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 / True Equity Management LLC
True Equity Management LLC
True Equity makes direct investments in high growth companies backed by elite venture capital firms.
venture manager, reported GAV $51M across 2 vehicles
Importance
13
low
Active deployment
0
low
Emerging
0
low
Completeness
56
elevated
Freshness
99
high
Research priority
3
low
Identity and regulatory footprint
- Headquarters
- unknown
- Office address
- unknown
- Business phone
- 207-847-3733adviserinfo.sec.gov
- 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
- Mar 25, 2026
- Private funds reported
- 2 (2 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $53.8Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- business email
- info@trueequityinvestments.comtrueequityinvestments.compublished by the subject
- business phone
- 207-847-3733adviserinfo.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
- growth
- Geography
- global
- 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 |
|---|---|---|---|---|---|---|---|
| True Equity I L.P. | Fund | 2020 form d first sale | Mature | $47.5M Mar 25, 2024 | 94 | $46.8M | Dec 28, 2021 |
| True Equity I-B L.P. | Feeder or parallel | 2020 form d first sale | Mature | $3.8M Mar 25, 2024 | 40 | $3.8M | Dec 28, 2021 |
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
7 current, 0 departed
Akhil Giri
AssociateAssociate
Brad Stadler
Founder or executiveFounder
Joe Riggione
Founder or executiveFounder
Brad Stadler
PartnerMember · since Sep 1, 2020
Bradford Woloson
PartnerMember · since Sep 1, 2020
Hugh O'Donnell
PartnerManager · since Sep 1, 2020
Joseph Riggione
PartnerMember · since Sep 1, 2020
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
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
3 dated events
- Mar 31, 2021True Equity 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 31, 2021True Equity I-B L.P. first reported on Form ADV by True Equity Management LLC (Venture Capital Fund), GAV $3,170,000Fund first reported on Form ADVFundsFactTrue Equity I-B L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2021True Equity I L.P. first reported on Form ADV by True Equity Management LLC (Venture Capital Fund), GAV $37,970,000Fund first reported on Form ADVFundsFactTrue Equity I L.P.SEC 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 $51M across 2 vehicles
Evidence
40 observations from 3 sources