Sponsor Check › Sponsor group
One sponsor team, 2 deal companies · Chicago, IL
Grouped because: 2 shared people, 1 shared management entity (automatic match from the filings) · not the same sponsor?
Data last updated Oct 23, 2026, 5:45 PM ET · Latest filing in this group Jul 14, 2017 · Courts (RECAP) last checked: Oct 24, 2026, 2:16 AM ET · SEC enforcement last checked: covered by the index scan as of Oct 24, 2026, 2:50 AM ET
Discovery is a sponsor group of 2 issuers that PartnerFacts links to one sponsor (shared people, shared principal (person on 60+ issuers) at the same address or management entity, shared management entity; automatic match from the filings), filing 17 Form D filings between Mar 2009 and Jul 2017.
What this means One team, 2 deal companies, about 8 years of track record in SEC filings. We link the companies because the same people or address appear on their forms — tap "Request a correction" if that is wrong.
Combined reported sold: $306.1M to 121 investors (latest filing per issuer). Industries as reported: Pooled Investment Fund (2). Issuers are based in IL (1), Cayman Islands (as filed: E9) (1).
What this means $306.1M raised across the group, about $2.53M per investor. Amounts come from each company's latest Form D; they are what the sponsor reported, not audited figures.
Principal people: Daniel J. Donoghue (2 issuers, executive officer and director), Discovery Group I, LLC (2 issuers, executive officer, entity) and Michael R. Murphy (2 issuers, executive officer and director).
What this means The person on the most companies is usually the one running the show; their page lists every deal.
Activity: 0 new offerings in the last 12 months; latest filing Jul 14, 2017.
What this means No new raise filed in the past year.
Public records searched: federal courts (CourtListener / RECAP), SEC enforcement releases, state securities regulators (AK, AL, AR, AZ, CA, CT, DE, FINRA, GA, HI, ID, IL, KS, KY, LA, MA, MD, ME, MI, MO, MS, MT, NASAA, NC, ND, NH, NM, NV, OK, OR, PA, RI, SC, SD, TN, TX, VT, WA, WI, WV, WY), property records (NYC, FL, IL and TX counties) — 16 court cases matching the name, 2 bankruptcy cases matching the name listed in Key records below.
What this means 18 records came back, including 1 court case still open — open cases can take years and cost money. Each one is listed below with a link to the original document and a line saying why it matched. A name match is not proof it is the same person or company — read the why line and the document. Being sued or named in a release is an accusation, not a finding.
We compared 17 public filings for Discovery and found 14 differences, 4 worth asking the sponsor about: Bankruptcy case: Arise Research and Discovery Inc; Amount sold went down between filings; and more below.
What this means These are differences between the sponsor's own SEC filings — both values, dates and sources are listed in Key records, section 4. Most have ordinary explanations; ask the sponsor.
Community search for Discovery has not run yet — it is joining a line of 28,393 names; searches run around the clock at the hosts' allowed rate. Searched so far: 638 names.
Community comments are quoted as written by their authors. Sources searched: BiggerPockets forums (via DuckDuckGo, Brave, Bing and BiggerPockets search) and Reddit (search feed + public archive).
Five things investors ask first. Items still in human review are counted, not shown.
16 cases: 1 open, 14 closed (disposition not in docket feed), 1 judgment
850 Securities/Commodities· Cause:
15:77 Securities Fraud
850 Securities/Commodities· Cause:
15:77 Securities Fraud
850 Securities/Commodities· Cause:
15:78m(a) Securities Exchange Act
850 Securities/Commodities· Cause:
15:78m(a) Securities Exchange Act
850 Other Statutes: Securities/Commodities· Cause:
12:22 Securities Fraud
850 Securities/Commodities· Cause:
15:78m(a) Securities Exchange Act
850 Securities/Commodities· Cause:
15:78m(a) Securities Exchange Act
850 Securities/Commodities· Cause:
15:78m(a) Securities Exchange Act
190 Other contract actions
Sources searched: CourtListener bulk data (RECAP dockets as of 2026-09-30; recall-first rule 10-24) — federal district + bankruptcy courts State courts: not covered (one-tap state court links under Look further). PACER: not searched. · Last checked Oct 24, 2026, 2:16 AM ET.
