PA Capital Management LLC
Palo Alto Growth Capital invests in exceptional companies building the infrastructure, platforms, and technologies powering the next generation of AI.
In the firm's own words, from its website.
37 additional co-investors and affiliates, 37 additional investments, funds and LPs, 2 verified contacts (1 general firm email, 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
- 2 companiesportfolio raising
2 portfolio companies have new financing on record in 6 months without this firm named on the round; the latest on 30 Jul 2026 ($300M round).
A portfolio company raising again is a follow-on decision for the firm and a co-investment opening for others.
- 6 dealswith Manhattan West Asset Management
Invests most often alongside Manhattan West Asset Management (6 shared deals) and Institutional Venture (5 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 recordFor Founders building a round, co-investorsCo-investors →
Relationship network
81 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.
- Sponsor
- Company
- Fund or vehicle
›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 PA Capital Management LLC: 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 PA Capital Management LLC
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Investing
40 companies on record, 0 new in 12 months
Investments on record
What these amounts mean“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.Acquired, Public, Exited and Active are what the firm’s own portfolio card says, read on the date shown when you hover the chip; they are not deal dates. A company with no chip is one whose card states no outcome: DFX does not assume it is active.| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| AngelList | portfolio listing | unknown | unknown | unknown | unknown | Oct 1, 2026 | Fact Firm website |
| Anthropic | portfolio listing | unknown | unknown | unknown | unknown | Oct 1, 2026 | Fact Firm website |
| Arcticwolf | portfolio listing | unknown | unknown | unknown | unknown | Oct 1, 2026 | Fact Firm website |
Stated thesis versus observed behaviour
- Sectors
- ai, fintech, deep tech, hardware, robotics, defense, quantum
- Stages
- not stated or not yet read
- Geography
- silicon valley
- Check size
- not stated; DFX does not estimate checks from round sizes
Team
0 current, 0 departed
Investment team
How the team is orderedPartners who lead rounds first (rounds led, then deals attributed, then seniority), then the rest of the investment team, then investor relations, finance and operations. A person named by two sources under two spellings is shown once.Contacts
1 general firm email, 1 firm phone on record, each with its source. Values open with the complete profile.
Funds and LPs
1 vehicle, 0 LPs disclosed
Funds and vehicles
What these amounts meanGAV 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.| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Palo Alto Growth Capital LLC | Growth fund | 2024 form d first sale | Fundraising | $32.8M Sep 12, 2026 | 12 | $0 | Oct 31, 2025 |
Limited partners
Known LPs and allocators
What these amounts and dates areEach commitment is counted once across the pension tape and the allocator graph. A commitment date prints only when the source printed one; otherwise the row carries the report date. A foundation’s 990-PF line is a holding at fair value, never a commitment. Rows without a fund on the venture graph are commitments to this manager.Relationships across DFX
123 co-investors · on 2 other DFX graphs
Co-investors
- 2026-10-016 shared deals · strong
- 2026-10-015 shared deals · strong
- 2026-10-014 shared deals · strong
Across DFX and the capital chainon 2 other DFX graphs ShowHide
- The same institution is held on Private Equity, Private Credit, matched by identifier. See which records
PA Capital Management LLC is the same institution as 2 records in Private Equity and Private Credit.
