DFX Intelligence
Sanderling V Strategic Exit Fund, L.P.
Fundmanaged by Sanderling Management Company, LLC
As of · the latest observation of this vehicle; each figure below carries its own filing date
UnknownFundraising status unknownADV: Venture Capital Fund
As of · the latest observation of this vehicle; each figure below carries its own filing date
2 additional placement agents, 1 event
Every relationship, signal and contact on this record, with the source on each.
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What matters now
- -71%reported GAV
Reported gross assets fell from $10.6M to $3.11M between the Form ADV filings of 30 Mar 2024 and 31 Mar 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
- unknownno dated first sale or first report yet
- 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
- unknownwhat may be sold, not what was raised
- Form D sold
- unknown
- First sale
- unknown
- Reported GAV
- $3.1Mon the Form ADV filed Mar 31, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 11
- Reported on ADV
- Mar 30, 2012 to Mar 31, 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
no Form D or close on record (fr-1)
LifecycleUnknown
no vintage and no recent Form D
first sale: n/avintage year: n/aadv gav as of: Mar 31, 2026vintage basis: n/aform d sold: n/aform d offering: n/aform d latest filed at: n/a
The fund's own reporting through time
17 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 30, 2012 | Venture Capital Fund | $40.9M | 10 | $1 | 0% | yes | |
| Oct 25, 2012 | Venture Capital Fund | $40.9M | 10 | $1 | 0% | yes | |
| Mar 27, 2013 | Venture Capital Fund | $38.1M | 10 | $1 | 0% | yes | |
| Mar 28, 2014 | Venture Capital Fund | $49.3M | 10 | $1 | 0% | yes | |
| Mar 26, 2015 | Venture Capital Fund | $71.4M | 10 | $1 | 0% | yes | |
| Mar 21, 2016 | Venture Capital Fund | $33.4M | 10 | $1 | 0% | yes | |
| Mar 21, 2017 | Venture Capital Fund | $28.9M | 10 | $1 | 0% | yes | |
| Jan 29, 2018 | Venture Capital Fund | $28.9M | 10 | $1 | 0% | yes | |
| Feb 5, 2018 | Venture Capital Fund | $28.9M | 10 | $1 | 0% | yes | |
| Apr 2, 2018 | Venture Capital Fund | $23.2M | 10 | $1 | 0% | yes | |
| Mar 28, 2019 | Venture Capital Fund | $20.5M | 10 | $1 | 0% | yes | |
| Apr 29, 2020 | Venture Capital Fund | $12.7M | 10 | $1 | 0% | yes | |
| Mar 31, 2021 | Venture Capital Fund | $15.6M | 10 | $1 | 0% | yes | |
| Apr 4, 2022 | Venture Capital Fund | $16.9M | 11 | $1 | 0% | yes | |
| Apr 3, 2023 | Venture Capital Fund | $12.3M | 11 | $1 | 0% | yes | |
| Mar 30, 2024 | Venture Capital Fund | $10.6M | 11 | $1 | 0% | yes | |
| Mar 31, 2026 | Venture Capital Fund | $3.1M | 11 | $1 | 0% |
Principals and agents
0 principals on Form D, 0 placement agents
No Form D related person on record.
Service providers
5 named on Form ADV Schedule D and Form D
- AuditorBaker Tilly · SAN FRANCISCO, California, United StatesForm ADV filed Mar 31, 2026 reports.adviserinfo.sec.gov
- AdministratorApex Group · BURLINGAME, California, United StatesForm ADV filed Mar 31, 2026 reports.adviserinfo.sec.gov
- CustodianWestern Alliance / Bridge Bank · SAN JOSE, California, United StatesForm ADV filed Mar 31, 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
6 events
- Mar 31, 2026Administrator changed: Apex Group replaced GREENOUGH CONSULTING GROUP, first reported on the Form ADV filed March 31, 2026 (previous filing April 2, 2025)Administrator changed Fact Form ADV
- Mar 31, 2026Auditor changed: Baker Tilly replaced Moss Adams, first reported on the Form ADV filed March 31, 2026 (previous filing April 2, 2025)Auditor changed Fact Form ADV
- Apr 4, 2022Auditor changed: Moss Adams replaced KPMG, first reported on the Form ADV filed April 4, 2022 (previous filing March 31, 2021)Auditor changed Fact Form ADV
- Apr 29, 2020Administrator changed: GREENOUGH CONSULTING GROUP replaced HC GLOBAL FUND SERVICES, LLC, first reported on the Form ADV filed April 29, 2020 (previous filing March 28, 2019)Administrator changed Fact Form ADV
- Mar 28, 2014Auditor changed: ROTHSTEIN KASS replaced PwC, first reported on the Form ADV filed March 28, 2014 (previous filing March 27, 2013)Auditor changed Fact Form ADV
Evidence
0 observations
Every observation on this vehicle
Relationships across DFX
on 1 other DFX graph
Across the graphs
Sanderling V Strategic Exit Fund, L.P. is the same institution as 1 record in RIA and Wealth.
RIA and Wealth1
The joined record opens with the product, beside every other relationship on this page.
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