Court records show docket facts only; we never restate allegations as facts. Outcome wording comes from the docket feed; where it does not state a disposition we say so.
State courts: not covered (one-tap state court links under Look further). No state offers a lawful automated statewide source PartnerFacts can use today. Texas (re:SearchTX) terms prohibit storing results in a database open to third parties; New York (WebCivil) and Massachusetts (MassCourts) require a browser check that blocks scripted queries; California has no statewide index (58 county portals; Rule of Court 2.503 grants name-based access case by case); Florida, Utah and Illinois offer paid or partial access whose terms for automated use are unverified. Washington (dw.courts.wa.gov; bulk index reports under a JISC data-dissemination agreement), Delaware (CourtConnect; Court of Chancery not included) and Arizona (apps.azcourts.gov/publicaccess, which has an official channel to request high-volume access) are the candidates; PartnerFacts will request written permission before any automated search. Federal courts are searched through CourtListener / RECAP.
None found in sources searched — SEC enforcement releases (index scan as of Oct 24, 2026, 2:50 AM ET) · state securities regulators: VA (crawled Oct 23, 2026)
SEC enforcement searched: SEC litigation releases and administrative proceedings — respondent names in the sec.gov index titles (30,205 releases, 1995-09-19 to 2026-10-23); release text is read only to confirm a candidate. Names that appear only in the body of a release are not found. — Searched SEC litigation releases and administrative proceedings (1995→ / 2007→) (30,205 records as of Oct 24, 2026, 2:50 AM ET) — nothing matched Discovery..
State securities regulators: Securities regulators searched (3,318 actions): AZ Corporation Commission Securities Division (411 actions, 2017–2026), CA DFPI (25 actions, 2007–2024; listing starts 2002 — 16 of 12,159 DFPI respondent pages read so far; sponsor-name matches are read first), DE DOJ Investor Protection Unit (257 actions, 1987–2026), TX State Securities Board (586 actions, 2006–2026), WA DFI (2,039 actions, 2001–2026) — last crawled Oct 23, 2026, 9:57 PM ET. No machine-readable public listing today for CO, FL, IA, IN, MN, NE, NJ, NY, OH, UT, VA (see docs/state-regulators.md).
2 cases: 2 closed (disposition not in docket feed)
Sources searched: Federal bankruptcy courts via CourtListener / RECAP archive (federal district courts, federal bankruptcy courts). State courts: not covered (one-tap state court links under Look further). PACER: not searched (RECAP only). · Last checked Oct 24, 2026, 2:16 AM ET.
Court records show docket facts only; we never restate allegations as facts. Outcome wording comes from the docket feed; where it does not state a disposition we say so.
State courts: not covered (one-tap state court links under Look further). No state offers a lawful automated statewide source PartnerFacts can use today. Texas (re:SearchTX) terms prohibit storing results in a database open to third parties; New York (WebCivil) and Massachusetts (MassCourts) require a browser check that blocks scripted queries; California has no statewide index (58 county portals; Rule of Court 2.503 grants name-based access case by case); Florida, Utah and Illinois offer paid or partial access whose terms for automated use are unverified. Washington (dw.courts.wa.gov; bulk index reports under a JISC data-dissemination agreement), Delaware (CourtConnect; Court of Chancery not included) and Arizona (apps.azcourts.gov/publicaccess, which has an official channel to request high-volume access) are the candidates; PartnerFacts will request written permission before any automated search. Federal courts are searched through CourtListener / RECAP.
No comparisons published
No public statement by this sponsor group has been collected yet, so there is nothing to compare. Sources compared: the sponsor's own website (known from the issuer's own filings — Form C issuer website, EDGAR company profile — an approved profile claim or Form ADV Item 1.I of its matched adviser) · SEC Form D · SEC Form ADV (IAPD) · Internet Archive · No website is on file for this sponsor group yet.
