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 / Section Partners Management, LLC
Section Partners Management, LLC
Private equity with venture activity · probablePalo Alto, CAsectionpartners.comSEC registered investment adviserfundraising evidenceone firm, 2 filing advisers
This firm files as 2 advisers on sectionpartners.com: Section Capital Management, LP. Each keeps its own CRD, funds and filings; the grouping is the website each swore to on Form ADV and is recomputed every pass.
Section Partners is a growth-stage venture capital firm providing personal financing solutions to founders, executives and key shareholders of venture-backed technology companies. Our structured financing enables shareholders to secure personal capital for life events or option exercise while retaining future upside in their shares. We also make traditional primary and secondary investments.
registered adviser; venture funds are 33% of 10 private funds
Importance
25
moderate
Active deployment
90
high
Emerging
0
low
Completeness
81
high
Freshness
100
high
Research priority
25
moderate
Identity and regulatory footprint
- Headquarters
- Palo Alto, CAadviserinfo.sec.gov
- Office address
- 525 UNIVERSITY AVENUE, SUITE #24, Palo Alto, CA, 94301adviserinfo.sec.gov
- Business phone
- 650-229-8519adviserinfo.sec.gov
- SEC adviser type
- registered investment adviseradviserinfo.sec.gov
- SEC exemption claimed
- unknown
- Latest Form ADV
- Mar 25, 2026
- Private funds reported
- 10 (3 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $526Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- Regulatory AUM
- $590Mthe adviser's RAUM, a regulatory measure, never a fund size
- Employees
- 10
- Owners on Schedule A
- David V. Crowder & Alisyn Y. Crowder, Trustees U/a/d 6/30/99 (Member), E; Tobi III Spe Xvii LLC (Member), B; LVS III Holding LP (Shareholder), F; Pimco Bravo Fund III , L.P. (Limited Partner), E
- business email
- info@sectionpartners.comsectionpartners.compublished by the subject
- business email
- solomon@sectionpartners.comsectionpartners.compublished by the subject
- business email
- dave@sectionpartners.comsectionpartners.compublished by the subject
- business phone
- (650) 294-8547adviserinfo.sec.govpublished by the subject
- business phone
- 650-229-8519adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
33 observed deals
Stated (the firm’s website)
- Sectors
- ai, enterprise software, fintech, healthcare, marketplaces, hardware, crypto
- Stages
- growth
- Geography
- uk
- 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
unknown 91%Other Technology 9%
lead rate n/afollow-on rate n/anew logos, 12 months 33
Funds and vehicles
4 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Sp-Intercept Dp, LP | Fund | 2024 adv first reported | Early deployment | $6.7M Mar 27, 2024 | 24 | $0 of $5.0M | Nov 15, 2023 |
| Section Ventures II, LP | Fund | 2023 form d first sale | Fundraising | $4.8M Mar 27, 2024 | 14 | $22.6M of $50.0M | Sep 12, 2025 |
| SP Liq Partners, LP | Fund | 2022 adv first reported | Active deployment | $4.3M Mar 27, 2024 | 32 | $0 of $5.0M | Oct 26, 2021 |
| Section Ventures, LP | Fund | 2020 form d first sale | Mature | $31.5M Mar 27, 2024 | 37 | $24.2M of $30.0M | Jun 16, 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
11 current, 0 departed
Alisyn Young Crowder
Board or advisoryTrustee · since Jun 1, 1999
David Crowder
Board or advisoryTrustee · since Jun 1, 1999
Dave Crowder
Managing partnerFounder, Co-Managing Partner
dave@sectionpartners.com (published by the subject)FactVenture organization websites (about, team, portfolio, thesis, news pages)
Solomon Lee
Managing partnerCo-Managing Partner
solomon@sectionpartners.com (published by the subject)FactVenture organization websites (about, team, portfolio, thesis, news pages)
Emma Yurochko
Platform and operationsFirm Operations Manager
Gianni Matulovich
Platform and operationsExecutive Assistant
info@sectionpartners.com (published by the subject)FactVenture organization websites (about, team, portfolio, thesis, news pages)
Michael Fath
Platform and operationsPortfolio Operations
