PartnerFacts
Data last updated: Oct 23, 2026, 5:45 PM ETLatest filing: Oct 22, 2026Now: Oct 24, 2026, 12:47 AM ET

Sponsor Check › Sponsor group

Section

12 issuers linked to one sponsor · Palo Alto, CA

Grouped because: 2 shared people, 3 shared management entities, same business address (9 issuers), similar issuer names (11) (automatic match from the filings) ·Not the same sponsor? Request a correction

12issuers
20Form D filings
$315,150,000total sold (sum of latest per issuer)
334investors (sum of max per issuer)
2015–2026active
1new offering, last 12 mo

Data last updated: Oct 23, 2026, 5:45 PM ET · Latest filing in this group: Mar 31, 2026 · Courts (RECAP) last checked: Oct 24, 2026, 12:38 AM ET · SEC enforcement last checked: not yet

Key records

The five facts investors ask about first. Each section states what was searched and when. Items still in human review are not shown.

1. Lawsuits

None found in sources searched.

Sources searched: CourtListener bulk data (RECAP dockets as of 2026-09-30) — federal district + bankruptcy courts; live RECAP re-check pending. State courts: not yet searched. PACER: not searched. · Last checked Oct 24, 2026, 12:38 AM ET.

State courts: not yet searched. 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.

2. Regulatory actions

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. — not yet searched; State securities regulators searched: AZ (Corporation Commission Securities Division), CA (DFPI — 16 of 12,159 DFPI respondent pages read so far; sponsor-name matches are read first), DE (DOJ Investor Protection Unit), TX (State Securities Board), WA (DFI) — last crawled Oct 23, 2026, 9:57 PM ET. Other states: not yet searched.

Not yet searched.

Search queued. Results are added automatically; check back later or follow this page to be notified.

3. Bankruptcies

None found in sources searched.

Sources searched: Federal bankruptcy courts via CourtListener / RECAP archive (federal district courts, federal bankruptcy courts). State courts: not yet searched. PACER: not searched (RECAP only). · Last checked Oct 24, 2026, 12:38 AM ET.

State courts: not yet searched. 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.

4. Differences between public sources

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.

5. Money to insiders and sales commissions

3 of 12 offerings report sales commissions totalling $469,000; 2 report finder's fees totalling $60,750; 2 report proceeds to related persons totalling $402,795. (includes amounts the issuer reported as estimates)

SourceOffering (latest filing)Sales commissionsFinder's feesTo insidersPaid to sell it
EDGAR ↗Mar 31, 2026 D
File 021-578401
$0$0$0
The General Partner (or its designee) will receive a fee for management services. The fee will equal a percentage of aggregate subscriptions of the Issuer's limited partners.
None listed on this filing
EDGAR ↗Sep 12, 2025 D/A
File 021-474536
$0$0$0
The General Partner (or its designee) will receive a fee for management services. The fee will equal a percentage of aggregate subscriptions of the Issuer's limited partners during the investment period and a percentage of the invested capital thereafter.
None listed on this filing
EDGAR ↗Mar 31, 2025 D/A
File 021-447558
$197,000 (est.)$0 (est.)$0
The General Partner (or its designee) will receive a fee for management services. The fee will equal a percentage of aggregate subscriptions of the Issuer's limited partners during the investment period and a percentage of the invested capital thereafter.
Equus Financial Consulting, LLC BrokerCheck CRD 131449 ↗
EDGAR ↗Nov 15, 2023 D
File 021-497272
$0$0$0
The General Partner (or its designee) will receive a fee for management services. The fee will equal a percentage of aggregate subscriptions of the Issuer's limited partners.
None listed on this filing
EDGAR ↗Oct 26, 2021 D
File 021-418634
$0$0$0
The General Partner (or its designee) will receive a fee for management services. The fee will equal a percentage of aggregate subscriptions of the Issuer's limited partners.
None listed on this filing
EDGAR ↗Jun 16, 2021 D/A
File 021-369024
$0 (est.)$0 (est.)$0
The General Partner (or its designee) will receive a fee for management services. The fee will equal a percentage of aggregate subscriptions of the Issuer's limited partners during the investment period and a percentage of the invested capital thereafter.
INTE Securities LLC BrokerCheck CRD 47107 ↗
via Conor Smyth (CRD 6427427 ↗)

Equus Financial Consulting, LLC BrokerCheck CRD 131449 ↗
EDGAR ↗Dec 26, 2020 D/A
File 021-360973
$260,000 (est.)$0 (est.)$0
The General Partner (or its designee) will receive a fee for management services. The fee will equal a percentage of aggregate subscriptions of the Issuer's limited partners during the investment period and a percentage of the invested capital thereafter.
INTE Securities LLC BrokerCheck CRD 47107 ↗
via Conor Smyth (CRD 6427427 ↗)

