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| Polychain Capital LP
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| CRD # | 285022 |
| SEC # | 801-112665 |
| CIK # | |
| AUM | 2,901.3 M (2026-03-28) |
| Employees | 36 (39% Investors, 0% Brokers) |
| Fees | |
| Minimum | |
| Phone | 415-613-5108 |
| Address | See Schedule D San Francisco, CA 94105 |
| Source | [IAPD] [Website] [Twitter] |
| Total AUM ($B) |
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| In the News | |
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| Fri, 10 Jul 2026 | List of Investments by Polychain Capital (Jul, 2026) — Tracxn |
| Fees and Compensation — Form ADV Part 2A (3/28/2026) [Brochure] |
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ITEM 5: FEES AND COMPENSATION Item 5.A. Management Fees With respect to an Investor in Fund I and the Math Prophecy Fund, Polychain Capital and Polychain VC, respectively, will generally receive a monthly management fee on such Investor’s capital account. The management fee is calculated and paid monthly in advance, based on the value of each Investor’s capital account, as of the first day of the month. With respect to an Investor in each of the Dfinity Ecosystem Fund, Polkadot Ecosystem Fund, and Celo Ecosystem Fund, Polychain VC will generally receive a quarterly management fee of the aggregate capital commitments of the Investors during the applicable investment period, as defined in the Fund’s Governing Documents. With respect to an Investor in each of Polychain Ventures Fund and Polychain Ventures II Fund, Polychain VC will generally receive a quarterly management fee as defined in each Fund’s Governing Documents. After such period, the management fee is reduced as provide in the Funds’ Governing Documents. The management fee for each of these Funds is calculated and paid quarterly in advance, as of the first day of the calendar quarter. With respect to an Investor in each of the Opportunities Fund and Opportunities II Fund, Polychain VC will generally receive a quarterly management fee. The management fee is calculated and paid quarterly in advance as of the first day of the calendar quarter. With respect to an Investor in each of Polychain Ventures III Fund and Polychain Ventures IV Fund, Polychain VC II will generally receive a quarterly management fee as defined in the Fund’s Governing Documents. After such period, the management fee is reduced as provided in the Fund’s Governing Documents. The management fee is calculated and paid quarterly in advance, as of the first day of the calendar quarter. Polychain, in its sole discretion, may elect to reduce, otherwise modify, or waive the management fee with respect to any Investor. |
| Account Minimums and Types of Clients — Form ADV Part 2A (3/28/2026) [Brochure] |
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ITEM 7: TYPES OF CLIENTS As disclosed in Item 4.B., Polychain’s clients are privately offered pooled investment vehicles. Investors in the Funds generally are accredited investors under Rule 501 of Regulation D of the Securities Act of 1933, as amended, and are either qualified clients under Rule 205-3 of the Investment Advisers Act of 1940, as amended (the “Investment Advisers Act”) or qualified purchasers under Section 2(a)(51) of the Investment Company Act of 1940, as amended (the “Investment Company Act”) so as to comply with the exemption under Section 3(c)(1) or Section 3(c)(7), respectively, of the Investment Company Act. The minimum initial subscription amount required to invest in a Fund ranges from $1,000,000 to $5,000,000, and may be subject to waiver at the discretion of the respective Fund’s General Partner or Board. Additional subscription amounts required to invest in the Funds are detailed within each Fund’s Governing Documents. Polychain’s clients may also include special purpose vehicles which Polychain Ventures Fund, Polychain Ventures II Fund, Polychain Ventures III Fund, or Polychain Ventures IV Fund co-invests in along with Investors and third-party investors. |
| Type | Form D Funds | Date | Sold | AUM |
