Perceptive Advisors

Private equity with venture activitySEC-registered adviserClassification probable· New York, New YorkPERCEPTIVELIFE.COM

Private equity with venture activity, based in New York, New York, reporting $714M of fund assets on its funds' Form ADV filings.

Composed from this organization's classification, location and filed figures.

Reported fund assets
$714M
sum of its funds' Form ADV filings, last 30 months
New companies, 12 mo
3
Investment team
2
Latest vintage
2018
Contact decision makers
More
Ask DFX about thisView relationshipsFind contactsInvestments (8)Team (6)Funds
As of · the latest observation of this organization; filed figures are as of its latest Form ADV

2 additional team members, 16 additional co-investors and affiliates, 5 additional investments, funds and LPs, 3 verified contacts (1 general firm email, 1 published business 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

  1. 3 companies
    new in 12 months

    3 new companies in the last 12 months.

    A firm writing cheques this quarter is one a founder can pitch now.

    Factfunding announcements, Form D, the firm's portfolio pageFor Founders, co-investorsInvestments →
  2. 1 company
    portfolio raising

    One portfolio company has new financing on record in 6 months without this firm named on the round; the latest on 10 Aug 2026 ($65.5M sold on Form D).

    A portfolio company raising again is a follow-on decision for the firm and a co-investment opening for others.

    FactSEC Form D filingsFor Co-investors, LPs, lendersInvestments →
  3. 1 departure
    people, 12 months

    A team member departed 80 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 →
  4. 3 of 3
    enter at Series B+

    Enters mostly at Series B or later: 3 of 3 first entries on record.

    rounds to 3 Sep 2026 · Tells a founder whether their round is one this firm writes.

    Derived3 rounds with a stated stage, against the firm's siteFor FoundersInvestments →

People to know

View all people
  • Adam Leo Stone
    Chief Investment Officer
    Why: Chief investment officer: owns the allocation decision
    No route on file yet
  • Joseph Eric Edelman
    Chief Executive Officer And Portfolio Manager
    Why: Runs the firm (chief executive or president)
    No route on file yet

Relationship network

33 connected entities3 observed rounds

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.

Reading the network
  • Sponsor
  • Company
  • Fund or vehicle
  • Person

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 Perceptive Advisors: 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 Perceptive Advisors

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Investing

8 companies on record, 3 new in 12 months
Investments on record
8 companies, 0 partner-attributed
CompanyRoundRolePartnerRound sizeThis investorDateSource
Escient Pharmaceuticalsportfolio listingunknownunknownunknownunknownSep 20, 2026Fact Company website
Case Study Brandsportfolio listingunknownunknownunknownunknownSep 16, 2026Fact Firm website
Perceptive Credit Opportunities Fundportfolio listingunknownunknownunknownunknownSep 16, 2026Fact Firm website
Stated thesis versus observed behaviour
8 observed deals
Stated (the firm’s website)
Sectors
enterprise software, healthcare, biotech, medtech
Stages
not stated or not yet read
Geography
canada, global, japan, new york
Check size
not stated; DFX does not estimate checks from round sizes
Self-described
venture capital
Observed (from deals on record)
Stage at participation
series b 67%series d plus 33%
Stage at first entry
series b 67%series d plus 33%
Industries, each company once
Life sciences (1)
lead rate 33%follow-on rate 0%new companies, 12 months 3

Team

6 current, 1 departed
Decision makers
who to call first, and why; then everyone else by function
  • Adam Leo Stone · Chief Investment Officer
    Why this person: Chief investment officer: owns the allocation decision; Named with investment responsibility; Joined in Dec 2025
  • Joseph Eric Edelman · Chief Executive Officer And Portfolio Manager
    Why this person: Runs the firm (chief executive or president); Named with investment responsibility
Who else at this firm · 1 person, grouped by function
Finance, operations and compliance (1)
  • Alexander Rakitin · Chief Compliance Officer
    Why this person: Chief Compliance Officer at the firm

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
6 current, 1 departed
1 departed (kept with end dates)
Contacts
1 general firm email, 1 published business email, 1 firm phone

1 general firm email, 1 published business email, 1 firm phone on record, each with its source. Values open with the complete profile.

