Faction Ventures, Llc
- Regulatory AUM
- $433M
- Discretionary
- $433M
- Clients
- 5
- Avg AUM / client
- $86.5M
- Accounts
- 5
- Employees
- 8
AUM over time
Reported AUM from Form ADV filings, plotted by filing date · as of Mar 17, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 5 | $433M | 100.0% |
Private funds (1)
Reported in Form ADV Section 7.B.(1), filing of Mar 2024 · $81.5M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Lightspeed Faction Fund I, Lp master | Venture Capital Fund | Cayman Islands | $81.5M | 100 |
People (5)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Eggers, Barry, Francis | Managing Member | Aug 2005 (21y) | ≈ 6.25% – 25% via Lightspeed Venture Partners | |
| Mhatre, Ravi, Brian | Managing Member | Aug 2005 (21y) | ≈ 6.25% – 25% via Lightspeed Venture Partners | |
| Nieh, Peter, Yao Ping | Managing Member | Aug 2005 (21y) | ≈ 6.25% – 25% via Lightspeed Venture Partners | |
| Harrison, Samuel | Managing Partner And Cco | Jan 2022 (5y) | 50% – 75% | |
| Fathieh, Banafsheh | General Partner | Apr 2022 (4y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Lightspeed Venture Partners | Owner | Feb 2022 | A | 25% – 50% |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Eggers, Barry, Francis: 25% – 50% of Lightspeed Venture Partners × 25% – 50% direct ≈ 6.25% – 25% of the firm
- Mhatre, Ravi, Brian: 25% – 50% of Lightspeed Venture Partners × 25% – 50% direct ≈ 6.25% – 25% of the firm
- Nieh, Peter, Yao Ping: 25% – 50% of Lightspeed Venture Partners × 25% – 50% direct ≈ 6.25% – 25% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (1, $81.5M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Lightspeed Faction Fund I, Lp | Venture Capital Fund | $81.5M | $1.0M | 100 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/17/2026 | 1.82 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for pooled investment vehicles
Custody
Firm reports it does not have custody of client funds or securities (Item 9.A).
No custodian data reported or mined yet.
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 17, 2026.
View current Form ADV (SEC/IAPD) ↗