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South Park Commons Management

Multi-stage venture firmSEC venture capital fund adviserRaising· San Francisco, CaliforniaSOUTHPARKCOMMONS.COM

Multi-stage venture firm, based in San Francisco, California, reporting $1.2B of fund assets on its funds' Form ADV filings.

Composed from this organization's classification, location and filed figures.

Reported fund assets
$1.2B
sum of its funds' Form ADV filings, last 30 months
New companies, 12 mo
None
Investment team
1
Latest vintage
2023
Contact decision makers
More
Ask DFX about thisView relationshipsFind contactsInvestments (33)Team (1)Funds
As of · the latest observation of this organization; filed figures are as of its latest Form ADV

37 additional co-investors and affiliates, 36 additional investments, funds and LPs, 9 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. 2 vehicles
    on Form D, 18 months

    $62.1M reported sold so far.

    A Form D is filed when a vehicle takes its first money, so these are open to LPs now.

    FactSEC Form D filingsFor LPs, fund-of-funds, placement agentsVehicles →
  2. 3 deals
    with Institutional Venture

    Invests most often alongside Institutional Venture (3 shared deals) and Sequoia Capital (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 recordCo-investors →

People to know

View all people
  • Ruchi Sanghvi
    Managing Member
    Why: Named with investment responsibility
    No route on file yet

Relationship network

83 connected entities

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.

Reading the network
  • Sponsor
  • Company
  • Fund or vehicle
  • Person

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 South Park Commons Management: 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 South Park Commons Management

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

Investing

33 companies on record, 0 new in 12 months
Investments on record
33 companies, 0 partner-attributed
CompanyRoundRolePartnerRound sizeThis investorDateSource
Basetenportfolio listingunknownunknownunknownunknownSep 30, 2026Fact Firm website
Cognition Corpportfolio listingunknownunknownunknownunknownSep 30, 2026Fact Firm website
Compoundportfolio listingunknownunknownunknownunknownSep 30, 2026Fact Firm website
Stated thesis versus observed behaviour
33 observed deals
Stated (the firm’s website)
Sectors
ai, fintech, healthcare, biotech, consumer, energy, space
Stages
early
Geography
global, india, new york
Check size
not stated; DFX does not estimate checks from round sizes
Self-described
seed
Observed (from deals on record)
Stage at participation: no observed deals yet
Stage at first entry: no observed deals yet
Industries, each company once
Hardware and deep tech, Software or Tech-enabled and IT services (7)
lead rate no observed dealsfollow-on rate no observed dealsnew companies, 12 months 0

Team

1 current, 0 departed
Decision makers
who to call first, and why; then everyone else by function
  • Ruchi Sanghvi · Managing Member
    Why this person: Named with investment responsibility

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
1 current, 0 departed
Contacts
1 firm phone

1 firm phone on record, each with its source. Values open with the complete profile.

Funds and LPs

9 vehicles, 0 LPs disclosed
Funds and vehicles
9 reported
VehicleTypeVintageLifecycleReported GAVOwnersForm D soldLatest Form D
South Park Commons Fund III, L.P.Fund2023 form d first saleActive deployment$280M
Mar 30, 2026
55$62.1M
of $62.1M
May 8, 2025
South Park Commons Fund I, LPFund2018 form d first saleHarvest$310M
Mar 30, 2026
20$52.2MMar 25, 2019
South Park Commons Opportunities Fund II, L.P.Opportunity fundunknownUnknown$203M
Mar 30, 2026
51unknownunknown
Limited partners
0 LPs, 0 disclosed commitments
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.
Known LPs and allocators
0 relationships across the firm's funds, from public pensions and the allocator graph
No allocator names this firm or its funds in a public disclosure DFX holds.

Relationships across DFX

56 co-investors · on 2 other DFX graphs
Co-investors
56 counted from shared deals, for the whole firm
Across DFX and the capital chainon 2 other DFX graphs Show
Across DFX
  • The same institution is held on Allocators, RIA and Wealth, matched by identifier. See which records
Across the graphs

South Park Commons Management is the same institution as 2 records in Allocators and RIA and Wealth.

