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 / Zephyr Management, L.P.
Zephyr Management, L.P.
Private equity with venture activity · probableNew York, NYzephyrpeacock.comSEC registered investment adviser
Zephyr Peacock India provides growth capital and management support to small and mid-sized enterprises in India.
registered adviser; venture funds are 3% of 24 private funds
Importance
42
elevated
Active deployment
55
elevated
Emerging
0
low
Completeness
69
high
Freshness
100
high
Research priority
20
moderate
Identity and regulatory footprint
- Headquarters
- New York, NYadviserinfo.sec.gov
- Office address
- 12 EAST 49TH STREET, 41ST FLOOR, New York, NY, 10017adviserinfo.sec.gov
- Business phone
- 212-508-9400adviserinfo.sec.gov
- SEC adviser type
- registered investment adviseradviserinfo.sec.gov
- SEC exemption claimed
- unknown
- Latest Form ADV
- Mar 27, 2024
- Private funds reported
- 24 (0 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $192Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- Regulatory AUM
- $191Mthe adviser's RAUM, a regulatory measure, never a fund size
- Employees
- 23
- Owners on Schedule A
- Zephyr Management, Inc. (General Partner), NA
- business phone
- 212-508-9400adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
23 observed deals
Stated (the firm’s website)
- Sectors
- fintech, consumer, marketplaces, climate, energy, edtech, logistics, industrial
- Stages
- not stated or not yet read
- Geography
- global, india, north america
- Check size
- not stated; DFX does not estimate checks from round sizes
Observed (from deals on record)
Stage at participation: no observed deals yet
Stage at first entry: no observed deals yet
Sectors
unknown 100%
lead rate n/afollow-on rate n/anew logos, 12 months 23
Funds and vehicles
14 reported, 2 no longer reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| ZP Maverix Spv, LLC | SPV or co-invest vehicle · ADV: Private Equity Fund | 2023 adv first reported | Active deployment | $691,390 Mar 27, 2024 | 1 | unknown | unknown |
| Zephyr Acorn Venture Fund LP | Fund · ADV: Private Equity Fund | 2022 form d first sale | Active deployment | $3.7M Mar 27, 2024 | 22 | $2.3M of $30.0M | Jun 11, 2024 |
| Zephyr Edpartners LLC | Fund · ADV: Private Equity Fund | 2022 adv first reported | Active deployment | $1.0M Mar 27, 2024 | 24 | unknown | unknown |
| Acorn Africa II LLC | Fund · ADV: Private Equity Fund | 2019 adv first reported | Mature | $2.1M Mar 27, 2024 | 28 | unknown | unknown |
| African Agricultural Capital Fund LLC | Fund · ADV: Private Equity Fund | 2019 adv first reported | Mature | $820,427 Mar 27, 2024 | 4 | unknown | unknown |
| Acorn-Yum Holding LLC | Fund · ADV: Private Equity Fund | 2019 adv first reported | Mature | $121,746 Mar 27, 2024 | 19 | unknown | unknown |
| Zephyr Peacock India Growth Fund Limited | Growth fund · ADV: Private Equity Fund | 2018 form d first sale | Harvest | $68.8M Mar 27, 2024 | 85 | $37.3M | Oct 16, 2019 |
| Acorn Africa LLC | Fund · ADV: Private Equity Fund | 2017 adv first reported | Harvest | $6.6M Mar 27, 2024 | 27 | unknown | unknown |
| ZP II Trimax Co-Investment Trust | SPV or co-invest vehicle · ADV: Private Equity Fund | 2015 adv first reported | Harvest | $3,326 Mar 27, 2024 | 44 | unknown | unknown |
| Zephyr Peacock India III Fund | Fund · ADV: Private Equity Fund | 2013 adv first reported | Harvest | $12.2M Mar 27, 2024 | 89 | unknown | unknown |
| Zephyr Peacock India Fund III Limited | Fund · ADV: Private Equity Fund | 2012 form d first sale | Harvest | $27.5M Mar 27, 2024 | 60 | $46.4M | Nov 15, 2013 |
| Zephyr Peacock India Fund II, Limited | Fund · ADV: Private Equity Fund | unknown | Unknown | $2.7M Mar 27, 2024 | 69 | unknown | unknown |
| Zephyr Internet Partners, L.P. | Fund | unknown | Unknown | $2.6M Mar 25, 2015 | 76 | unknown | unknown |