14 differences found between the filings for Discovery — 4 worth asking about (compared 17 filings on Oct 24, 2026)
United States Bankruptcy Court, S.D. Illinois docket "Arise Research and Discovery Inc" filed Jan 17, 2011, closed Dec 27, 2011. Discovery is listed as Debtor ("Discovery Inc"). Our match estimate: 60%.
What this means A bankruptcy filing was found. Many are old or personal and have nothing to do with the deal — but ask what it was and when it closed.
The Feb 10, 2012 filing says $223,414,000 sold; the Feb 11, 2013 Form D/A says $137,389,345 sold — $86,024,655 less.
What this means Amounts sold normally only go up as a raise continues. A drop can mean investors were refunded, a figure was corrected, or an earlier number was wrong. Ask the sponsor which it was.
The Feb 10, 2012 filing reports 104 investors; the Feb 11, 2013 Form D/A reports 93 investors.
What this means Investor counts normally only grow. A smaller number can mean investors left or were refunded, or a count was corrected. Ask the sponsor what happened.
The address on file, Maples Corporate Services Limited, Ugland House, South Church Street, George Town, Grand Cayman, Cayman Islands (as filed: E9), is used by 48 issuers in our index across 15 sponsor groups; 47 are outside this group. It is on our registered-agent / shared-office list (registered agent / corporate services / fund administrator).
What this means Many unrelated companies file from this address. Often a registered agent or a fund administrator; sometimes a shared office. Ask where the team actually works.
The filing says the first sale was Jun 1, 2010. The Form D was filed Jul 21, 2010 — 50 days later. The rule: a Form D is generally due within 15 days after the first sale, so this one is 35 days past that.
What this means A late notice is common and carries no penalty by itself. It is worth asking the sponsor why the paperwork lagged.
The latest filing for this offering is dated Jul 14, 2017 (first sale Jun 1, 2010). It reports $109,514,130 sold of an indefinite amount offered. No later amendment is in our index as of Oct 24, 2026.
What this means SEC rules expect a yearly amendment while an offering is still going. The raise may simply have ended — a Form D does not say when it closed. Ask the sponsor whether the offering closed, when, and at what amount.
The latest filing for this offering is dated Jul 14, 2017 (first sale Jul 1, 2002). It reports $196,624,845 sold of an indefinite amount offered. No later amendment is in our index as of Oct 24, 2026.
What this means SEC rules expect a yearly amendment while an offering is still going. The raise may simply have ended — a Form D does not say when it closed. Ask the sponsor whether the offering closed, when, and at what amount.
The Jul 15, 2015 filing lists Discovery Group I, LLC as promoter; the Jul 15, 2016 Form D/A lists executive officer.
What this means Roles on Form D are self-reported by the issuer. A change can mean a real change in who runs the company, or just a different box ticked. Ask who makes decisions today.
CIK 894736 (first filed Mar 11, 2009, Chicago, IL); CIK 1497112 (first filed Jul 21, 2010, George Town, Grand Cayman, Cayman Islands (as filed: E9)).
What this means Two legal entities with one name can make it unclear which one you invested in. Match the CIK and the SEC file number on your documents, not just the name.
The latest filing lists Maples Corporate Services Limited, Ugland House, South Church Street, George Town, Grand Cayman, Cayman Islands (as filed: E9). That address is used by 685 issuers in our index (registered agent / corporate services / fund administrator).
What this means Many small companies use a registered agent's address — it is legal and common. It means the Form D address is not where the team works. Ask where the business operates and who runs it day to day.
The latest filing lists 300 South Wacker Drive, Suite 600, Chicago, IL. That address is used by 11 issuers in our index (11 issuers in 7 unrelated clusters).
What this means Many small companies use a registered agent's address — it is legal and common. It means the Form D address is not where the team works. Ask where the business operates and who runs it day to day.
Cayman Islands (1), Illinois (1) — out of 2 member issuers. The odd ones out: Discovery Equity Partners LP (Illinois).
What this means Sponsors often form each deal company in Delaware or Wyoming no matter where the property is. A mix is common; it just tells you which state's rules each company lives under.