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
3 dated events, 44 observations from 3 sources
Timeline
- seen on or beforeSep 12, 2026PA Capital Management LLC: INSTITUTIONAL_VC -> GROWTH_INVESTOR (growth or late-stage vehicles only)Classification changedClassificationInference
- Sep 12, 2026Palo Alto Growth Capital LLC first reported on Form ADV by PA Capital Management LLC, GAV $32,765,185
- Jul 25, 2025PA Capital Management LLC appears on the SEC adviser roster (ERA, venture capital fund adviser exemption)
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed Feb 4, 2026 · 1 private fundsShowHide
- Headquarters
- Sunnyvale, CAadviserinfo.sec.gov
- Office address
- unknownadviserinfo.sec.gov
- Business phone
- unknownadviserinfo.sec.gov
- Website
- paloalto.capital
- 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
- Feb 4, 2026
- Private funds reported
- 1 (1 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets, adviser total
- $32.8Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
Classification history
Classification history
Every classification this record has carried2 on recordShowHide
- Sep 13, 2026Growth investor (confirmed, 95%)Growth or late-stage vehicles only
- Sep 12, 2026Institutional venture firm (confirmed, 70%)Venture manager with no reported fund assets yet (scale unknown)
Evidence
Every observation behind this profile, with its source, date and class
| Fact | Value | Effective | Class | Source |
|---|---|---|---|---|
| Why admitted | VC exemption, VC funds reported | Feb 4, 2026 | Fact | Form ADV |
| SEC exemption claimed | Venture capital fund adviser | Feb 4, 2026 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Feb 4, 2026 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Feb 4, 2026 | Fact | Form ADV |
| First Form ADV filing | 2024-05-10 | Feb 4, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-30 | Oct 1, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-29 | Sep 30, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-25 | Sep 26, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-23 | Sep 24, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-21 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-22 | Sep 23, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-02-04 | Feb 4, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-02-04 | Feb 4, 2026 | Fact | Form ADV |
| Adv pdf loaded | adv-pdf-1 | Sep 12, 2026 | Fact | Form ADV |
| SEC status | ERA - Active | Feb 4, 2026 | Fact | Form ADV |
| SEC status effective | 2025-07-25 | Feb 4, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Feb 4, 2026 | Fact | Form ADV |
| Business phone | Feb 4, 2026 | Fact | Form ADV | |
| Description | Oct 1, 2026 | Fact | ||
| Description | Sep 16, 2026 | Fact | ||
| Description | Sep 13, 2026 | Fact | ||
| Headquarters | Sunnyvale, CA | Feb 4, 2026 | Fact | Form ADV |
| Office address | Feb 4, 2026 | Fact | Form ADV | |
| Legal form | Limited Liability Company | Feb 4, 2026 | Fact | Form ADV |
| Portfolio page | Oct 1, 2026 | Fact | ||
| Portfolio page | Sep 16, 2026 | Fact | ||
| Portfolio page | Sep 13, 2026 | Fact | ||
| Private funds reported | 1 | Feb 4, 2026 | Fact | Form ADV |
| Private funds reported | 1 | Feb 4, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $32.8M | Feb 4, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $32.8M | Feb 4, 2026 | Fact | Form ADV |
| Schedule a diff | sadiff-1 | Sep 28, 2026 | Fact | Form ADV |
| Stated geography | silicon valley “geography words on the home page” | Oct 1, 2026 | Fact | |
| Stated geography | silicon valley “geography words on the home page” | Sep 16, 2026 | Fact | |
| Stated geography | silicon valley “geography words on the home page” | Sep 13, 2026 | Fact | |
| Stated sectors | AI, fintech, deep tech, hardware, robotics, defense, quantum “sector words on the home page” | Oct 1, 2026 | Fact | |
| Stated sectors | AI, fintech, deep tech, hardware, robotics, defense, quantum “sector words on the home page” | Sep 16, 2026 | Fact | |
| Stated sectors | AI, fintech, deep tech, hardware, robotics, defense, quantum “sector words on the home page” | Sep 13, 2026 | Fact | |
| Venture funds reported | 1 | Feb 4, 2026 | Fact | Form ADV |
| Venture funds reported | 1 | Feb 4, 2026 | Fact | Form ADV |
| Website | Feb 4, 2026 | Fact | Form ADV | |
| Site title | Oct 1, 2026 | Fact | ||
| Site title | Sep 16, 2026 | Fact | ||
| Site title | Sep 13, 2026 | Fact |
How this is scored
Scores, classification basis and filing advisersGrowth investor, confirmedShowHide
Growth or late-stage vehicles only
- importance
- gav: 0.16 · funds: 0.08 · people: 0 · investments: 0.59 · co investors: 0.84
- 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: 1 · reported gav: $32.8M · first adv filing: 2025-07-25 · years since first filing: 1.2
Fits, record history and connections
scored matches for this investor, every identity change, every edge
Fits
- score 23confidence 90%Why: activity; cap table; emerging
- score 23confidence 90%Why: activity; cap table; emerging
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
- Organization classification changed2026-09-12
- Adviser's first ADV filing2025-07-25source 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.
Not yet on record: investment team.