| Zephyr Peacock India II Fund | Fund · ADV: Private Equity Fund | unknown | Unknown | $1.1M Mar 27, 2024 | 41 | unknown | unknown |
| Zephyr Peacock India Growth Fund U.S., L.P. | Growth fund · ADV: Private Equity Fund | 2019 adv first reported | Wound down | $42.5M Oct 28, 2022 | 44 | unknown | unknown |
| ZP II Trimax, Ltd | Fund · ADV: Private Equity Fund | 2013 adv first reported | Wound down | $268 Mar 22, 2021 | 16 | 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
15 current, 5 departed
Pankaj Raina
AnalystAnalyst, Research and Investments
Thomas C. Barry
AnalystAnalyst, Research and Investments
Yash Berlia
AnalystAnalyst, Research and Investments
Nisha Biju
AssociateAssociate, Investments and Research
Rishabh Aggarwal
Founder or executiveChairman
Nikhil Sultania
OtherAdministrative Executive
Om Pawaskar
OtherM.D., Research and Investments
Constantina Keriazes
PartnerSecretary And Limited Partner · since Oct 1, 2001
Mukul Gulati
PartnerShareholder · since Jan 1, 2023
Pankaj Ravinder Raina
PartnerLimited Partner · since Jan 1, 2022
Aman Soni
Platform and operationsSenior Associate, Finance
Bharadwaj Reddy
Platform and operationsVice President, Marketing and ESG
Laldinpuii Ralte
Platform and operationsVice President, Marketing and ESG
Mukul Gulati
Platform and operationsMarketing Communications Analyst
Thomas Corcoran Barry
PrincipalChairman, Director And Shareholder · since Dec 1, 1994
5 departed (kept with end dates)
- David William James Garrett · Limited Partner/Chairman Of Zephyr Management U.K., Ltd. · Jun 1, 2002 to Mar 25, 2015 Inference
- Steven Andrew Ralph Bates · Chief Investment Officer - Marketable Securities/Limited Partner/Director Of Zephyr Management U.K., Ltd. · Jun 1, 2008 to Mar 25, 2015 Inference
- Brian Peter Matthews · Compliance Officer And Director Of Zephyr Management U.K., Ltd. · Sep 1, 2003 to Mar 25, 2015 Inference
- John Anthony Cerminaro · Chief Financial & Administrative Officer · Jun 1, 2011 to Mar 25, 2014 Inference
- Stephen Edward Canter · Chief Compliance Officer · Mar 1, 2008 to Mar 16, 2022 Inference
Investments on record
23 edges, 23 companies, 0 partner-attributed
“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.
Co-investors
1 relationships from shared deals, counted for the whole firm
Limited partners
0 disclosed
No LP commitment on record. An LP edge needs a public disclosure with a quote: a pension report (see Limited partners for the plans read), a fund announcement naming the LP, or a Form ADV owner. The fund page carries the LP’s reported performance.
Timeline
29 dated events
- Mar 31, 2023ZP Maverix Spv, LLC first reported on Form ADV by Zephyr Management, L.P. (Private Equity Fund), GAV $702,813Fund first reported on Form ADVFundsFactZP Maverix Spv, LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2023Zephyr Acorn Venture Fund LP first reported on Form ADV by Zephyr Management, L.P. (Private Equity Fund), GAV $3,049,136Fund first reported on Form ADVFundsFactZephyr Acorn Venture Fund LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2023Zephyr Peacock India Growth Fund U.S., L.P. no longer reported on Form ADV by Zephyr Management, L.P.Fund no longer reportedFundsInferenceZephyr Peacock India Growth Fund U.S., L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2023Zephyr Peacock India Growth Fund Limited no longer reported on Form ADV by Zephyr Management, L.P.Fund no longer reportedFundsInferenceZephyr Peacock India Growth Fund LimitedSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 16, 2022Zephyr Edpartners LLC first reported on Form ADV by Zephyr Management, L.P. (Private Equity Fund), GAV $417,481Fund first reported on Form ADVFundsFactZephyr Edpartners LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 16, 2022Stephen Edward Canter (Chief Compliance Officer) no longer on Schedule A of Zephyr Management, L.P.