Paramjot Singh
Platform and operationsFinance & Operations Manager
Ryan Jeffrey Randall
Platform and operationsChief Financial Officer & Chief Compliance Officer · since Dec 1, 2020
Ryan Randall
Platform and operationsCFO, CCO, Partner
Zane Veater
PrincipalPrincipal
Investments on record
33 edges, 33 companies, 0 partner-attributed
“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
40 relationships from shared deals, counted for the whole firm
Sapphire Ventures, LLC 4 shared · strongMillennium Technology Value Partners 3 shared · recurringLUX Capital Management, LLC 3 shared · recurringAlkeon Capital Management, LLC 3 shared · recurringAvenir Management Company, LLC 2 shared · recurringAmplify Partners 2 shared · recurringA.capital Ventures 2 shared · recurring137 Ventures Management, LLC 2 shared · recurringA-Star Partners, LLC 2 shared · recurringManhattan West Asset Management, LLC 2 shared · recurringMenlo Ventures 2 shared · recurringWebb Investment Network Management, LLC 2 shared · recurringKickstart Capital, LLC 2 shared · recurringInterplay Ventures Early Stage Management LLC 2 shared · recurringSamsung 1 shared · one timePathlight Management III, LLC 1 shared · one timeShine Capital 1 shared · one timeUnifi Ventures, LLC 1 shared · one timePA Capital Management LLC 1 shared · one timeCNK Equity Partners I, LLC 1 shared · one timeSavano Direct Capital Partners, LLC 1 shared · one timeDark Pool Capital 1 shared · one timeRPM Ventures 1 shared · one timeBullvc Fund Management LLC 1 shared · one timeMighty Capital Management LLC 1 shared · one timeGrotech Management Company 1 shared · one timePortfolia Venture Management, LLC 1 shared · one timeNSV Management LLC 1 shared · one timeBlumberg Capital, L.L.C. 1 shared · one timeNEA: New Enterprise Associates 1 shared · one timeAleph 1 shared · one timeAdit Ventures Management, LLC 1 shared · one timeParade Route LLC 1 shared · one timeTrinity Ventures 1 shared · one timePear Ventures Management, LLC 1 shared · one timeAccel 1 shared · one timeArtis Capital Management, L.P. 1 shared · one timeDeepwater Asset Management, LLC 1 shared · one timeArtisanal Ventures, LLC 1 shared · one timeRuna Capital Advisors 1 shared · one time
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
11 dated events
- Sep 15, 2026Chef: acquired by Progress Software on or before 2026-09-15 (no date published), per Section Partners Management, LLC's portfolio page
- Sep 15, 2026TigerConnect: acquired by Vista Equity Partners on or before 2026-09-15 (no date published), per Section Partners Management, LLC's portfolio page
- Sep 15, 2026Puppet: acquired by Perforce Software on or before 2026-09-15 (no date published), per Section Partners Management, LLC's portfolio page
- Sep 15, 2026Drchrono: acquired by EverCommerce on or before 2026-09-15 (no date published), per Section Partners Management, LLC's portfolio page
- Sep 15, 2026Intermedia: acquired by Madison Dearborn on or before 2026-09-15 (no date published), per Section Partners Management, LLC's portfolio page
- Sep 15, 2026LogRhythm: acquired by Thoma Bravo on or before 2026-09-15 (no date published), per Section Partners Management, LLC's portfolio page
- Sep 15, 2026Github: acquired by Microsoft on or before 2026-09-15 (no date published), per Section Partners Management, LLC's portfolio page
- Mar 27, 2024Section Ventures II, LP first reported on Form ADV by Section Partners Management, LLC (Venture Capital Fund), GAV $4,795,620Fund first reported on Form ADVFundsFactSection Ventures II, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 27, 2024Sp-Intercept Dp, LP first reported on Form ADV by Section Partners Management, LLC (Venture Capital Fund), GAV $6,701,749Fund first reported on Form ADVFundsFactSp-Intercept Dp, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2022SP Liq Partners, LP first reported on Form ADV by Section Partners Management, LLC (Venture Capital Fund), GAV $5,066,850Fund first reported on Form ADVFundsFactSP Liq Partners, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Jun 29, 2021Section Partners Management, LLC first filed Form ADV (IA)First SEC adviser filingOrganizationFactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Classification history
