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 / Periscope Equity LLC

Periscope Equity LLC

Private equity with venture activity · probableChicago, ILperiscopeequity.comSEC registered investment adviser

registered adviser; venture funds are 0% of 6 private funds

Importance
35
elevated
Active deployment
4
low
Emerging
0
low
Completeness
63
high
Freshness
100
high
Research priority
8
low
Identity and regulatory footprint
Headquarters
Chicago, ILadviserinfo.sec.gov
Office address
ONE NORTH WACKER DRIVE, SUITE 4050, Chicago, IL, 60606adviserinfo.sec.gov
Business phone
312-281-6205adviserinfo.sec.gov
SEC adviser type
registered investment adviseradviserinfo.sec.gov
SEC exemption claimed
unknown
Latest Form ADV
Apr 22, 2024
Private funds reported
6 (0 venture capital funds)adviserinfo.sec.gov
Private fund gross assets
$436Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
Regulatory AUM
$436Mthe adviser's RAUM, a regulatory measure, never a fund size
Employees
13
business email
info@periscopeequity.comperiscopeequity.compublished by the subject
business email
sjarmel@periscopeequity.comperiscopeequity.compublished by the subject
business email
afriedman@periscopeequity.comperiscopeequity.compublished by the subject
business phone
312-281-6205adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
1 observed deals
Stated (the firm’s website)
Sectors
healthcare, climate
Stages
not stated or not yet read
Geography
chicago
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 1
Funds and vehicles
7 reported
VehicleTypeVintageLifecycleReported GAVOwnersForm D soldLatest Form D
Periscope Equity II, L.P.Fund · ADV: Private Equity Fund2020 form d first saleMature$230M
Apr 22, 2024
32$226M
of $226M
Jan 26, 2021
Periscope Mss Co-Invest Holdings, LLCSPV or co-invest vehicle · ADV: Private Equity Fund2020 adv first reportedMature$40.4M
Apr 22, 2024
16unknownunknown
Periscope Equity Ii-A, L.P.Feeder or parallel · ADV: Private Equity Fund2020 form d first saleMature$40.4M
Apr 22, 2024
3$226M
of $226M
Jan 26, 2021
Periscope Ibh Holdings LLCFund · ADV: Private Equity Fund2020 adv first reportedMature$7.4M
Apr 22, 2024
5unknownunknown
Periscope Seniormetrics Holdings, LLCFund · ADV: Private Equity Fund2020 adv first reportedMature$3.7M
Apr 22, 2024
18unknownunknown
Periscope Equity I GP, L.P.Fund · ADV: Private Equity Fund2017 form d first saleHarvest$114M
Apr 22, 2024
35$104M
of $104M
Jul 31, 2018
Periscope Inflexxion Holdings LLCFund · ADV: Private Equity Fund2014 form d first saleHarvest$1,979
Mar 29, 2021
32$2.3M
of $2.3M
Dec 30, 2014
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
39 current, 1 departed
John Rudd
Board Member - Praecipio Consulting
Board or advisory
Jerry Fields
Board Member - Reservoir Communications Group
Platform and operations
Lisa (Lerner) Harkins
Chief Financial Officer & Chief Compliance Officer
Platform and operations
Lisa Beth Lerner
Chief Compliance Officer & Chief Financial Officer · since Mar 1, 2021
Platform and operations
Robert Schooling
CEO - Reservoir Communications Group
Platform and operations
1 departed (kept with end dates)
Investments on record
1 edges, 1 companies, 0 partner-attributed
CompanyRoundRolePartnerRound sizeThis investorDateSource
Let's Start The Conversationportfolio listingunknownunknownunknownunknownSep 16, 2026Fact Venture organization websites (about, team, portfolio, thesis, news pages)
“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
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
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
12 dated events
  1. Mar 29, 2021
    Periscope Equity II, L.P. first reported on Form ADV by Periscope Equity LLC (Private Equity Fund), GAV $193,220,000
  2. Mar 29, 2021
    Periscope Equity Ii-A, L.P. first reported on Form ADV by Periscope Equity LLC (Private Equity Fund), GAV $32,600,000
  3. Mar 1, 2021
    Lisa Beth Lerner joined Schedule A of Periscope Equity LLC as Chief Compliance Officer & Controller
  4. Mar 30, 2020
    Periscope Ibh Holdings LLC first reported on Form ADV by Periscope Equity LLC (Private Equity Fund), GAV $2,250,000
  5. Mar 30, 2020
    Periscope Seniormetrics Holdings, LLC first reported on Form ADV by Periscope Equity LLC (Private Equity Fund), GAV $4,985,100
  6. Mar 30, 2020
    Periscope Inflexxion Holdings LLC first reported on Form ADV by Periscope Equity LLC (Private Equity Fund), GAV $1,979
  7. Mar 30, 2020
    Periscope Mss Co-Invest Holdings, LLC first reported on Form ADV by Periscope Equity LLC (Private Equity Fund), GAV $15,750,000
  8. Mar 30, 2020
    Steven Bradley Jarmel (Managing Member) no longer on Schedule A of Periscope Equity LLC
  9. Oct 1, 2019
    John Warren Findlay joined Schedule A of Periscope Equity LLC as Partner
  10. Mar 5, 2018
    Periscope Equity I GP, L.P. first reported on Form ADV by Periscope Equity LLC (Private Equity Fund), GAV $81,350,000
  11. Mar 5, 2018
    Periscope Equity LLC first filed Form ADV (ERA)
  12. Dec 1, 2012
    Steven Bradley Jarmel joined Schedule A of Periscope Equity LLC as Partner; Managing Member
Classification history
  1. Sep 12, 2026
    Private equity with venture activity (probable, 75%, cls-1)
    registered adviser; venture funds are 0% of 6 private funds
Evidence
36 observations from 2 sources
Every observation behind this profile, with its source, date and class
FactValueEffectiveClassSource
SEC adviser typeregistered_investment_adviserApr 22, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
First Form ADV filing2018-03-05Apr 22, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Adv history loadedadv-hist-1Sep 12, 2026FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Latest Form ADV filing2024-04-22Apr 22, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Venture share of reported funds0Apr 22, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Business phone312-281-6205Apr 22, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Contact page urlhttps://periscopeequity.com/contact/
contact page linked from the home page
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Employees13Apr 22, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
HeadquartersChicago, ILApr 22, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Office addressONE NORTH WACKER DRIVE, SUITE 4050, Chicago, IL, 60606Apr 22, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Portfolio pagehttps://periscopeequity.com/companies/wpas/
1 entries read
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Portfolio pagehttps://periscopeequity.com/companies/wpas/
1 entries read
Sep 14, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Private funds reported6Apr 22, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Private fund gross assets (reported)$436MApr 22, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Regulatory AUM (adviser, not fund size)$436MApr 22, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Stated geographychicago
geography words on the home page
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Stated geographychicago
geography words on the home page
Sep 14, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Stated sectorshealthcare,climate
sector words on the home page
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Stated sectorsfintech,healthcare,climate
sector words on the home page
Sep 14, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Team pagehttps://periscopeequity.com/team/
35 name/title pairs read
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Team pagehttps://periscopeequity.com/team/
34 name/title pairs read
Sep 14, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Venture funds reported0Apr 22, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
WebsiteHTTP://PERISCOPEEQUITY.COM/Apr 22, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Site title
title tag
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Site title
title tag
Sep 14, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)