- Mar 16, 2022ZP Trimax, Ltd no longer reported on Form ADV by Zephyr Management, L.P.Fund no longer reportedFundsInferenceZP II Trimax, LtdSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Jan 1, 2022Pankaj Ravinder Raina joined Schedule A of Zephyr Management, L.P. as Limited Partner
- Mar 19, 2020Zephyr Peacock India Growth Fund first reported on Form ADV by Zephyr Management, L.P. (Private Equity Fund), GAV $42,426,129Fund first reported on Form ADVFundsFactZephyr Peacock India Growth Fund LimitedSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 25, 2019Zephyr Peacock India Growth Fund U.S., L.P. first reported on Form ADV by Zephyr Management, L.P. (Private Equity Fund), GAV $25,623,497Fund first reported on Form ADVFundsFactZephyr Peacock India Growth Fund U.S., L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 25, 2019African Agricultural Capital Fund LLC first reported on Form ADV by Zephyr Management, L.P. (Private Equity Fund), GAV $6,971,419Fund first reported on Form ADVFundsFactAfrican Agricultural Capital Fund LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 25, 2019Acorn Africa II LLC first reported on Form ADV by Zephyr Management, L.P. (Private Equity Fund), GAV $1,630,885Fund first reported on Form ADVFundsFactAcorn Africa II LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 25, 2019Acorn-Yum Holding LLC first reported on Form ADV by Zephyr Management, L.P. (Private Equity Fund), GAV $260,462Fund first reported on Form ADVFundsFactAcorn-Yum Holding LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 25, 2019Zephyr Peacock India Growth Fund Limited first reported on Form ADV by Zephyr Management, L.P. (Private Equity Fund), GAV $32,291,912Fund first reported on Form ADVFundsFactZephyr Peacock India Growth Fund LimitedSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 23, 2017Acorn Africa LLC first reported on Form ADV by Zephyr Management, L.P. (Private Equity Fund), GAV $1,460,000Fund first reported on Form ADVFundsFactAcorn Africa LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Jun 22, 2015ZP II Trimax Co-Investment Trust first reported on Form ADV by Zephyr Management, L.P. (Private Equity Fund), GAV $1,402,762Fund first reported on Form ADVFundsFactZP II Trimax Co-Investment TrustSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 25, 2015Brian Peter Matthews (Compliance Officer And Director Of Zephyr Management U.K., Ltd.) no longer on Schedule A of Zephyr Management, L.P.
- Mar 25, 2015Steven Andrew Ralph Bates (Chief Investment Officer - Marketable Securities/Limited Partner/Director Of Zephyr Management U.K., Ltd.) no longer on Schedule A of Zephyr Management, L.P.
- Mar 25, 2015David William James Garrett (Limited Partner/Chairman Of Zephyr Management U.K., Ltd.) no longer on Schedule A of Zephyr Management, L.P.
- Mar 25, 2014John Anthony Cerminaro (Chief Financial & Administrative Officer) no longer on Schedule A of Zephyr Management, L.P.
- Apr 1, 2013ZP Trimax, Ltd first reported on Form ADV by Zephyr Management, L.P. (Private Equity Fund), GAV $16,921,613Fund first reported on Form ADVFundsFactZP II Trimax, LtdSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Apr 1, 2013Zephyr Peacock India III Fund first reported on Form ADV by Zephyr Management, L.P. (Private Equity Fund), GAV $16,882,751Fund first reported on Form ADVFundsFactZephyr Peacock India III FundSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Apr 1, 2013Zephyr Peacock India Fund III Limited first reported on Form ADV by Zephyr Management, L.P. (Private Equity Fund), GAV $39,685,915Fund first reported on Form ADVFundsFactZephyr Peacock India Fund III LimitedSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 2012Zephyr Peacock India Fund II, Limited first reported on Form ADV by Zephyr Management, L.P. (Private Equity Fund), GAV $38,201,691Fund first reported on Form ADVFundsFactZephyr Peacock India Fund II, LimitedSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 2012Zephyr Management, L.P. first filed Form ADV (IA)First SEC adviser filingOrganizationFactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 2012Zephyr Internet Partners, L.P. first reported on Form ADV by Zephyr Management, L.P. (Venture Capital Fund), GAV $2,675,145Fund first reported on Form ADVFundsFactZephyr Internet Partners, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 2012Zephyr Peacock India II Trust first reported on Form ADV by Zephyr Management, L.P. (Private Equity Fund), GAV $8,877,300Fund first reported on Form ADVFundsFactZephyr Peacock India II FundSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Oct 1, 2009Mukul Gulati joined Schedule A of Zephyr Management, L.P. as Shareholder And Director Of Zp India Advisory Private Limited
- Sep 1, 2003Brian Peter Matthews joined Schedule A of Zephyr Management, L.P. as Compliance Officer And Director Of Zephyr Management U.K., Ltd.
Classification history
- Sep 12, 2026Private equity with venture activity (probable, 75%, cls-1)registered adviser; venture funds are 3% of 24 private funds
Evidence
52 observations from 2 sources