- Sep 12, 2026Private equity with venture activity (probable, 75%, cls-1)registered adviser; venture funds are 33% of 10 private funds
- Sep 12, 2026Private equity with venture activity (probable, 75%, cls-1)registered adviser; venture funds are 33% of 12 private funds
Evidence
52 observations from 3 sources
Every observation behind this profile, with its source, date and class
| Fact | Value | Effective | Class | Source |
|---|---|---|---|---|
| Why admitted | vc_funds_reported | Mar 25, 2026 | Fact | SEC Form ADV monthly roster (registered + exempt reporting advisers) |
| SEC adviser type | registered_investment_adviser | Mar 25, 2026 | Fact | SEC Form ADV monthly roster (registered + exempt reporting advisers) |
| SEC adviser type | registered_investment_adviser | Mar 27, 2024 | Fact | SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B) |
| First Form ADV filing | 2021-06-29 | Mar 27, 2024 | Fact | SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B) |
| Adv history loaded | adv-hist-1 | Sep 12, 2026 | Fact | SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B) |
| Latest Form ADV filing | 2026-03-25 | Mar 25, 2026 | Fact | SEC Form ADV monthly roster (registered + exempt reporting advisers) |
| Latest Form ADV filing | 2024-03-27 | Mar 27, 2024 | Fact | SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B) |
| SEC status | Approved | Mar 25, 2026 | Fact | SEC Form ADV monthly roster (registered + exempt reporting advisers) |
| SEC status effective | 2021-07-29 | Mar 25, 2026 | Fact | SEC Form ADV monthly roster (registered + exempt reporting advisers) |
| Venture share of reported funds | 0 | Mar 27, 2024 | Fact | SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B) |
| Business phone | 650-229-8519 | Mar 25, 2026 | Fact | SEC Form ADV monthly roster (registered + exempt reporting advisers) |
| Business phone | (650) 294-8547 | Mar 27, 2024 | Fact | SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B) |
| Contact page url | https://www.sectionpartners.com/contact-us “contact page linked from the home page” | Sep 16, 2026 | Fact | Venture organization websites (about, team, portfolio, thesis, news pages) |
| Description | Section Partners is a growth-stage venture capital firm providing personal financing solutions to founders, executives and key shareholders of venture-backed technology companies. Our structured financing enables shareholders to secure personal capital for life events or option exercise while retaining future upside in their shares. We also make traditional primary and secondary investments. “meta description” | Sep 16, 2026 | Fact | Venture organization websites (about, team, portfolio, thesis, news pages) |
| Description | Section Partners is a growth-stage venture capital firm providing personal financing solutions to founders, executives and key shareholders of venture-backed technology companies. Our structured financing enables shareholders to secure personal capital for life events or option exercise while retaining future upside in their shares. We also make traditional primary and secondary investments. “meta description” | Sep 15, 2026 | Fact | Venture organization websites (about, team, portfolio, thesis, news pages) |
| Employees | 10 | Mar 25, 2026 | Fact | SEC Form ADV monthly roster (registered + exempt reporting advisers) |
| Employees | 10 | Mar 27, 2024 | Fact | SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B) |
| Headquarters | Palo Alto, CA | Mar 25, 2026 | Fact | SEC Form ADV monthly roster (registered + exempt reporting advisers) |
| Headquarters | Palo Alto, CA | Mar 27, 2024 | Fact | SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B) |
| Office address | 525 UNIVERSITY AVENUE, SUITE #24, Palo Alto, CA, 94301 | Mar 25, 2026 | Fact | SEC Form ADV monthly roster (registered + exempt reporting advisers) |
| Office address | 525 UNIVERSITY AVENUE, SUITE #24, Palo Alto, CA, 94301 | Mar 27, 2024 | Fact | SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B) |
