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 / Kepha Partners Management LLC
Kepha Partners Management LLC
venture manager, reported GAV $182M across 2 vehicles
Importance
17
moderate
Active deployment
0
low
Emerging
0
low
Completeness
63
high
Freshness
100
high
Research priority
3
low
Identity and regulatory footprint
- Headquarters
- Waltham, MAadviserinfo.sec.gov
- Office address
- 303 WYMAN STREET, SUITE 300, Waltham, MA, 02451adviserinfo.sec.gov
- Business phone
- 6177969056adviserinfo.sec.gov
- Website
- HTTP://WWW.KEPHAPARTNERS.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
- Jan 6, 2026
- Private funds reported
- 2 (2 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $182Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- business phone
- 6172900029adviserinfo.sec.govpublished by the subject
- business phone
- 6177969056adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
no observed deals yet
Stated (the firm’s website)
- Sectors
- not stated or not yet read
- Stages
- seed, early
- 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
2 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Kepha Partners II, L.P. | Fund | 2011 form d first sale | Harvest | $82.6M Jan 4, 2024 | 23 | $0 of $100M | Sep 15, 2011 |
| Kepha Partners I, LP | Fund | unknown | Unknown | $99.9M Jan 4, 2024 | 35 | 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
2 current, 1 departed
Eric Hjerpe
PartnerMember · since Jan 1, 2012
Josaphat K Tango
PartnerMember · since Apr 1, 2007
1 departed (kept with end dates)
- Edward Hamilton · Chief Financial Officer · Apr 1, 2009 to Jan 16, 2020 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
1 disclosed
- Massachusetts Pension Reserves Investment Management Board amount undisclosed mapension.com
Timeline
5 dated events
- Jun 30, 2025Mass PRIM lists Kepha Partners among its private equity managers
- Jan 16, 2020Edward Hamilton (Chief Financial Officer) no longer on Schedule A of Kepha Partners Management LLC
- Mar 14, 2012Kepha Partners Management 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 14, 2012Kepha Partners II, L.P. first reported on Form ADV by Kepha Partners Management LLC (Venture Capital Fund), GAV $77,343,750Fund first reported on Form ADVFundsFactKepha Partners II, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 14, 2012Kepha Partners I, LP first reported on Form ADV by Kepha Partners Management LLC (Venture Capital Fund), GAV $99,883,334Fund first reported on Form ADVFundsFactKepha Partners I, 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 $182M across 2 vehicles
Evidence
52 observations from 3 sources