Galaxy Digital Capital Management LP

Private equity with venture activitySEC-registered adviserClassification probable· New York, New Yorkam.galaxy.com

Galaxy builds the economy that runs on code — investing across digital assets moving onchain and the AI data centers powering the future of finance.

In the firm's own words, from its website.

Reported fund assets
$907M
sum of its funds' Form ADV filings, last 30 months
New companies, 12 mo
None
Investment team
2
Latest vintage
2026
As of · the latest observation of this organization; filed figures are as of its latest Form ADV

15 additional team members, 5 additional co-investors and affiliates, 10 additional investments, funds and LPs, 20 events, 9 verified contacts (8 professional url, 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 departures
    people, 12 months

    A team member departed on 1 Jul 2026. 2 departures on record in 12 months.

    A partner leaving or arriving changes who decides, and who a founder or LP should call.

    InferenceIAPD Form ADV Part 1 PDF per firm (current filing, Schedule D 7.B.(1) and Schedule A)For Founders, LPs, recruitersTeam →

People to know

View all people

Relationship network

31 connected entities4 observed rounds1 repeat counterpartyrounds 2018 to 2025

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
›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 Galaxy Digital Capital Management LP: 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 Galaxy Digital Capital Management LP

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

Investing

3 companies on record, 0 new in 12 months

Investments on record

3 companies, 4 partner-attributed
CompanyRoundRolePartnerRound sizeThis investorDateSource
Forward Industries, Inc.Form D equity offeringunknownChristopher Ferraro (strongly supported)$1.6B
form d sold
unknownSep 25, 2025Inference Form D
BlockFi Inc.Form D equity offeringunknown · boardChristopher Ferraro (strongly supported)$37.5M
form d sold
unknownFeb 14, 2020Inference Form D
High Court Holdings, LLCForm D equity offeringunknown · boardMichael Edward Novogratz (strongly supported)$6.7M
form d sold
unknownDec 6, 2018Inference Form D

Stated thesis versus observed behaviour

4 observed deals
Stated (the firm’s website)
Sectors
ai, consumer, crypto, data infrastructure, media
Stages
not stated or not yet read
Geography
global, israel, texas
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
unknown 67%Other 33%
lead rate no observed dealsfollow-on rate 33%new companies, 12 months 0

Team

15 current, 9 departed

Decision makers

who to call first, and why; then everyone else by function
  • Christopher Ferraro · President and Chief Investment Officer
    Why this person: Chief investment officer: owns the allocation decision; Named with investment responsibility
    LinkedIn or profile link on file (firm website), confirmed 2026-09-30, confidence 90%
  • Michael Edward Novogratz · Member
    Why this person: Named with investment responsibility
Who else at this firm · 1 person, grouped by function
Finance, operations and compliance (1)
  • Andrew Taubman · Deputy Chief Operations Officer
    Why this person:
    LinkedIn or profile link on file (firm website), confirmed 2026-09-30, confidence 90%

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. 2 with a route on file. 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

15 current, 9 departed
7 departed (kept with end dates)

Contacts

1 firm phone, 8 professional url

1 firm phone, 8 professional url on record, each with its source. Values open with the complete profile.

Funds and LPs

13 vehicles, 0 LPs disclosed

Funds and vehicles

13 reported
VehicleTypeVintageLifecycleReported GAVOwnersForm D soldLatest Form D
Galaxy Opportunistic Fund V, LPFund2026 form d first saleFundraisingunknownunknown$10.9MFeb 4, 2026
Galaxy Ventures Fund I, LPFund2024 form d first saleEarly deployment$276M
Jul 1, 2026
146$100M
of $150M
Jul 1, 2024
Galaxy Ventures Offshore Fund I, LPFeeder or parallel2024 form d first saleEarly deploymentunknownunknown$6.0M
of $150M
Jul 1, 2024

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

1 relationship across the firm's funds, from public pensions and the allocator graph
AllocatorTypeFundAmountDateSource
Argyros Family FoundationFOUNDATIONGalaxy Ventures Fund I, LP$3.5M
fair value on the foundation's return
reported as of Jul 31, 2025Fact IRS Form 990 / 990-PF e-file returns

Relationships across DFX

1 co-investors · on 3 other DFX graphs

Co-investors

1 counted from shared deals, for the whole firm
Across DFX and the capital chainon 3 other DFX graphs · 1 capital path Show
Across DFX
  • The same institution is held on RIA and Wealth, Allocators, Private Equity, matched by identifier. See which records
Across the graphs

Galaxy Digital Capital Management LP is the same institution as 3 records in RIA and Wealth, Allocators and Private Equity.