| Self-described type | venture_capital “A growth stage venture firm standing by to help outstanding founders AND entrepreneurs” | Sep 16, 2026 | Fact | Venture organization websites (about, team, portfolio, thesis, news pages) |
| Self-described type | venture_capital “A growth stage venture firm standing by to help outstanding founders AND entrepreneurs” | Sep 15, 2026 | Fact | Venture organization websites (about, team, portfolio, thesis, news pages) |
| Legal form | Limited Liability Company | Mar 25, 2026 | Fact | SEC Form ADV monthly roster (registered + exempt reporting advisers) |
| Other funds reported | 7 | Mar 25, 2026 | Fact | SEC Form ADV monthly roster (registered + exempt reporting advisers) |
| Portfolio page | https://www.sectionpartners.com/portfolio “34 entries read” | Sep 16, 2026 | Fact | Venture organization websites (about, team, portfolio, thesis, news pages) |
| Portfolio page | https://www.sectionpartners.com/portfolio “34 entries read” | Sep 15, 2026 | Fact | Venture organization websites (about, team, portfolio, thesis, news pages) |
| Private funds reported | 10 | Mar 25, 2026 | Fact | SEC Form ADV monthly roster (registered + exempt reporting advisers) |
| Private funds reported | 12 | Mar 27, 2024 | Fact | SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B) |
| Private fund gross assets (reported) | $526M | Mar 25, 2026 | Fact | SEC Form ADV monthly roster (registered + exempt reporting advisers) |
| Private fund gross assets (reported) | $461M | Mar 27, 2024 | Fact | SEC 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) | $590M | Mar 25, 2026 | Fact | SEC Form ADV monthly roster (registered + exempt reporting advisers) |
| Regulatory AUM (adviser, not fund size) | $588M | Mar 27, 2024 | Fact | SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B) |
| Stated geography | uk “geography words on the home page” | Sep 16, 2026 | Fact | Venture organization websites (about, team, portfolio, thesis, news pages) |
| Stated geography | uk “geography words on the home page” | Sep 15, 2026 | Fact | Venture organization websites (about, team, portfolio, thesis, news pages) |
| Stated sectors | ai,enterprise_software,fintech,healthcare,marketplaces,hardware,crypto “sector words on the home page” | Sep 16, 2026 | Fact | Venture organization websites (about, team, portfolio, thesis, news pages) |
| Stated sectors | ai,enterprise_software,fintech,healthcare,marketplaces,hardware,crypto “sector words on the home page” | Sep 15, 2026 | Fact | Venture organization websites (about, team, portfolio, thesis, news pages) |
| Stated stages | growth “stage words on the home page” | Sep 16, 2026 | Fact | Venture organization websites (about, team, portfolio, thesis, news pages) |
| Stated stages | growth “stage words on the home page” | Sep 15, 2026 | Fact | Venture organization websites (about, team, portfolio, thesis, news pages) |
| Team page | https://www.sectionpartners.com/team “8 name/title pairs read” | Sep 16, 2026 | Fact | Venture organization websites (about, team, portfolio, thesis, news pages) |
| Team page | https://www.sectionpartners.com/team “8 name/title pairs read” | Sep 15, 2026 | Fact | Venture organization websites (about, team, portfolio, thesis, news pages) |
| Venture funds reported | 3 | Mar 25, 2026 | Fact | SEC Form ADV monthly roster (registered + exempt reporting advisers) |
| Venture funds reported | 4 | Mar 27, 2024 | Fact | SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B) |
| Website | HTTP://WWW.SECTIONPARTNERS.COM/ | Mar 27, 2024 | Fact | SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B) |
| Site title | Section Partners | Personal Financing for Founders, Executives & Shareholders of Venture-Backed Tech Companies | CA & NYC “title tag” | Sep 16, 2026 | Fact | Venture organization websites (about, team, portfolio, thesis, news pages) |
| Site title | Section Partners | Personal Financing for Founders, Executives & Shareholders of Venture-Backed Tech Companies | CA & NYC “title tag” | Sep 15, 2026 | Fact | Venture organization websites (about, team, portfolio, thesis, news pages) |