Equus Financial Consulting, LLC BrokerCheck CRD 131449 ↗
EDGAR ↗Oct 3, 2019 D
File 021-350233
$0$0$0
The General Partner (or its designee) will receive a fee for management services. The fee will equal a percentage of the subscriptions of the Issuer's limited partners.
None listed on this filing
EDGAR ↗Jun 20, 2018 D/A
File 021-296232
$0$0$0
The General Partner (or its designee) will receive a fee for management services. The fee will equal a percentage of the subscriptions of the Issuer's limited partners.
None listed on this filing
EDGAR ↗Oct 10, 2017 D/A
File 021-277427
$12,000 (est.)$22,500 (est.)$0
The General Partner (or its designee) will receive a fee for management services. The fee will equal a percentage of aggregate subscriptions of the Issuer's limited partners during the investment period and a percentage of the invested capital thereafter.
Brighton House Associates, LLC no CRD number reported
via BHA Select Network, LLC (CRD 168883 ↗)

Rafael Solis BrokerCheck CRD 2646827 ↗
via Innovation Partners LLC (CRD 146344 ↗)

Equus Financial Consulting LLC BrokerCheck CRD 131449 ↗
GT Securities, Inc. BrokerCheck CRD 116012 ↗
EDGAR ↗Aug 24, 2017 D
File 021-293416
$0$0$143,800
The General Partner (or its designee) will receive a fee for management services. The fee will equal a percentage of the subscriptions of the Issuer's limited partners.
None listed on this filing
EDGAR ↗May 13, 2016 D/A
File 021-248590
$0 (est.)$38,250 (est.)$258,995 (est.)
The General Partner (or its designee) will receive a fee for management services. The fee will equal a percentage of aggregate subscriptions of the Issuer's limited partners during the investment period and a percentage of the invested capital thereafter.
Robertson Stephens Securities LLC BrokerCheck CRD 167704 ↗
Brighton House Associates, LLC no CRD number reported
via BHA Select Network, LLC (CRD 168883 ↗)

As reported by the issuer on Form D (Items 12–15), 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 12 issuers in this group — every filing in our index, latest filing per offering (SEC file number).

Property records 0 documents · 0 ownership records · last checked Oct 23, 2026, 8:59 PM ET · NYC and Cook County lookups queued

0 recorded documents and 0 ownership records matched to Section in the sources searched.

Not found in sources searched as of Oct 23, 2026, 8:59 PM 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; Florida DOR NAL roll (Hillsborough 39) roll year 2026 — loaded Oct 23, 2026, 8:54 PM ET; Florida DOR NAL roll (Dade 23) roll year 2026 — loaded Oct 23, 2026, 8:58 PM ET; Harris County Appraisal District real_acct.txt roll year 2026 — loaded Oct 23, 2026, 8:58 PM ET; Dallas Central Appraisal District ACCOUNT_INFO.CSV roll year 2026 — loaded Oct 23, 2026, 8:58 PM ET. Not yet searched for this group (queued): 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); Hillsborough County FL (recorded documents from Oct 14, 2026 forward; ownership from FL DOR roll 2026); Cook County IL (assessor ownership and deed/sale records, looked up per issuer when its page is viewed); Harris County TX and Dallas County TX (assessor ownership rolls only, 2026 roll; no deed, mortgage or sale records); Miami-Dade County FL (ownership from FL DOR roll only; Clerk recorded documents not yet searched). Recorder indexes for TX, AZ, IL and WA counties, mortgages and liens outside NYC and FL, lis pendens and foreclosure notices everywhere, Miami-Dade County FL recorded documents, Maricopa County AZ, King County WA, Salt Lake County UT, and all other counties are not yet searched. Last refresh by source: 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; Harris County Appraisal District real_acct.txt 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 looked up per issuer when its page is viewed; the most recent such lookup on this site finished Oct 24, 2026, 12:47 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.

Issuers in this group

Why each issuer is here is stated in the "Linked by" column. Low-confidence links are never shown — they wait for human review.

