AltMountain

Polychain Capital LP

San Francisco, CA · CRD 285022
Hedge fund manager

Polychain Capital LP is an SEC-registered investment adviser based in San Francisco, CA that reports managing 2 hedge funds on Form ADV. It reports $2.9 billion in regulatory assets under management. Its private funds, of all types, hold $2.8 billion in gross assets.

Regulatory assets under management
$2.9 billionForm ADV Item 5.F
Gross assets of private funds
$2.8 billionAll private fund types, Form ADV
Hedge funds managed
214 private funds in total
Employees
36Form ADV Item 5.A
Registration
SEC-registered adviserCRD 285022
Latest Form ADV
03/28/2026Disciplinary disclosures: none reported

Hedge funds filing Form D (4)

Fund
First sale
Raised
Investors
Minimum
YTD performance
Polychain Master Fund I LP
San Francisco, CA
First saleDec 2018
Raised$835M
Investors3
MinimumNone set
YTD performanceNot reported
Polychain Fund I LP
San Francisco, CA
First saleSep 2016
Raised$454M
Investors392
MinimumNone set
YTD performanceNot reported
Polychain Global Ltd.
San Francisco, CA
First saleMay 2017
Raised$228M
Investors97
MinimumNone set
YTD performanceNot reported
Polychain Parallel Fund I LP
San Francisco, CA
First saleApr 2019
Raised$85.2M
Investors23
MinimumNone set
YTD performanceNot reported

Matched to this firm by the fund names and related persons in each Form D. The list may be incomplete.

Private investment funds filing Form D (1)

Fund
First sale
Raised
Investors
Minimum
Offering
Polychain Energy Opportunities LLC
San Francisco, CA
First saleJul 2026
Raised$53.3M
Investors19
MinimumNone set
Offering506(b)

Matched to this firm by the fund names and related persons in each Form D. The list may be incomplete.

Private funds reported on Form ADV (13)

Fund
Gross assets
Minimum
Owners
Adviser
Polychain Master Fund I LP
Cayman IslandsHedge fund
Gross assets$1.7B
Minimum$5.0M
Owners428
AdviserPolychain Capital LP
Polychain Ventures II LP
Delaware, United StatesPrivate equity fund
Gross assets$881M
Minimum$1.0M
Owners169
AdviserPolychain Capital LP
Polychain Ventures LP
Delaware, United StatesPrivate equity fund
Gross assets$793M
Minimum$1.0M
Owners107
AdviserPolychain Capital LP
Polychain Ventures III LP
Delaware, United StatesPrivate equity fund
Gross assets$433M
Minimum$1.0M
Owners206
AdviserPolychain Capital LP
Polychain Ventures II (Parallel) LP
Delaware, United StatesPrivate equity fund
Gross assets$380M
Minimum$1.0M
Owners47
AdviserPolychain Capital LP
Polychain Ventures III (Parallel) LP
Delaware, United StatesPrivate equity fund
Gross assets$233M
Minimum$1.0M
Owners56
AdviserPolychain Capital LP
Polychain Parallel Fund I LP
Delaware, United StatesHedge fund
Gross assets$160M
Minimum$5.0M
Owners22
AdviserPolychain Capital LP
Dfinity Ecosystem Fund LP
Delaware, United StatesPrivate equity fund
Gross assets$55.2M
Minimum$1.0M
Owners9
AdviserPolychain Capital LP
Celo Ecosystem Fund LP
Delaware, United StatesPrivate equity fund
Gross assets$37.5M
Minimum$1.0M
Owners2
AdviserPolychain Capital LP
Polkadot Ecosystem Fund LP
Delaware, United StatesPrivate equity fund
Gross assets$27.3M
Minimum$1.0M
Owners2
AdviserPolychain Capital LP
The Math Prophecy LP
Delaware, United StatesHedge fund
Gross assets$289K
Minimum$25K
Owners11
AdviserPolychain Capital LP
Polychain Ventures IV LP
Delaware, United StatesPrivate equity fund
Gross assets$0
Minimum$1.0M
Owners44
AdviserPolychain Capital LP
Polychain Ventures IV (Parallel) LP
Delaware, United StatesPrivate equity fund
Gross assets$0
Minimum$1.0M
Owners9
AdviserPolychain Capital LP

As reported in the adviser's Form ADV filed Mar 28, 2024. Funds also listed from Form D are shown above.

Fund vehicles: feeder funds and single-deal vehicles (2)

Fund
Gross assets
Minimum
Owners
Adviser
Polychain Opportunities Fund I LLC - Series Cdcx
Delaware, United StatesPrivate equity fund
Gross assets$40.2M
Minimum$1.0M
Owners46
AdviserPolychain Capital LP
Polychain Opportunities Fund I LLC - Series Cdcx II
Delaware, United StatesPrivate equity fund
Gross assets$13.0M
Minimum$1.0M
Owners22
AdviserPolychain Capital LP

Feeder funds invest through a master fund; single-deal vehicles (SPVs, co-investments, series) hold one investment.

From SEC filings. Firm data comes from the SEC's Form ADV data as of Oct 2, 2026; performance estimates come from Form 13F. AltMountain has not verified this information, and it is not an offer, solicitation or recommendation. Full disclosures