Deepwater Asset Management, LLC
Discover tailored investment strategies from a trusted team of experts. Our firm delivers long-term growth and portfolio diversification for high-net-worth individuals and institutions.
In the firm's own words, from its website.
5 additional team members, 29 additional co-investors and affiliates, 9 additional investments, funds and LPs, 11 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 companyportfolio raising
One portfolio company has new financing on record in 6 months without this firm named on the round; the latest on 12 Aug 2026 ($5B sold on Form D).
A portfolio company raising again is a follow-on decision for the firm and a co-investment opening for others.
- 1 departurepeople, 12 months
A team member departed 50 days ago.
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- Managing PartnerWhy: Managing partner: runs the firmNo route on file yet
- Co-founder, Managing PartnerWhy: Managing partner: runs the firmNo route on file yet
- Co-founder, Managing PartnerWhy: Managing partner: runs the firmNo route on file yet
Relationship network
55 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
- 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 Deepwater Asset 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 Deepwater Asset Management, LLC
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Investing
6 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 |
|---|---|---|---|---|---|---|---|
| ApplifierExited | portfolio listing | unknown | unknown | unknown | unknown | Oct 1, 2026 | Fact Firm website |
| Databricks, Inc. | portfolio listing | unknown | unknown | unknown | unknown | Oct 1, 2026 | Fact Firm website |
| Early-Stage | portfolio listing | unknown | unknown | unknown | unknown | Oct 1, 2026 | Fact Firm website |
Stated thesis versus observed behaviour
- Sectors
- ai, fintech, deep tech, hardware, robotics
- Stages
- growth, early
- Geography
- not stated
- Check size
- not stated; DFX does not estimate checks from round sizes
- Self-described
- venture capital
Team
9 current, 2 departed
Decision makers
- Charles Eugene Munster · Managing PartnerWhy this person: Managing partner: runs the firm; Named with investment responsibility
- Doug Clinton · Co-founder, Managing PartnerWhy this person: Managing partner: runs the firm; Named with investment responsibility
- Gene Munster · Co-founder, Managing PartnerWhy this person: Managing partner: runs the firm; 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
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.- Co-founder, Managing Partner
- Co-founder, Managing Partner
- Managing Partner
1 departed (kept with end dates)
- Joseph Conroy Robillard · Managing Partner · Jun 1, 2022 to Aug 12, 2026 Fact
Contacts
1 firm phone on record, each with its source. Values open with the complete profile.
Funds and LPs
8 vehicles, 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 |
|---|---|---|---|---|---|---|---|
| Deepwater Venture Fund II, LP | Fund | 2023 form d first sale | Active deployment | $42.3M Aug 12, 2026 | 99 | $12.5M | Jan 2, 2024 |
| Deepwater Spv I, LP | SPV or co-invest vehicle | 2022 form d first sale | Active deployment | $5.1M Aug 12, 2026 | 34 | $4.4M | Dec 19, 2024 |
| Loup Ventures Fund I LP | Fund | unknown | Unknown | $76.0M Aug 12, 2026 | 99 | $0 of $20.0M | Jul 10, 2017 |
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
32 co-investors · on 2 other DFX graphs
Co-investors
- 2026-10-011 shared deal · one time
- 2026-10-011 shared deal · one time
- 2026-10-011 shared deal · one time
Compare portfolios with A.capital Ventures, Geodesic Investments, L.L.C, Interplay Ventures Early Stage Management LLC or any firm. Co-investors across the market
Across DFX and the capital chainon 2 other DFX graphs ShowHide
- Family office profile (matched by same SEC CIK)
- The same institution is held on Family Offices, RIA and Wealth, matched by identifier. See which records
Deepwater Asset Management, LLC is the same institution as 2 records in Family Offices and RIA and Wealth.
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
16 dated events, 73 observations from 4 sources
Timeline
- seen on or beforeSep 23, 2026Deepwater Asset Management, LLC: INSTITUTIONAL_VC -> MULTI_STAGE_VC (both early and growth/opportunity families, reported GAV $263M)Classification changedClassificationInference
- Aug 12, 2026Joseph Conroy Robillard (Managing Partner) no longer on Schedule A of Deepwater Asset Management, LLC
- Aug 12, 2026Deepwater Late-Stage Fund II first reported on Form ADV by Deepwater Asset Management, LLC (Venture Capital Fund), GAV $9,875,000
- Aug 12, 2026Deepwater Spv II LP first reported on Form ADV by Deepwater Asset Management, LLC (Venture Capital Fund), GAV $62,824,917
- Aug 12, 2026Deepwater Spv IV LP first reported on Form ADV by Deepwater Asset Management, LLC (Venture Capital Fund), GAV $14,312,981
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed Aug 12, 2026 · 10 private fundsShowHide
- Headquarters
- Minneapolis, MNadviserinfo.sec.gov
- Office address
- unknownadviserinfo.sec.gov
- Business phone
- unknownadviserinfo.sec.gov
- Website
- deepwatermgmt.com
- SEC adviser type
- Registered investment adviseradviserinfo.sec.gov
- SEC exemption claimed
- unknown
- Latest Form ADV
- Aug 12, 2026
- Private funds reported
