Lightspeed Faction Fund I, LP
Private Equity FundFund ID 805-5221166603Cayman Islands
Gross assets
$356M
Min. investment
$1M
Beneficial owners
100
Size rank
Top 22%
Audited
Yes
Structure
Master
About this fund
Lightspeed Faction Fund I, LP is a private equity fund managed by Faction Ventures, LLC. The fund reports $356 million in gross assets, placing it among the top 22% of private funds by size. The stated minimum investment is $1 million. Its financial statements are audited annually. Private funds are not required to publicly disclose returns; Form ADV reports assets, structure, and service providers, shown above.
Fund details
| Fund ID | 805-5221166603 |
| Fund type | Private Equity Fund |
| 3(c)(1) exclusion | No |
| 3(c)(7) exclusion | Yes |
| Master fund | Yes |
| Feeder fund | No |
| Fund of funds | No |
| Relies on exemption from registration | Yes |
| Annual audit | Yes |
| Prepared per GAAP | Yes |
| Sub-advised | No |
| % of assets independently valued | 0% |
Other funds from this manager
| Fund | Type | Gross assets |
|---|---|---|
| Figure Technology Solutions, a Series of Cgf2021 LLC | Private Equity | $12.9M |
| Faction Wm, a Series of Cgf2021 LLC | Private Equity | $4.7M |
| Faction Internet Bond I, a Series of Cgf2021 LLC | Private Equity | $2M |
Frequently asked questions
How large is Lightspeed Faction Fund I, LP?
Lightspeed Faction Fund I, LP reports $356 million in gross assets, among the top 22% of private funds by size.
What is the minimum investment for Lightspeed Faction Fund I, LP?
The stated minimum investment is $1 million.
Who manages Lightspeed Faction Fund I, LP?
Lightspeed Faction Fund I, LP is managed by Faction Ventures, LLC.
Does Lightspeed Faction Fund I, LP disclose returns?
No. Private funds are not required to publicly disclose performance. Form ADV reports assets, structure, and service providers.
Manager
F
Palo Alto, CA
Service providers
Prime broker
None reported
Custodian
Administrator
Auditor
Reported gross assets
$356M▲ 8%
Mar '25Form ADV, monthlyJun '26
How this fund compares
Gross assetsTop 22%
Larger than 78% of 67,041 private funds
Gross assets vs Private Equity FundsTop 18%
Larger than 82% of 31,066 private equity funds
Minimum investmentTop 33%
Higher than 67% of funds reporting a minimum
Investor base
Adviser & related persons4%
Funds of funds38%
Non-U.S. persons43%
Share of the fund's beneficial ownership reported on Form ADV. Categories can overlap.