Cayman Islands (as filed: E9) (1), IL (1). 2 members use a registered-agent or shared-office address: Discovery Equity Partners Ltd. (Maples Corporate Services Limited, Ugland House, South Church Street, George Town, Grand Cayman, Cayman Islands (as filed: E9)); Discovery Equity Partners LP (300 South Wacker Drive, Suite 600, Chicago, IL).
What this means A registered agent's address is a mailbox, not where the team works. The other address is more likely the real office — ask which one is.
SEC records list prior names for this filer: Discovery Equity Partners L P/IL; DISCOVERY PARTNERS LP. The current name on file is "Discovery Equity Partners LP".
What this means A name change is normal, but your documents may show the old name. Match the CIK, not just the name.
What is compared: every Form D and D/A we hold for this subject, side by side — filing dates vs. first-sale dates (the 15-day rule), amendment timing on open offerings (the yearly-amendment expectation), amounts sold, investor counts, offering amounts and minimums across amendments, industry and size bands, addresses, how each person's name and role is written, paid sellers' CRD numbers, and (for groups) where the member companies were formed and sit. Everything is as filed by the issuer; the SEC does not check it. Differences are common and usually have ordinary explanations — we show both values, the dates, and the source so you can ask. As of Oct 24, 2026.
None reported on 2 offerings — no sales commissions, finder's fees or proceeds to insiders
| Offering (latest filing) | Sales commissions | Finder's fees | To insiders | Paid to sell it | Source |
|---|---|---|---|---|---|
| Jul 14, 2017 D/A Discovery Equity Partners LP File 021-89473-6N | $0 | $0 | $0 | None listed on this filing | EDGAR ↗ |
| Jul 14, 2017 D/A Discovery Equity Partners Ltd. File 021-145306 | $0 | $0 | $0 | None listed on this filing | EDGAR ↗ |
Counts come from Form D Items 12–15 on the filings in our index (latest filing per offering; one offering = one SEC file number; an amendment updates its offering rather than adding one). "To insiders" = gross proceeds used for payments to executive officers, directors or promoters. "—" = not reported on that filing. Amounts marked (est.) were reported as estimates. "Paid to sell it" = sales compensation recipients named on that filing (Item 12), each linked to FINRA BrokerCheck when a CRD number is reported.
Counted across all 2 issuers in this group — every filing in our index, latest filing per offering (SEC file number).
0 recorded documents and 0 ownership records matched to Discovery in the sources searched.
Not found in sources searched as of Oct 24, 2026, 7:49 AM ET: Hillsborough County FL Clerk of Court Official Records daily index (publicrec.hillsclerk.com D/P/M files), 2 daily files (Oct 14, 2026 to Oct 15, 2026) — loaded Oct 23, 2026, 8:59 PM ET; Harris County TX (HCAD ownership rolls 2008–2026) — 938,779 records, loaded Oct 24, 2026, 7:49 AM ET; Dallas County TX (DCAD ownership roll 2026) — 173,688 records, loaded Oct 23, 2026, 8:58 PM ET; Hillsborough County FL (FL DOR 2026 ownership roll + Clerk recorded-document index Oct 14, 2026 to Oct 15, 2026), Miami-Dade County FL (FL DOR 2026 ownership roll) — 294,950 records, loaded Oct 23, 2026, 8:58 PM ET. Still to be looked up for this group: NYC ACRIS via NYC Open Data (Real Property Parties 636b-3b5g, Master bnx9-e6tj, Legals 8h5j-fqxa, Document Control Codes 7isb-wh4c) · NYC PLUTO ownership via NYC Open Data (64uk-42ks) · Cook County IL Assessor via Cook County Open Data (Parcel Sales wvhk-k5uv; Parcel Addresses 3723-97qp). Records in other counties, and recorder indexes we do not yet cover, were not searched.