|---|---|---|---|---|
| PE | Polychain Ventures IV LP | [2024-03-28] | 84.6 M | 61.9 M |
| Offered $400,000,000 · Filed 2024-04-09 (D/A) · Exemption 506(b), 3(c), 3(c)(7) · Remaining $315,445,000 · Duration More than one year · Revenue Decline to Disclose | ||||
| PE | Polychain Ventures IV Parallel LP | [2024-03-28] | 18.9 M | 31.8 M |
| Offered $400,000,000 · Filed 2024-04-09 (D/A) · Exemption 506(b), 3(c), 3(c)(7) · Remaining $381,050,000 · Duration More than one year · Revenue Decline to Disclose | ||||
| PE | Polychain Opportunities Fund I LLC - Series CDCX II | [2023-03-30] | 14.9 M | |
| Filed 2022-02-10 (D) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration One year or less · Net Assets Decline to Disclose | ||||
| PE | Polychain Opportunities Fund I LLC - Series CDCX | [2022-03-31] | 34.7 M | 47.3 M |
| Filed 2023-09-12 (D/A) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration One year or less · Net Assets Decline to Disclose | ||||
| PE | Polychain Ventures III LP | [2022-03-31] | 479.4 M | |
| Filed 2021-12-23 (D) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration More than one year · Revenue Decline to Disclose | ||||
| PE | Polychain Ventures III Parallel LP | [2022-03-31] | 255.1 M | |
| Filed 2021-12-23 (D) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration More than one year · Revenue Decline to Disclose | ||||
| PE | CELO Ecosystem Fund LP | [2021-03-31] | 7.0 M | 25.5 M |
| Filed 2021-05-26 (D/A) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration More than one year · Net Assets Decline to Disclose | ||||
| PE | Polychain Ventures II LP | [2021-03-31] | 204.1 M | 221.5 M |
| Filed 2021-04-14 (D/A) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration More than one year · Revenue Decline to Disclose | ||||
| PE | Polychain Ventures II Parallel LP | [2021-03-31] | 81.7 M | 96.3 M |
| Filed 2021-04-14 (D/A) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration More than one year · Revenue Decline to Disclose | ||||
| PE | Polkadot Ecosystem Fund LP | [2020-03-30] | 7.0 M | 4.5 M |
| Filed 2019-10-10 (D/A) · Exemption 506(b), 3(c), 3(c)(7) · Remaining Indefinite · Duration More than one year · Revenue Decline to Disclose | ||||
| View All | ||||
| AUM Breakdown | Accounts | AUM ($B) |
|---|---|---|
| By Client Type | ||
| (a) Individuals (other than high net worth individuals) | 0 | 0.0 |
| (b) Individuals (high net worth individuals) | 0 | 0.0 |
| (c) Banking or thrift institutions | 0 | 0.0 |
| (d) Investment companies | 0 | 0.0 |
| (e) Business development companies | 0 | 0.0 |
| (f) Pooled investment vehicles | 19 | 2.9 |
| (g) Pension and profit sharing plans | 0 | 0.0 |
| (h) Charitable organizations | 0 | 0.0 |
| (i) State or municipal government entities | 0 | 0.0 |
| (j) Other investment advisers | 0 | 0.0 |
| (k) Insurance companies | 0 | 0.0 |
| (l) Sovereign wealth funds and foreign official institutions | 0 | 0.0 |
| (m) Corporations or other businesses not listed above | 0 | 0.0 |
| (n) Other | 0 | 0.0 |
| Total | 19 | 2.9 |
| By Discretionary | ||
| Discretionary | 19 | 2.9 |
| Non-Discretionary | 0 | 0.0 |
| Total | 19 | 2.9 |
| By Non-United States Persons | ||
| Non-United States Persons | 0.7 | |
| United States Persons | 2.2 | |
| Total | 19 | 2.9 |
| Form D Directors | Role | # Filings | # Firms | 2011 - 2026 |
|---|---|---|---|---|
| John D'Agostino | Director | 121 | 29 | |
| Paras Malde | Director | 77 | 26 | |
| Olaf Carlson-Wee | Director, Executive Officer | 24 | 2 | |
| Polychain VC LP | Executive Officer | 16 | 2 | |
| Polychain Venture Partners LLC | Executive Officer | 5 | 2 | |
| Polychain Capital LP | Executive Officer | 4 | 2 | |
| Polychain Capital LLC | Executive Officer | 2 | 2 | |
| Polychain Partners LLC | Executive Officer | 5 | 1 | |
| Polychain Opportunity Partners LLC | Executive Officer | 3 | 1 | |
| Polychain Venture Partners IV LLC | Executive Officer | 2 | 1 | |
| View All | ||||
| Firm Profile (Form ADV) | |
|---|---|
| Serves | Institutional |
| Fund Types | Hedge Fund, Private Equity |
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