SourceIssuerLinked byLocationIndustryFilingsSold (max)InvestorsMin. investment (latest filing)Active
EDGAR ↗VSL Partners II, LPshared people, shared management entityPalo Alto, CAPooled Investment Fund2$17,650,000
offering $50,000,000 · similar: $155,000–$5,250,000
41
similar: 4–27
$25,000
similar: $1,000–$100,000
2015–2016
EDGAR ↗Section Capital III, LPshared people, shared management entity, similar issuer namesPALO ALTO, CAPooled Investment Fund2$13,725,000
offering $25,000,000 · similar: $155,000–$5,250,000
39
similar: 4–27
$30,000
similar: $1,000–$100,000
2016–2017
EDGAR ↗SP Falcon Partners, LPshared people, shared management entity, same business address, similar issuer namesPALO ALTO, CAPooled Investment Fund1$7,215,000
offering $7,215,000 · similar: $155,000–$5,250,000
20
similar: 4–27
$15,000
similar: $1,000–$100,000
2017–2017
EDGAR ↗SP Sutter Partners, LPshared people, shared management entity, similar issuer namesPALO ALTO, CAPooled Investment Fund2$935,000
offering $935,000 · similar: $155,000–$5,250,000
7
similar: 4–27
$50,000
similar: $1,000–$100,000
2017–2018
EDGAR ↗SP Sutter Partners II, LPshared people, shared management entity, same business address, similar issuer namesPALO ALTO, CAPooled Investment Fund1$3,000,000
offering $3,000,000 · similar: $155,000–$5,250,000
15
similar: 4–27
$50,000
similar: $1,000–$100,000
2019–2019
EDGAR ↗Section Capital IV, LPshared people, shared management entity, same business address, similar issuer namesPALO ALTO, CAPooled Investment Fund2$110,550,000
offering $110,550,000 · similar: $155,000–$5,250,000
95
similar: 4–27
$25,000
similar: $1,000–$100,000
2020–2020
EDGAR ↗Section Ventures, LPshared people, shared management entity, same business address, similar issuer namesPALO ALTO, CAPooled Investment Fund2$24,200,000
offering $30,000,000 · similar: $155,000–$5,250,000
18
similar: 4–27
$50,000
similar: $1,000–$100,000
2020–2021
EDGAR ↗SP LIQ Partners, LPshared people, shared management entity, same business address, similar issuer namesPALO ALTO, CAPooled Investment Fund1$0
offering $5,000,000 · similar: $155,000–$5,250,000
0
similar: 4–27
No minimum reported
similar: $1,000–$100,000
2021–2021
EDGAR ↗Section Capital V, LPshared people, shared management entity, same business address, similar issuer namesPALO ALTO, CAPooled Investment Fund3$115,225,000
offering $300,000,000 · similar: $155,000–$5,250,000
85
similar: 4–27
$50,000
similar: $1,000–$100,000
2022–2025
EDGAR ↗Section Ventures II, LPshared people, shared management entity, same business address, similar issuer namesPALO ALTO, CAPooled Investment Fund2$22,650,000
offering $50,000,000 · similar: $155,000–$5,250,000
14
similar: 4–27
$100,000
similar: $1,000–$100,000
2023–2025
EDGAR ↗SP-Intercept DP Partners, LPshared people, shared management entity, same business address, similar issuer namesPALO ALTO, CAPooled Investment Fund1$0
offering $5,000,000 · similar: $155,000–$5,250,000
0
similar: 4–27
No minimum reported
similar: $1,000–$100,000
2023–2023
EDGAR ↗SP Wafer Partners, L.P.shared people, shared management entity, same business address, similar issuer namesPALO ALTO, CAPooled Investment Fund1$0
offering Indefinite · similar: $155,000–$5,250,000
0
similar: 4–27
No minimum reported
similar: $1,000–$100,000
2026–2026

"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.