Property records coverage: New York City (ACRIS recorded documents and PLUTO ownership, looked up per issuer when its page is viewed; re-checked when the page is viewed again more than 30 days after the last check); Harris County TX (ownership only, no deed, mortgage or sale records; HCAD ownership rolls 2008–2026); Dallas County TX (ownership only, no deed, mortgage or sale records; DCAD ownership roll 2026); Hillsborough County FL (FL DOR 2026 ownership roll + Clerk recorded-document index Oct 14, 2026 to Oct 15, 2026), Miami-Dade County FL (FL DOR 2026 ownership roll); Cook County IL (assessor ownership and deed/sale records, looked up per issuer when its page is viewed). Recorder indexes (party names on deeds, mortgages and liens) in TX, AZ, NV, CA and WA counties and outside the Clerk index in FL, mortgages and liens outside NYC and Hillsborough County, lis pendens and foreclosure notices everywhere, Los Angeles County CA, Clark County NV, King County WA (loader ready; first load not finished), Cook County IL bulk pass (not finished; per-issuer lookups only so far), New York City bulk pass (not finished; per-issuer lookups only so far), Maricopa County AZ (loader ready; commercial-purpose statement not yet filed), Salt Lake County UT, and all other counties are not covered — not searched. Last refresh by source: Harris County Appraisal District real_acct.txt Oct 24, 2026, 7:49 AM ET; Hillsborough County FL Clerk daily index Oct 23, 2026, 8:59 PM ET; Dallas Central Appraisal District ACCOUNT_INFO.CSV Oct 23, 2026, 8:58 PM ET; Florida DOR NAL roll (Dade 23) Oct 23, 2026, 8:58 PM ET; Florida DOR NAL roll (Hillsborough 39) Oct 23, 2026, 8:54 PM ET. NYC and Cook County are also looked up per issuer when its page is viewed; the most recent such lookup on this site finished Oct 24, 2026, 3:30 AM ET. Parties are named as the recorder's index names them (role suffixes as recorded); no address, account number or trust date is shown for an individual, and individual owners of record (home ownership) are not matched or shown. Items still in human review are not shown.
Why each issuer is here is stated in the "Linked by" column. Low-confidence links are never shown — they wait for human review.
| Source | Issuer | Linked by | Location | Industry | Filings | Sold (max) | Investors | Min. investment (latest filing) | Active |
|---|---|---|---|---|---|---|---|---|---|
| EDGAR ↗ | DE Discovery Equity Partners LP | shared people, shared principal (person on 60+ issuers) at the same address or management entity, shared management entity | Chicago, IL | Pooled Investment Fund | 9 | $223,414,000 offering Indefinite · similar: $155,000–$5,250,000 | 106 similar: 4–27 | $1,000,000 similar: $1,000–$100,000 | 2009–2017 |
| EDGAR ↗ | DE Discovery Equity Partners Ltd. | shared people, shared principal (person on 60+ issuers) at the same address or management entity, shared management entity | George Town, Grand Cayman, Cayman Islands (as filed: E9) | Pooled Investment Fund | 8 | $109,514,130 offering Indefinite · similar: $155,000–$5,250,000 | 15 similar: 4–27 | $100,000 similar: $1,000–$100,000 | 2010–2017 |
"Similar" = offerings in the same industry claiming the same exemption, filed in the last 5 years: Pooled Investment Fund / 506(b) (83,801 filings); ranges are the middle half (25th–75th percentile). Computed by PartnerFacts from SEC EDGAR Form D data as of Oct 23, 2026, 5:45 PM ET. Rows without a range: fewer than 30 comparable filings, or not a Rule 506 offering. No ranking or score.