RIA and Wealth1Allocators1Private Equity1

DFX found 3 relationships across 3 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…

Capital chain

Galaxy Digital Capital Management LP sits on 1 traced path of capital across the graphs.

Allocator commitments to a manager

DFX traced 1 path of capital through this record

Every record on each path, what it committed or lent, and as of when.

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

Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.

Checking your plan…

Evidence and history

25 dated events, 77 observations from 3 sources

Timeline

25 dated events
  1. Jul 1, 2026
    Alexander M Ioffe (Chief Financial Officer) no longer on Schedule A of Galaxy Digital Capital Management LP
    Person leftPeopleInferenceAlexander M IoffeForm ADV
  2. Jul 1, 2026
    Andrew Neal Siegel (General Counsel And Authorized Person) no longer on Schedule A of Galaxy Digital Capital Management LP
    Person leftPeopleInferenceAndrew Neal SiegelForm ADV
  3. Jul 1, 2026
    Galaxy Opportunistic Fund I, LP first reported on Form ADV by Galaxy Digital Capital Management LP (Venture Capital Fund), GAV $52,371,688
    Fund first reported on Form ADVFundsInferenceGalaxy Opportunistic Fund I, LPForm ADV
  4. Jul 1, 2026
    Galaxy Opportunistic Fund III, LP first reported on Form ADV by Galaxy Digital Capital Management LP (Venture Capital Fund), GAV $20,567,190
    Fund first reported on Form ADVFundsInferenceGalaxy Opportunistic Fund III, LPForm ADV
  5. Jul 1, 2026
    Galaxy Ventures Master Fund I, LP first reported on Form ADV by Galaxy Digital Capital Management LP (Venture Capital Fund), GAV $275,900,652
    Fund first reported on Form ADVFundsInferenceGalaxy Ventures Fund I, LPForm ADV

Identity and regulatory footprint

Address, phone, Form ADV filing and ownersForm ADV filed Jul 1, 2026 · 13 private fundsShow
Headquarters
New York, NYadviserinfo.sec.gov
Office address
unknownadviserinfo.sec.gov
Business phone
unknownadviserinfo.sec.gov
SEC adviser type
Registered investment adviseradviserinfo.sec.gov
SEC exemption claimed
unknown
Latest Form ADV
Jul 1, 2026
Private funds reported
13 (8 venture capital funds)adviserinfo.sec.gov
Private fund gross assets, adviser total
$1.1Badviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
Regulatory AUM
$1.7Bthe adviser's RAUM, a regulatory measure, never a fund size
Employees
61
Owners on Schedule A
GDH Intermediate LLC (Limited Partner), owns 25% to 50%; Galaxy Digital Holdings LP (Limited Partner), owns 75% or more; Galaxy Group Investments LLC (Limited Partner), owns 50% to 75%

Classification history

Every classification this record has carried3 on recordShow
  1. Sep 23, 2026
    Private equity with venture activity (probable, 75%)
    Registered adviser; venture funds are 33% of 13 private funds
  2. Sep 12, 2026
    Private equity with venture activity (probable, 75%)
    Registered adviser; venture funds are 27% of 13 private funds
  3. Sep 12, 2026
    Private equity with venture activity (probable, 75%)
    Registered adviser; venture funds are 27% of 10 private funds