Timeline of offerings

SourceFiledIssuerFormIndustryOfferedSold
EDGAR ↗Mar 31, 2026SP Wafer Partners, L.P.DPooled Investment FundIndefinite$0
EDGAR ↗Sep 12, 2025Section Ventures II, LPD/APooled Investment Fund$50,000,000$22,650,000
EDGAR ↗Mar 31, 2025Section Capital V, LPD/APooled Investment Fund$300,000,000$115,225,000
EDGAR ↗Nov 15, 2023SP-Intercept DP Partners, LPDPooled Investment Fund$5,000,000$0
EDGAR ↗May 24, 2023Section Capital V, LPD/APooled Investment Fund$300,000,000$107,250,000
EDGAR ↗Mar 1, 2023Section Ventures II, LPDPooled Investment Fund$50,000,000$0
EDGAR ↗May 31, 2022Section Capital V, LPDPooled Investment Fund$300,000,000$0
EDGAR ↗Oct 26, 2021SP LIQ Partners, LPDPooled Investment Fund$5,000,000$0
EDGAR ↗Jun 16, 2021Section Ventures, LPD/APooled Investment Fund$30,000,000$24,200,000
EDGAR ↗Dec 26, 2020Section Capital IV, LPD/APooled Investment Fund$110,550,000$110,550,000
EDGAR ↗Jun 16, 2020Section Ventures, LPDPooled Investment Fund$30,000,000$0
EDGAR ↗Feb 20, 2020Section Capital IV, LPDPooled Investment Fund$100,000,000$0
EDGAR ↗Oct 3, 2019SP Sutter Partners II, LPDPooled Investment Fund$3,000,000$3,000,000
EDGAR ↗Jun 20, 2018SP Sutter Partners, LPD/APooled Investment Fund$935,000$935,000
EDGAR ↗Oct 10, 2017SP Sutter Partners, LPDPooled Investment Fund$935,000$935,000
EDGAR ↗Oct 10, 2017Section Capital III, LPD/APooled Investment Fund$25,000,000$13,725,000
EDGAR ↗Aug 24, 2017SP Falcon Partners, LPDPooled Investment Fund$7,215,000$7,215,000
EDGAR ↗Dec 30, 2016Section Capital III, LPDPooled Investment Fund$25,000,000$0
EDGAR ↗May 13, 2016VSL Partners II, LPD/APooled Investment Fund$50,000,000$17,650,000
EDGAR ↗Oct 1, 2015VSL Partners II, LPDPooled Investment Fund$50,000,000$0

Activity: 1 new offering 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 Mar 31, 2026. Industry history, as reported on each offering's latest filing: All 12 offerings reported: Pooled Investment Fund (2015–2026).

People across the group

NameRolesIssuers hereFirst → last listed
Section Partners Management, LLC entityExecutive Officer8Oct 3, 2019 → Mar 31, 2026
John David Verron CrowderExecutive Officer8Oct 3, 2019 → Mar 31, 2026
Section Partners Associates III, LLC entityDirector, Executive Officer4Dec 30, 2016 → Oct 3, 2019
Crowder Ventures Management, LLC entityDirector, Executive Officer4Oct 1, 2015 → Jun 20, 2018
David V CrowderExecutive Officer4Oct 1, 2015 → Jun 20, 2018
SP Wafer Associates, LLC entityExecutive Officer1Mar 31, 2026 → Mar 31, 2026
Section Ventures Associates II, LLC entityExecutive Officer1Mar 1, 2023 → Sep 12, 2025
Section Partners Associates V, LLC entityExecutive Officer1May 31, 2022 → Mar 31, 2025
SP-Intercept DP Associates, LLC entityExecutive Officer1Nov 15, 2023 → Nov 15, 2023
SP LIQ Associates, LLC entityExecutive Officer1Oct 26, 2021 → Oct 26, 2021
Section Ventures Associates, LLC entityExecutive Officer1Jun 16, 2020 → Jun 16, 2021
Section Partners Associates IV, LLC entityExecutive Officer1Feb 20, 2020 → Dec 26, 2020
Steven GoldExecutive Officer1Oct 1, 2015 → May 13, 2016
VSL Associates II, LLC entityDirector1Oct 1, 2015 → May 13, 2016
Robert PittiExecutive Officer1Oct 1, 2015 → May 13, 2016
VSL Equity Partners, LLC entityDirector1Oct 1, 2015 → May 13, 2016

Adviser registration (Form ADV)

Not yet searched. Sources to be searched: SEC Investment Adviser Information Reports — Form ADV data for SEC-registered advisers and exempt reporting advisers (file dated 2026-10-02); SEC Investment Adviser Public Disclosure (IAPD) firm search — registered and exempt reporting advisers · Search queued. Results are added automatically; check back later.

Meta advertising

Meta advertising Meta Pixel and page links found on the sponsor's own site; ads from Meta's Ad Library where the API returns them

Not yet searched.

Sources to be searched: the sponsor's website (none on record yet; a sponsor's website is known only 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 — we never look it up elsewhere) for Meta Pixel ids and Facebook / Instagram page links; Meta Ad Library API: not yet searched (API access pending). We never read facebook.com or instagram.com; readers get a link to Meta's public Ad Library instead.

Other offering types (Regulation A and Regulation Crowdfunding)

None found in sources searched.

Sources 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 · Last checked Oct 23, 2026, 8:41 PM ET.

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Grouping is PartnerFacts' inference from public filings (shared related persons, management entities, business address). Everything else on this page is drawn from the filings themselves. Not the same sponsor? Request a correction.