| Source | Filed | Issuer | Form | Industry | Offered | Sold |
|---|---|---|---|---|---|---|
| EDGAR ↗ | Jul 14, 2017 | Discovery Equity Partners Ltd. | D/A | Pooled Investment Fund | Indefinite | $109,514,130 |
| EDGAR ↗ | Jul 14, 2017 | Discovery Equity Partners LP | D/A | Pooled Investment Fund | Indefinite | $196,624,845 |
| EDGAR ↗ | Jul 15, 2016 | Discovery Equity Partners LP | D/A | Pooled Investment Fund | Indefinite | $190,109,345 |
| EDGAR ↗ | Jul 15, 2016 | Discovery Equity Partners Ltd. | D/A | Pooled Investment Fund | Indefinite | $109,514,130 |
| EDGAR ↗ | Feb 11, 2016 | Discovery Equity Partners LP | D/A | Pooled Investment Fund | Indefinite | $169,534,345 |
| EDGAR ↗ | Jul 15, 2015 | Discovery Equity Partners Ltd. | D/A | Pooled Investment Fund | Indefinite | $107,514,130 |
| EDGAR ↗ | Feb 11, 2015 | Discovery Equity Partners LP | D/A | Pooled Investment Fund | Indefinite | $169,209,345 |
| EDGAR ↗ | Jul 15, 2014 | Discovery Equity Partners Ltd. | D/A | Pooled Investment Fund | Indefinite | $107,514,130 |
| EDGAR ↗ | Feb 11, 2014 | Discovery Equity Partners LP | D/A | Pooled Investment Fund | Indefinite | $167,789,345 |
| EDGAR ↗ | Jul 15, 2013 | Discovery Equity Partners Ltd. | D/A | Pooled Investment Fund | Indefinite | $103,214,130 |
| EDGAR ↗ | Feb 11, 2013 | Discovery Equity Partners LP | D/A | Pooled Investment Fund | Indefinite | $137,389,345 |
| EDGAR ↗ | Jul 16, 2012 | Discovery Equity Partners Ltd. | D/A | Pooled Investment Fund | Indefinite | $101,614,130 |
| EDGAR ↗ | Feb 10, 2012 | Discovery Equity Partners LP | D/A | Pooled Investment Fund | Indefinite | $223,414,000 |
| EDGAR ↗ | Jul 14, 2011 | Discovery Equity Partners Ltd. | D/A | Pooled Investment Fund | Indefinite | $87,614,130 |
| EDGAR ↗ | Jul 21, 2010 | Discovery Equity Partners Ltd. | D | Pooled Investment Fund | Indefinite | $5,000,000 |
| EDGAR ↗ | Mar 10, 2010 | Discovery Equity Partners LP | D/A | Pooled Investment Fund | Indefinite | $126,014,345 |
| EDGAR ↗ | Mar 11, 2009 | Discovery Equity Partners LP | D/A | Pooled Investment Fund | Indefinite | $125,014,345 |
Activity: 0 new offerings in the last 12 months across all issuers in this group (new offering = a Form D that is not an amendment, D/A) · most recent filing Jul 14, 2017. Industry history, as reported on each offering's latest filing: All 2 offerings reported: Pooled Investment Fund (2009–2010).
| Name | Roles | Issuers here | First → last listed |
|---|---|---|---|
| DG Discovery Group I, LLC entity | Executive Officer | 2 | Mar 11, 2009 → Jul 14, 2017 |
| DD Daniel J. Donoghue | Executive Officer, Director | 2 | Mar 11, 2009 → Jul 14, 2017 |
| MM Michael R. Murphy | Executive Officer, Director | 2 | Mar 11, 2009 → Jul 14, 2017 |
Searched SEC Form ADV bulk data (registered + exempt reporting advisers) (24,962 records as of Oct 2, 2026, 8:00 AM ET) — nothing matched Discovery.
No Meta Pixel ids or Facebook / Instagram page links on file for Discovery as of Oct 24, 2026 — the sponsor website is read for them once it is on file (runs automatically). Meta Ad Library: not searched by PartnerFacts (no API access); a one-tap Ad Library search is under Look further.
Searched SEC Regulation A Data Sets (Forms 1-A, 1-K, 1-Z; 2015 Q2 → 2026 Q3); SEC Crowdfunding Offerings Data Sets (Form C family; 2016 Q2 → 2026 Q3); EDGAR form index for 2026 Q3 → 2026 Q4 (51,358 records as of Oct 23, 2026, 8:41 PM ET) — nothing matched this name.
No website or social profile named in Discovery's SEC filings (Form C, Reg A, Form ADV; checked Oct 24, 2026). Web search for this name: #268,595 of 374,652 in line (1,346 issuers searched so far). One-tap searches: Look further ↓
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