Evidence

78 observations from 3 sources
Every observation behind this profile, with its source, date and class
FactValueEffectiveClassSource
Why admittedVC funds reportedJul 1, 2026FactForm ADV
SEC adviser typeRegistered investment adviserJul 1, 2026FactForm ADV
SEC adviser typeRegistered investment adviserJul 1, 2026FactForm ADV
SEC adviser typeRegistered investment adviserMay 8, 2024FactForm ADV
First Form ADV filing2018-03-23Jul 1, 2026FactForm ADV
First Form ADV filing2018-03-23May 8, 2024FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-30Oct 1, 2026FactForm 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 filing2026-07-01Jul 1, 2026FactForm ADV
Latest Form ADV filing2026-07-01Jul 1, 2026FactForm ADV
Latest Form ADV filing2024-05-08May 8, 2024FactForm ADV
SEC statusApprovedJul 1, 2026FactForm ADV
SEC status effective2019-07-30Jul 1, 2026FactForm ADV
Venture share of reported funds0Jul 1, 2026FactForm ADV
Venture share of reported funds0May 8, 2024FactForm ADV
Business phoneJul 1, 2026FactForm ADV
Business phoneMay 8, 2024FactForm ADV
Contact page urlSep 30, 2026Fact
Contact page urlSep 16, 2026Fact
DescriptionSep 30, 2026Fact
DescriptionSep 16, 2026Fact
DescriptionSep 13, 2026Fact
Employees61Jul 1, 2026FactForm ADV
Employees62May 8, 2024FactForm ADV
HeadquartersNew York, NYJul 1, 2026FactForm ADV
HeadquartersNew York, NYMay 8, 2024FactForm ADV
Office addressJul 1, 2026FactForm ADV
Office addressMay 8, 2024FactForm ADV
Self-described typeVenture capitalSep 16, 2026Fact
Legal formOther (specify)Jul 1, 2026FactForm ADV
Other funds reported2Jul 1, 2026FactForm ADV
Private funds reported13Jul 1, 2026FactForm ADV
Private funds reported13Jul 1, 2026FactForm ADV
Private funds reported10May 8, 2024FactForm ADV
Private fund gross assets (reported)$1.1BJul 1, 2026FactForm ADV
Private fund gross assets (reported)$1.1BJul 1, 2026FactForm ADV
Private fund gross assets (reported)$783MMay 8, 2024FactForm ADV
Regulatory AUM (adviser, not fund size)$1.7BJul 1, 2026FactForm ADV
Regulatory AUM (adviser, not fund size)$3.6BMay 8, 2024FactForm ADV
Schedule a diffsadiff-1Jul 1, 2026FactForm ADV
Stated geographyGlobal, israel, texas
“geography words on the home page”
Sep 30, 2026Fact
Stated geographyGlobal, israel, texas
“geography words on the home page”
Sep 16, 2026Fact
Stated geographyGlobal, texas
“geography words on the home page”
Sep 13, 2026Fact
Stated sectorsAI, consumer, crypto, data infrastructure, media
“sector words on the home page”
Sep 30, 2026Fact
Stated sectorsAI, consumer, crypto, data infrastructure, media
“sector words on the home page”
Sep 16, 2026Fact
Stated sectorsAI, consumer, crypto, data infrastructure, media
“sector words on the home page”
Sep 13, 2026Fact
Team pageSep 30, 2026Fact
Team pageSep 16, 2026Fact
Team pageSep 13, 2026Fact
Venture funds reported8Jul 1, 2026FactForm ADV
Venture funds reported8Jul 1, 2026FactForm ADV
Venture funds reported5May 8, 2024FactForm ADV
WebsiteJul 1, 2026FactForm ADV
WebsiteMay 8, 2024FactForm ADV
Site titleSep 30, 2026Fact
Site titleSep 16, 2026Fact
Site titleSep 13, 2026Fact
How this is scored
Scores, classification basis and filing advisersPrivate equity with venture activity, probableShow
Importance
41
elevated
Active deployment
25
moderate
Emerging
0
low
Freshness
100
high
Private equity with venture activity · probableSEC registered investment adviser

Registered adviser; venture funds are 33% of 13 private funds

The inputs behind each score
importance
gav: 0.59 · funds: 1 · people: 0.08 · investments: 0.22 · scale basis: Venture-typed funds only (Private equity with venture activity): 13 funds, $907M of $907M reported · co investors: 0
active deployment
investments 12m: 0 · fund raising 18m: 0 · people joined 12m: 0 · vintage within 3y: 1 · latest investment at: not scored
emerging manager
fund count: 13 · reported gav: $907M · first adv filing: 2018-03-23 · years since first filing: 8.5

Fits, record history and connections

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

Record history

2 identity changes, 1 dated event on the change ledger, latest event first
  • Fund refused
    2026-09-14
  • Fund refused
    2026-09-14
  • Adviser's first ADV filing
    2018-03-23source 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.