Allocators1RIA and Wealth1

DFX found 2 relationships across 2 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…

Evidence and history

14 dated events, 75 observations from 3 sources
Timeline
14 dated events
  1. seen on or beforeSep 24, 2026
    South Park Commons Management: SEED_FUND_MANAGER -> MULTI_STAGE_VC (both early and growth/opportunity families, reported GAV $1,194M)
    Classification changedClassificationInferenceno URL
  2. seen on or beforeSep 13, 2026
    South Park Commons Management: MICRO_VC -> SEED_FUND_MANAGER (name or self-description says seed)
    Classification changedClassificationInferenceno URL
  3. Mar 30, 2026
    South Park Commons Strategic III, a Series of Cgf2021 LLC first reported on Form ADV by South Park Commons Management (Venture Capital Fund), GAV $149,935
    Fund first reported on Form ADVFundsInferenceSouth Park Commons Strategic III a Series of CGF2021 LLCForm ADV
  4. Mar 30, 2026
    South Park Commons Fund III, L.P. first reported on Form ADV by South Park Commons Management (Venture Capital Fund), GAV $279,527,544
    Fund first reported on Form ADVFundsInferenceSouth Park Commons Fund III, L.P.Form ADV
  5. Mar 30, 2026
    South Park Commons Seed Fund II, L.P. first reported on Form ADV by South Park Commons Management (Venture Capital Fund), GAV $165,687,728
    Fund first reported on Form ADVFundsInferenceSouth Park Commons Seed Fund II, L.P.Form ADV
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed Mar 30, 2026 · 9 private fundsShow

Website description: Get from -1 to 0. SPC is community for the most talented technologists, builders, and domain-experts figuring out what