Funds and LPs

2 vehicles, 0 LPs disclosed
Funds and vehicles
2 reported
VehicleTypeVintageLifecycleReported GAVOwnersForm D soldLatest Form D
Perceptive Xontogeny Venture Fund II, LPFund2018 form d first saleHarvest$500M
Jul 13, 2026
181$169M
of $200M
Nov 26, 2019
Perceptive Xontogeny Venture Fund, LPFund2018 adv first reportedHarvest$214M
Jul 13, 2026
134unknownunknown
Limited partners
0 LPs, 0 disclosed commitments
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.
Known LPs and allocators
1 relationship across the firm's funds, from public pensions and the allocator graph
AllocatorTypeFundAmountDateSource
Hillman Family FoundationsFOUNDATIONPerceptive Xontogeny Venture Fund II, LP$3.7M
fair value on the foundation's return
reported as of Dec 31, 2024Fact IRS Form 990 / 990-PF e-file returns

Relationships across DFX

19 co-investors · on 5 other DFX graphs
Co-investors
19 counted from shared deals, for the whole firm
Across DFX and the capital chainon 5 other DFX graphs · 1 capital path Show
Across DFX
  • Sponsor-market profile (matched by same CRD)
  • The same institution is held on Allocators, Independent Sponsors, Private Equity, RIA and Wealth, Private Credit, matched by identifier. See which records
Across the graphs

Perceptive Advisors is the same institution as 5 records in Allocators, Independent Sponsors, Private Equity, RIA and Wealth and Private Credit.

Allocators1Independent Sponsors1Private Equity1RIA and Wealth1Private Credit1

DFX found 5 relationships across 5 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…

Capital chain

Perceptive Advisors sits on 1 traced path of capital across the graphs.

Allocator commitments to a manager

DFX traced 1 path of capital through this record

Every record on each path, what it committed or lent, and as of when.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.

