Darwin Ventures provides portfolio management for pooled vehicles. The firm advises 12 private funds.
Darwin Ventures reports 12 pooled investment vehicles. These counts refer to investment vehicles, rather than the individual investors in them. Of its assets, 100.0% ($908M across 12 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Pooled investment vehicles | 100% | 100% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Pooled investment vehicles | 12 | $908M | 100.0% | $75.7M |
| Total | 12 | $908M | 100% | $75.7M |
- Clients
- 12
- Regulatory AUM
- $908M
- AUM share
- 100.0%
- Avg. per client
- $75.7M
Total
- Clients
- 12
- Regulatory AUM
- $908M
- AUM share
- 100%
- Avg. per client
- $75.7M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 12
Darwin Ventures is paid through a percentage of assets under management and performance-based fees; its fees and minimums are set out in its brochures on the SEC website.
Frank Caufield owns 75% or more of Darwin Ventures. The leadership team of Darwin Ventures includes Chief Compliance Officer Ryan Cotton. It has 4 employees, 3 of them in advisory roles.
Leadership
- Ryan CottonChief Compliance Officer, Partner
- Frank CaufieldManaging General Partner, Managing Member
Staff
- 4 employees
- 3 in advisory functions
- Owns 75% or more of Darwin Ventures, LLC
Frank Caufield
Control person · since September 2002
Darwin Ventures’ regulatory assets grew 2.2× from $416M (March 2021) to $908M (March 2026); clients rose from 7 to 12 and employees were 4 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $908M | 12 | 4 | 1 |
| March 2025 | $693M | 10 | 4 | 1 |
| March 2024 | $593M | 10 | 4 | 1 |
| March 2023 | $581M | 10 | 4 | 1 |
| March 2022 | $594M | 8 | 4 | 1 |
| March 2021 | $416M | 7 | 4 | 1 |
Besides its headquarters, Darwin Ventures has 0 offices, with 1 listed address in Idaho.
Idaho · 1 listed address
- 414 Church Street, Suite 111, SandpointHQ
Contact and registration details
- Legal name
- Darwin Ventures, LLC
- Headquarters
- 414 Church Street, Suite 111, Sandpoint, ID 83864
- Website
- darwinvc.com
- Phone
- 415-362-0648
- @darwin-ventures
- SEC file
- 801-73144
- Structure
- California LLC
- Fiscal year end
- December
Darwin Ventures has custody of client assets.
How many clients does Darwin Ventures have?
Darwin Ventures has 12 clients and manages $908 million for them, as of March 2026. They include 12 pooled investment vehicles.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 31 March 2026
What services does Darwin Ventures offer?
Darwin Ventures provides portfolio management for pooled vehicles.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How many financial advisors does Darwin Ventures have?
Darwin Ventures has 0 investment adviser representatives registered with state securities authorities, out of 4 employees, and 3 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
Who owns Darwin Ventures?
Darwin Ventures’ direct owner is Frank Caufield (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 31 March 2026
How does Darwin Ventures get paid?
Darwin Ventures is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
Is Darwin Ventures registered with the SEC?
Yes, Darwin Ventures has been registered with the SEC as an investment adviser since 13 February 2012. Its CRD number is 157665 and its SEC file number is 801-73144.
Source: Form ADV Part 1A, Item 1, filed 31 March 2026; IAPD firm record
How do I contact Darwin Ventures?
Darwin Ventures’ main office is at 414 Church Street, Suite 111, Sandpoint, ID 83864. Its phone number is 415-362-0648. Its website is darwinvc.com.