Headquarters
San Francisco, CAadviserinfo.sec.gov
Office address
unknownadviserinfo.sec.gov
Business phone
unknownadviserinfo.sec.gov
Website
SOUTHPARKCOMMONS.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 30, 2026
Private funds reported
9 (9 venture capital funds)adviserinfo.sec.gov
Private fund gross assets, adviser total
$1.2Badviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
Classification history
Every classification this record has carried4 on recordShow
  1. Sep 24, 2026
    Multi-stage venture firm (confirmed, 95%)
    Both early and growth/opportunity families, reported GAV $1.2B
  2. Sep 13, 2026
    Seed fund manager (confirmed, 95%)
    Name or self-description says seed
  3. Sep 12, 2026
    Micro VC (confirmed, 95%)
    Venture manager, reported GAV $30.5M across 5 vehicles
  4. Sep 12, 2026
    Micro VC (confirmed, 95%)
    Venture manager, reported GAV $30.5M across 1 vehicle
Evidence
75 observations from 3 sources
Every observation behind this profile, with its source, date and class
FactValueEffectiveClassSource
Why admittedVC exemption, VC funds reportedMar 30, 2026FactForm ADV
SEC exemption claimedVenture capital fund adviserMar 30, 2026FactForm ADV
SEC exemption claimedVenture capital fund adviserFeb 7, 2024FactForm ADV
SEC adviser typeExempt reporting adviserMar 30, 2026FactForm ADV
SEC adviser typeExempt reporting adviserMar 30, 2026FactForm ADV
SEC adviser typeExempt reporting adviserFeb 7, 2024FactForm ADV
First Form ADV filing2018-05-21Mar 30, 2026FactForm ADV
First Form ADV filing2018-05-21Feb 7, 2024FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-29Sep 30, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-25Sep 26, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-23Sep 24, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-21Sep 23, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-22Sep 23, 2026FactForm ADV
Adv history loadedadv-hist-1Sep 12, 2026FactForm ADV
Latest Form ADV filing2026-03-30Mar 30, 2026FactForm ADV
Latest Form ADV filing2026-03-30Mar 30, 2026FactForm ADV
Latest Form ADV filing2024-02-07Feb 7, 2024FactForm ADV
SEC statusERA - ActiveMar 30, 2026FactForm ADV
SEC status effective2018-05-21Mar 30, 2026FactForm ADV
Venture share of reported funds1Mar 30, 2026FactForm ADV
Venture share of reported funds1Feb 7, 2024FactForm ADV
Business phoneMar 30, 2026FactForm ADV
Business phoneFeb 7, 2024FactForm ADV
DescriptionSep 30, 2026Factno URL
DescriptionSep 16, 2026Factno URL
DescriptionSep 13, 2026Factno URL
HeadquartersSan Francisco, CAMar 30, 2026FactForm ADV
HeadquartersSan Francisco, CAFeb 7, 2024FactForm ADV
Office addressMar 30, 2026FactForm ADV
Office addressFeb 7, 2024FactForm ADV
Self-described typeseedSep 16, 2026Factno URL
Self-described typeseedSep 13, 2026Factno URL
Legal formLimited Liability CompanyMar 30, 2026FactForm ADV
Legal formLimited Liability CompanyFeb 7, 2024FactForm ADV
Portfolio pageSep 30, 2026Factno URL
Portfolio pageSep 16, 2026Factno URL
Portfolio pageSep 13, 2026Factno URL
Private funds reported9Mar 30, 2026FactForm ADV
Private funds reported9Mar 30, 2026FactForm ADV
Private funds reported1Feb 7, 2024FactForm ADV
Private fund gross assets (reported)$1.2BMar 30, 2026FactForm ADV
Private fund gross assets (reported)$1.2BMar 30, 2026FactForm ADV
Private fund gross assets (reported)$30.5MFeb 7, 2024FactForm ADV
Schedule a diffsadiff-1Sep 23, 2026FactForm ADV
Stated geographyGlobal, india, new york
“geography words on the home page”
Sep 30, 2026Factno URL
Stated geographyGlobal, india, new york
“geography words on the home page”
Sep 16, 2026Factno URL
Stated geographyGlobal, india, new york
“geography words on the home page”
Sep 13, 2026Factno URL
Stated sectorsAI, fintech, healthcare, biotech, consumer, energy, space
“sector words on the home page”
Sep 30, 2026Factno URL
Stated sectorsAI, fintech, healthcare, biotech, consumer, energy, space
“sector words on the home page”
Sep 16, 2026Factno URL
Stated sectorsAI, fintech, healthcare, biotech, consumer, energy, space
“sector words on the home page”
Sep 13, 2026Factno URL
Stated stagesearly
“stage words on the home page”
Sep 30, 2026Factno URL
Stated stagesearly
“stage words on the home page”
Sep 16, 2026Factno URL
Stated stagesearly
“stage words on the home page”
Sep 13, 2026Factno URL
Team pageSep 30, 2026Factno URL
Team pageSep 16, 2026Factno URL
Team pageSep 13, 2026Factno URL
Venture funds reported9Mar 30, 2026FactForm ADV
Venture funds reported9Mar 30, 2026FactForm ADV
Venture funds reported1Feb 7, 2024FactForm ADV
WebsiteMar 30, 2026FactForm ADV
WebsiteFeb 7, 2024FactForm ADV
Site titleSep 30, 2026Factno URL
Site titleSep 16, 2026Factno URL
Site titleSep 13, 2026Factno URL
How this is scored
Scores, classification basis and filing advisersMulti-stage venture firm, confirmedShow
Importance
56
elevated
Active deployment
60
high
Emerging
0
low
Freshness
100
high
Multi-stage venture firmSEC exempt reporting adviser

Both early and growth/opportunity families, reported GAV $1.2B

The inputs behind each score
importance
gav: $1 · funds: 0.75 · people: 0.04 · investments: 0.56 · co investors: 0.71
active deployment
investments 12m: 0 · fund raising 18m: 1 · people joined 12m: 0 · vintage within 3y: 1 · latest investment at: not scored
emerging manager
fund count: 9 · reported gav: $1.2B · first adv filing: 2018-05-21 · years since first filing: 8.4

Fits, record history and connections

scored matches for this investor, every identity change, every edge

Fits

7 scored matches, best firstas of
  • score 62.4confidence 100%
    Why: sector fit; geography fit; activity; analogous
    Watch: adjacent portfolio
  • score 43.4confidence 100%
    Why: sector fit; geography fit; activity; analogous
    Watch: adjacent portfolio
  • score 43.4confidence 100%
    Why: sector fit; geography fit; activity; analogous
    Watch: adjacent portfolio

+4 more scored matches

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

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

3 dated events on the change ledger, latest event first
  • Organization classification changed
    2026-09-24
  • Organization classification changed
    2026-09-13
  • Adviser's first ADV filing
    2018-05-21source 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.