Checking your plan…

Evidence and history

5 dated events, 87 observations from 4 sources
Timeline
5 dated events
  1. Jul 13, 2026
    Peter William Fierro (Chief Financial Officer) no longer on Schedule A of Perceptive Advisors
    Person leftPeopleInferencePeter William FierroForm ADV
  2. Mar 30, 2021
    Perceptive Xontogeny Venture Fund II, LP first reported on Form ADV by Perceptive Advisors (Venture Capital Fund)
    Fund first reported on Form ADVFundsFactPerceptive Xontogeny Venture Fund II, LPForm ADV
  3. Aug 30, 2018
    Perceptive Xontogeny Venture Fund, LP first reported on Form ADV by Perceptive Advisors (Private Equity Fund)
    Fund first reported on Form ADVFundsFactPerceptive Xontogeny Venture Fund, LPForm ADV
  4. Oct 1, 2017
    Alexander Rakitin joined Schedule A of Perceptive Advisors as Chief Compliance Officer
    Person joinedPeopleFactAlexander RakitinForm ADV
  5. Mar 30, 2012
    Perceptive Advisors first filed Form ADV (IA)
    First SEC adviser filingOrganizationFactForm ADV
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed Jul 13, 2026 · 17 private fundsShow
Headquarters
New York, NYadviserinfo.sec.gov
Office address
unknownadviserinfo.sec.gov
Business phone
unknownadviserinfo.sec.gov
Website
PERCEPTIVELIFE.COM
SEC adviser type
Registered investment adviseradviserinfo.sec.gov
SEC exemption claimed
unknown
Latest Form ADV
Jul 13, 2026
Private funds reported
17 (2 venture capital funds)adviserinfo.sec.gov
Private fund gross assets, adviser total
$12Badviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
Regulatory AUM
$12Bthe adviser's RAUM, a regulatory measure, never a fund size
Employees
49
Classification history
Every classification this record has carried2 on recordShow
  1. Sep 12, 2026
    Private equity with venture activity (probable, 75%)
    Registered adviser; venture funds are 7% of 17 private funds
  2. Sep 12, 2026
    Private equity with venture activity (probable, 75%)
    Registered adviser; venture funds are 7% of 20 private funds
Evidence
87 observations from 4 sources
Every observation behind this profile, with its source, date and class
FactValueEffectiveClassSource
Why admittedVC funds reportedJul 13, 2026FactForm ADV
SEC adviser typeRegistered investment adviserJul 13, 2026FactForm ADV
SEC adviser typeRegistered investment adviserJul 13, 2026FactForm ADV
SEC adviser typeRegistered investment adviserAug 8, 2024FactForm ADV
First Form ADV filing2012-03-30Jul 13, 2026FactForm ADV
First Form ADV filing2012-03-30Aug 8, 2024FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-29Sep 30, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-25Sep 26, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-23Sep 24, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-21Sep 23, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-22Sep 23, 2026FactForm ADV
Adv history loadedadv-hist-1Sep 12, 2026FactForm ADV
Latest Form ADV filing2026-07-13Jul 13, 2026FactForm ADV
Latest Form ADV filing2026-07-13Jul 13, 2026FactForm ADV
Latest Form ADV filing2024-08-08Aug 8, 2024FactForm ADV
SEC statusApprovedJul 13, 2026FactForm ADV
SEC status effective2010-10-04Jul 13, 2026FactForm ADV
Venture share of reported funds0Jul 13, 2026FactForm ADV
Venture share of reported funds0Aug 8, 2024FactForm ADV
Business phoneJul 13, 2026FactForm ADV
Business phoneAug 8, 2024FactForm ADV
Contact page urlSep 16, 2026Factno URL
Employees49Jul 13, 2026FactForm ADV
Employees46Aug 8, 2024FactForm ADV
HeadquartersNew York, NYJul 13, 2026FactForm ADV
HeadquartersNew York, NYAug 8, 2024FactForm ADV
Office addressJul 13, 2026FactForm ADV
Office addressAug 8, 2024FactForm ADV
Self-described typeVenture capital
“Venture Capital”
Sep 16, 2026Factno URL
Self-described typeVenture capital
“Venture Capital”
Sep 14, 2026Factno URL
Legal formLimited Liability CompanyJul 13, 2026FactForm ADV
Other funds reported4Jul 13, 2026FactForm ADV
PE funds reported5Jul 13, 2026FactForm ADV
Portfolio pageSep 16, 2026Factno URL
Portfolio pageSep 14, 2026Factno URL
Private funds reported17Jul 13, 2026FactForm ADV
Private funds reported17Jul 13, 2026FactForm ADV
Private funds reported20Aug 8, 2024FactForm ADV
Private fund gross assets (reported)$12BJul 13, 2026FactForm ADV
Private fund gross assets (reported)$12BJul 13, 2026FactForm ADV
Private fund gross assets (reported)$9.6BAug 8, 2024FactForm ADV
Regulatory AUM (adviser, not fund size)$12BJul 13, 2026FactForm ADV
Regulatory AUM (adviser, not fund size)$9.7BAug 8, 2024FactForm ADV
Schedule a diffsadiff-1Jul 13, 2026FactForm ADV
Stated geographyCanada, global, japan, new york
“geography words on the home page”
Sep 16, 2026Factno URL
Stated geographyCanada, global, japan, new york
“geography words on the home page”
Sep 14, 2026Factno URL
Stated sectorsEnterprise software, healthcare, biotech, medtech
“sector words on the home page”
Sep 16, 2026Factno URL
Stated sectorsEnterprise software, healthcare, biotech, medtech
“sector words on the home page”
Sep 14, 2026Factno URL
Team pageSep 16, 2026Factno URL
Team pageSep 14, 2026Factno URL
Venture funds reported2Jul 13, 2026FactForm ADV
Venture funds reported2Jul 13, 2026FactForm ADV
Venture funds reported2Aug 8, 2024FactForm ADV
WebsiteAug 8, 2024FactForm ADV
Site titleSep 16, 2026Factno URL
Site titleSep 14, 2026Factno URL
How this is scored
Scores, classification basis and filing advisersPrivate equity with venture activity, probableShow
Importance
38
elevated
Active deployment
11
low
Emerging
0
low
Freshness
100
high
Private equity with venture activity · probableSEC registered investment adviser

Registered adviser; venture funds are 7% of 17 private funds

The inputs behind each score
importance
gav: $1 · funds: 0.17 · people: 0.08 · investments: 0.34 · scale basis: Venture-typed funds only (Private equity with venture activity): 2 funds, $714M of $714M reported · co investors: 0.52
active deployment
investments 12m: 0.38 · fund raising 18m: 0 · people joined 12m: 0 · vintage within 3y: 0 · latest investment at: 2026-09-03
emerging manager
fund count: 2 · reported gav: $714M · first adv filing: 2012-03-30 · years since first filing: 14.5

Fits, record history and connections

scored matches for this investor, every identity change, every edge

Record history

1 dated event on the change ledger, latest event first
  • Adviser's first ADV filing
    2012-03-30source 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.