DFX Intelligence
SP Hypernova, LLC
As of · the latest observation of this vehicle; each figure below carries its own filing date
MatureFundraising status unknownADV: Venture Capital Fund
As of · the latest observation of this vehicle; each figure below carries its own filing date
What matters now
- +315%reported GAV
Reported gross assets rose from $49.5M to $205M between the Form ADV filings of 10 Jul 2024 and 10 Jul 2026.
The fund's assets as the adviser swears them, never its size or dry powder.
Drawing the relationship network…
Amounts, each with its basis
- Vintage
- 2021basis: form d first sale
- Target
- unknownnot announced
- First close
- unknownnever inferred from a Form D
- Final close
- unknownonly from an announcement or an LP disclosure
- Announced size
- unknown
- Form D offering
- indefinitewhat may be sold, not what was raised; file 021-391388, sworn by the adviser or filed under this vehicle
- Form D sold
- $19.1Mas of the filing of Mar 5, 2021, 58 investors
- First sale
- Feb 17, 2021
- Reported GAV
- $205Mon the Form ADV filed Jul 10, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 60
- Reported on ADV
- Mar 26, 2021 to Jul 10, 2026
Fundraising evidenceWhat counts as raisingA Form D offering is permission to sell, not a fund in market; an amount sold is never a close; an evergreen offering amended every year is not a raise.
Unknown
latest Form D 2021-03-05, older than 15 months (fr-1)
evidence dated Mar 5, 2021.
LifecycleMature
vintage 4 to 7 years
age years: 5first sale: Feb 17, 2021vintage year: 2021adv gav as of: Jul 10, 2026vintage basis: Form d first saleform d sold: $19.1Mform d offering: n/aform d latest filed at: Mar 5, 2021
The fund's own reporting through time
11 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 26, 2021 | Private Equity Fund | $0 | 0 | 0% | no | ||
| Jun 24, 2021 | Venture Capital Fund | $22.6M | 59 | 0% | yes | ||
| Jan 19, 2022 | Venture Capital Fund | $22.6M | 59 | 0% | yes | ||
| Mar 28, 2022 | Venture Capital Fund | $29.8M | 59 | 0% | yes | ||
| Sep 20, 2022 | Venture Capital Fund | $29.8M | 59 | 0% | yes | ||
| Mar 30, 2023 | Venture Capital Fund | $39.9M | 59 | 0% | yes | ||
| Jul 10, 2023 | Venture Capital Fund | $39.9M | 59 | 0% | yes | ||
| Sep 6, 2023 | Venture Capital Fund | $39.9M | 59 | 0% | yes | ||
| Mar 27, 2024 | Venture Capital Fund | $49.5M | 59 | 0% | yes | ||
| Jul 10, 2024 | Venture Capital Fund | $49.5M | 59 | 0% | yes | ||
| Jul 10, 2026 | Venture Capital Fund | $205M | 60 | 0% |
Principals and agents
3 principals on Form D, 0 placement agents
- Apurva Mehta Executive Officer
- Patrick O'Connor Executive Officer
- SPWi Whitney Manager, LLC Executive Officer
Service providers
3 named on Form ADV Schedule D and Form D
- AuditorFrank, Rimerman + Co. · PALO ALTO, California, United StatesForm ADV filed Jul 10, 2026 reports.adviserinfo.sec.gov
- AdministratorADURO ADVISORS, LLC · SEATTLE, Washington, United StatesForm ADV filed Jul 10, 2026 reports.adviserinfo.sec.gov
- CustodianSUSSER BANK · DALLAS, Texas, United StatesForm ADV filed Jul 10, 2026 reports.adviserinfo.sec.gov
Limited partners and their reported performanceWhose numbers these areEach row is the LP’s own number: its cash flows and its valuation policy as of its reporting date, not the fund’s. Net IRR is printed only when the LP prints one. The vintage is the LP’s definition (CalPERS: year of its first cash flow; WSIB: year of its initial investment).
0 public LP reports
No public LP has reported this vehicle. The LP tape is read from public pension disclosures (see Limited partners); a fund appears here only when an LP’s report names it.
Known LPs and allocatorsWhat these amounts and dates areA commitment date prints only when the source printed one; otherwise the row carries the date of the report that listed it. A foundation’s 990-PF line is a holding at fair value on its return, never a commitment.
0 relationships, public pensions and the allocator graph, each counted once
No allocator names this vehicle in a public disclosure DFX holds: pension reports, foundation 990-PF returns or endowment disclosures.
Investments attributed to this vehicle
0
No investment attributed to this vehicle. The firm’s investments sit on the firm; a fund gets one only when a source names the vehicle.
Timeline
5 events
- Mar 27, 2024Administrator changed: ADURO ADVISORS, LLC replaced Standish Management, first reported on the Form ADV filed March 27, 2024 (previous filing September 6, 2023)Administrator changed Fact Form ADV
- Mar 27, 2024Custodian changed: SUSSER BANK replaced First Citizens Bank, first reported on the Form ADV filed March 27, 2024 (previous filing September 6, 2023)Custodian changed Fact Form ADV
- Mar 30, 2023Auditor changed: Frank, Rimerman + Co. replaced WIPFLI LLP, first reported on the Form ADV filed March 30, 2023 (previous filing September 20, 2022)Auditor changed Fact Form ADV
- Mar 26, 2021SP Hypernova, LLC first reported on Form ADV by Summit Peak Investments, LLC (Private Equity Fund)Fund first reported on Form ADV Fact Form ADV
- Mar 5, 2021SP Hypernova, LLC filed Form D: $19,148,500 sold (indefinite offering), Other Investment FundForm D filed Fact Form D
Evidence
15 observations
Every observation on this vehicle
- Entity type: Limited Liability Company Mar 5, 2021 Fact Form D
- Form D fund type: Other Investment Fund Mar 5, 2021 Fact Form D
- Form D industry group: Pooled Investment Fund Mar 5, 2021 Fact Form D
- Amendment: false Mar 5, 2021 Fact Form D
- Incorporated: withinFiveYears Mar 5, 2021 Fact Form D
- Jurisdiction: Delaware Mar 5, 2021 Fact Form D
- Amount sold (Form D): $19.1M Mar 5, 2021 Fact Form D
- Exemptions: 06b, 3C.1 Mar 5, 2021 Fact Form D
- First sale: 2021-02-17 Mar 5, 2021 Fact Form D
- Indefinite offering: true Mar 5, 2021 Fact Form D
- Investors (Form D): 58 Mar 5, 2021 Fact Form D
- Minimum investment (Form D): 0 Mar 5, 2021 Fact Form D
- Securities offered: Equity, pooled Mar 5, 2021 Fact Form D
- Office address: Mar 5, 2021 Fact Form D
- Year of incorporation: 2021 Mar 5, 2021 Fact Form D
Relationships across DFX
on 2 other DFX graphs
Across the graphs
SP Hypernova, LLC is the same institution as 2 records in Private Equity and RIA and Wealth.
Private Equity1RIA and Wealth1
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.
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Record history
2 dated events on the change ledger, latest event first
- Fund first reported on ADV2021-03-26source on record
- Form D filed2021-03-05source 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.