- 10 (8 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets, adviser total
- $314Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- Regulatory AUM
- $567Mthe adviser's RAUM, a regulatory measure, never a fund size
- Employees
- 9
Classification history
Classification history
Every classification this record has carried2 on recordShowHide
- Sep 23, 2026Multi-stage venture firm (probable, 80%)Both early and growth/opportunity families, reported GAV $263M
- Sep 12, 2026Institutional venture firm (probable, 80%)Venture manager, reported GAV $58M across 3 vehicles
Evidence
Every observation behind this profile, with its source, date and class
| Fact | Value | Effective | Class | Source |
|---|---|---|---|---|
| Why admitted | VC funds reported | Aug 12, 2026 | Fact | Form ADV |
| SEC adviser type | Registered investment adviser | Aug 12, 2026 | Fact | Form ADV |
| SEC adviser type | Registered investment adviser | Aug 12, 2026 | Fact | Form ADV |
| SEC adviser type | Registered investment adviser | Sep 30, 2024 | Fact | Form ADV |
| First Form ADV filing | 2021-09-02 | Aug 12, 2026 | Fact | Form ADV |
| First Form ADV filing | 2021-09-02 | Sep 30, 2024 | 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 |
| Adv history loaded | adv-hist-1 | Sep 12, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-08-12 | Aug 12, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-08-12 | Aug 12, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2024-09-30 | Sep 30, 2024 | Fact | Form ADV |
| SEC status | Approved | Aug 12, 2026 | Fact | Form ADV |
| SEC status effective | 2022-07-29 | Aug 12, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Aug 12, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Sep 30, 2024 | Fact | Form ADV |
| Business phone | Aug 12, 2026 | Fact | Form ADV | |
| Business phone | Sep 30, 2024 | Fact | Form ADV | |
| Contact page url | Oct 1, 2026 | Fact | ||
| Contact page url | Sep 16, 2026 | Fact | ||
| Description | Oct 1, 2026 | Fact | ||
| Description | Sep 16, 2026 | Fact | ||
| Description | Sep 14, 2026 | Fact | ||
| Employees | 9 | Aug 12, 2026 | Fact | Form ADV |
| Employees | 10 | Sep 30, 2024 | Fact | Form ADV |
| Headquarters | Minneapolis, MN | Aug 12, 2026 | Fact | Form ADV |
| Headquarters | Minneapolis, MN | Sep 30, 2024 | Fact | Form ADV |
| Office address | Aug 12, 2026 | Fact | Form ADV | |
| Office address | Sep 30, 2024 | Fact | Form ADV | |
| Self-described type | Venture capital “Venture Capital” | Oct 1, 2026 | Fact | |
| Self-described type | Venture capital “Venture Capital” | Sep 16, 2026 | Fact | |
| Self-described type | Venture capital “Venture Capital” | Sep 14, 2026 | Fact | |
| Legal form | Limited Liability Company | Aug 12, 2026 | Fact | Form ADV |
| Portfolio page | Oct 1, 2026 | Fact | ||
| Portfolio page | Sep 16, 2026 | Fact | ||
| Portfolio page | Sep 14, 2026 | Fact | ||
| Private funds reported | 10 | Aug 12, 2026 | Fact | Form ADV |
| Private funds reported | 10 | Aug 12, 2026 | Fact | Form ADV |
| Private funds reported | 5 | Sep 30, 2024 | Fact | Form ADV |
| Private fund gross assets (reported) | $314M | Aug 12, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $314M | Aug 12, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $133M | Sep 30, 2024 | Fact | Form ADV |
| Regulatory AUM (adviser, not fund size) | $567M | Aug 12, 2026 | Fact | Form ADV |
| Regulatory AUM (adviser, not fund size) | $333M | Sep 30, 2024 | Fact | Form ADV |
| Schedule a diff | sadiff-1 | Aug 12, 2026 | Fact | Form ADV |
| Stated sectors | AI, fintech, deep tech, hardware, robotics “sector words on the home page” | Oct 1, 2026 | Fact | |
| Stated sectors | AI, fintech, deep tech, hardware, robotics “sector words on the home page” | Sep 16, 2026 | Fact | |
| Stated sectors | AI, fintech, deep tech, hardware, robotics “sector words on the home page” | Sep 14, 2026 | Fact | |
| Stated stages | Growth, early “stage words on the home page” | Oct 1, 2026 | Fact | |
| Stated stages | Growth, early “stage words on the home page” | Sep 16, 2026 | Fact | |
| Stated stages | Growth, early “stage words on the home page” | Sep 14, 2026 | Fact | |
| Team page | Oct 1, 2026 | Fact | ||
| Team page | Sep 16, 2026 | Fact | ||
| Team page | Sep 14, 2026 | Fact | ||
| Venture funds reported | 8 | Aug 12, 2026 | Fact | Form ADV |
| Venture funds reported | 8 | Aug 12, 2026 | Fact | Form ADV |
| Venture funds reported | 3 | Sep 30, 2024 | Fact | Form ADV |
| Website | Sep 12, 2026 | Fact | Form ADV | |
| Website | Sep 30, 2024 | Fact | Form ADV | |
| Website | Sep 30, 2024 | Fact | Form ADV | |
| Site title | Oct 1, 2026 | Fact | ||
| Site title | Sep 16, 2026 | Fact | ||
| Site title | Sep 14, 2026 | Fact |
How this is scored
Scores, classification basis and filing advisersMulti-stage venture firm, probableShowHide
Both early and growth/opportunity families, reported GAV $263M
- importance
- gav: 0.43 · funds: 0.75 · people: 0.44 · investments: 0.31 · co investors: 0.61
- 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: 9 · reported gav: $263M · first adv filing: 2021-09-02 · years since first filing: 5.1
Fits, record history and connections
scored matches for this investor, every identity change, every edge
Record history
- Organization classification changed2026-09-23
- Adviser's first ADV filing2021-09-02source 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.