never an investor’s check.
Firms / Split Rock Partners, LLC
Split Rock Partners, LLC
venture manager, reported GAV $146M across 4 vehicles
Importance
22
moderate
Active deployment
0
low
Emerging
0
low
Completeness
63
high
Freshness
100
high
Research priority
4
low
Identity and regulatory footprint
- Headquarters
- Eden Prairie, MNadviserinfo.sec.gov
- Office address
- 16526 WEST 78TH STREET, SUITE 504, Eden Prairie, MN, 55346adviserinfo.sec.gov
- Business phone
- 612-465-8679adviserinfo.sec.gov
- Website
- HTTP://WWW.SPLITROCK.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 26, 2026
- Private funds reported
- 4 (4 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $87.2Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- business phone
- 612-465-8679adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
no observed deals yet
Stated (the firm’s website)
- Sectors
- enterprise software, healthcare
- Stages
- multi stage
- Geography
- not stated
- Check size
- not stated; DFX does not estimate checks from round sizes
- Self-described
- venture capital
Observed (from deals on record)
Stage at participation: no observed deals yet
Stage at first entry: no observed deals yet
Sectors: no observed deals yet
lead rate n/afollow-on rate n/anew logos, 12 months 0
Funds and vehicles
4 reported, 3 no longer reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Split Rock Partners II, LP | Fund | unknown | Unknown | $129M Mar 1, 2024 | 23 | unknown | unknown |
| Split Rock Partners, LP | Fund | unknown | Unknown | $13.2M Mar 1, 2024 | 22 | unknown | unknown |
| Spvc VI, LLC | SPV or co-invest vehicle | unknown | Unknown | $3.6M Mar 1, 2024 | 17 | unknown | unknown |
| Spvc Partners I, LLC | SPV or co-invest vehicle | unknown | Unknown | $1,312 Mar 1, 2024 | 14 | unknown | unknown |
| Spvc V, LLC | SPV or co-invest vehicle | unknown | Wound down | $27.8M Mar 27, 2018 | 17 | unknown | unknown |
| Spvc Affiliates Fund I, LLC | SPV or co-invest vehicle | unknown | Wound down | $645,903 Mar 27, 2018 | 34 | unknown | unknown |
| Spvc IV, LLC | SPV or co-invest vehicle | unknown | Wound down | $71,974 Mar 22, 2016 | 17 | unknown | unknown |
GAV 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.
Investment team
6 current, 2 departed
Dave Stassen
PartnerManaging Director
David W Stassen
PartnerManager · since Jun 1, 2004
James R Simons
PartnerManager · since Jun 1, 2004
Jim Simons
PartnerManaging Director
Michael Brian Gorman
PartnerManager · since Jun 1, 2004
Michael Gorman
PartnerManaging Director
2 departed (kept with end dates)
- Joshua J Baltzell · Managing Director · Jul 1, 2009 to Feb 26, 2015 Inference
- Steven L P Schwen · Chief Financial Officer · Jun 1, 2004 to Mar 30, 2022 Inference
Investments on record
0 edges, 0 companies, 0 partner-attributed
No investment on record yet. Edges arrive from the firm’s portfolio page, financing announcements, and Form D board seats.
Co-investors
0 relationships from shared deals, counted for the whole firm
No co-investor relationship yet: these are derived only from rounds and portfolio listings the graph has seen both investors on.
Limited partners
2 disclosed
Timeline
6 dated events
- Mar 30, 2022Steven L P Schwen (Chief Financial Officer) no longer on Schedule A of Split Rock Partners, LLC
- Feb 26, 2015Joshua J Baltzell (Managing Director) no longer on Schedule A of Split Rock Partners, LLC
- Mar 16, 2012Split Rock Partners, LLC first filed Form ADV (ERA, venture capital fund adviser exemption)First SEC adviser filingOrganizationFactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 16, 2012Spvc Partners I, LLC first reported on Form ADV by Split Rock Partners, LLC (Venture Capital Fund), GAV $566,204Fund first reported on Form ADVFundsFactSpvc Partners I, LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 16, 2012Split Rock Partners, LP first reported on Form ADV by Split Rock Partners, LLC (Venture Capital Fund), GAV $212,044,540Fund first reported on Form ADVFundsFactSplit Rock Partners, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 16, 2012Split Rock Partners II, LP first reported on Form ADV by Split Rock Partners, LLC (Venture Capital Fund), GAV $281,083,496Fund first reported on Form ADVFundsFactSplit Rock Partners II, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Classification history
- Sep 12, 2026Institutional venture firm (confirmed, 95%, cls-1)venture manager, reported GAV $146M across 4 vehicles
Evidence
55 observations from 3 sources