Revelation Capital Management, Llc
SEC-registered
Private Fund Manager · Mid-sized ($1B–$10B)
CRD 171114
· SEC file 801-108090
· Sausalito, CA
· www.revelation-partners.com
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ADV data as of May 13, 2026
- Regulatory AUM
- $2.3B
- Discretionary
- $2.3B
- Clients
- 7
- Avg AUM / client
- $331M
- Accounts
- 7
- Employees
- 18
AUM over time
$187M
$2.3B
Jun 30, 2016
May 13, 2026
Reported AUM from Form ADV filings, plotted by filing date · as of May 13, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 7 | $2.3B | 100.0% |
Private funds (6)
Reported in Form ADV Section 7.B.(1), filing of Oct 2024 · $1.6B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Revelation Healthcare Fund Iv, L.P. | Private Equity Fund | Delaware | $605M | 123 |
| Revelation Heathcare Fund Iii, L.P. | Private Equity Fund | Delaware | $478M | 156 |
| Revelation Healthcare Fund Ii, L.P. | Private Equity Fund | Delaware | $202M | 118 |
| Revelation Healthcare Fund I, L.P. | Private Equity Fund | Delaware | $149M | 140 |
| Revelation Alpine, L.P. | Private Equity Fund | Delaware | $100M | 7 |
| Revelation Co Invest Ii, L.P. | Private Equity Fund | Delaware | $18.1M | 22 |
People (4)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Halsted, Scott, Spencer | Managing Partner | Mar 2013 (13y) | ≈ 18.75% – 56.25% via Revelation Partners, Llc | |
| Boggs, Michael, Huff | Managing Partner | Dec 2014 (12y) | ≈ 18.75% – 56.25% via Revelation Partners, Llc | |
| Staley, Elizabeth, Ann | Partner & Chief Compliance Officer | Mar 2018 (8y) | Less than 5% | |
| Olson, Andrew, Jordan | Partner, Chief Financial Officer & Chief Operations Officer | Nov 2023 (3y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Revelation Topco, Lp | Member | Sep 2024 | A | 75% or more |
| Kudu Investment Holdings, Llc | Sole Member | Dec 2019 | B | ≈ 14.06% – 50% via Kudu Investment Us, Llc |
| Kudu Investment Management, Llc | Parent Company | Dec 2019 | B | ≈ 10.55% – 50% via Kudu Investment Holdings, Llc |
| White Mountains Insurance Group, Ltd. | Shareholder | Oct 2020 | B | ≈ 3.34% – 50% via Wm Hinson (Bermuda) Ltd. |
| Wm Regent Ltd. | Member | Oct 2020 | B | ≈ 7.91% – 50% via Kudu Investment Management, Llc |
| Wm International Holdings Ltd. | Shareholder | Oct 2020 | B | ≈ 5.93% – 50% via Wm Regent Ltd. |
| Wm Hinson (Bermuda) Ltd. | Shareholder | Jan 2023 | B | ≈ 4.45% – 50% via Wm International Holdings Ltd. |
| Revelation Partners, Llc | Limited Partner | Sep 2024 | B | ≈ 37.5% – 75% via Revelation Topco, Lp |
| Kudu Investment Us, Llc | Limited Partner | Oct 2024 | B | ≈ 18.75% – 50% via Revelation Topco, Lp |
| Revelation Gp, Llc | General Partner | Sep 2024 | B | GP / trustee / elected manager of Revelation Topco, Lp (indirect) |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Halsted, Scott, Spencer: 50% – 75% of Revelation Partners, Llc × 50% – 75% of Revelation Topco, Lp × 75% – 100% direct ≈ 18.75% – 56.25% of the firm
- Boggs, Michael, Huff: 50% – 75% of Revelation Partners, Llc × 50% – 75% of Revelation Topco, Lp × 75% – 100% direct ≈ 18.75% – 56.25% of the firm
- Kudu Investment Holdings, Llc: 75% – 100% of Kudu Investment Us, Llc × 25% – 50% of Revelation Topco, Lp × 75% – 100% direct ≈ 14.06% – 50% of the firm
- Kudu Investment Management, Llc: 75% – 100% of Kudu Investment Holdings, Llc × 75% – 100% of Kudu Investment Us, Llc × 25% – 50% of Revelation Topco, Lp × 75% – 100% direct ≈ 10.55% – 50% of the firm
- White Mountains Insurance Group, Ltd.: 75% – 100% of Wm Hinson (Bermuda) Ltd. × 75% – 100% of Wm International Holdings Ltd. × 75% – 100% of Wm Regent Ltd. × 75% – 100% of Kudu Investment Management, Llc × 75% – 100% of Kudu Investment Holdings, Llc × 75% – 100% of Kudu Investment Us, Llc × 25% – 50% of Revelation Topco, Lp × 75% – 100% direct ≈ 3.34% – 50% of the firm
- Wm Regent Ltd.: 75% – 100% of Kudu Investment Management, Llc × 75% – 100% of Kudu Investment Holdings, Llc × 75% – 100% of Kudu Investment Us, Llc × 25% – 50% of Revelation Topco, Lp × 75% – 100% direct ≈ 7.91% – 50% of the firm
- Wm International Holdings Ltd.: 75% – 100% of Wm Regent Ltd. × 75% – 100% of Kudu Investment Management, Llc × 75% – 100% of Kudu Investment Holdings, Llc × 75% – 100% of Kudu Investment Us, Llc × 25% – 50% of Revelation Topco, Lp × 75% – 100% direct ≈ 5.93% – 50% of the firm
- Wm Hinson (Bermuda) Ltd.: 75% – 100% of Wm International Holdings Ltd. × 75% – 100% of Wm Regent Ltd. × 75% – 100% of Kudu Investment Management, Llc × 75% – 100% of Kudu Investment Holdings, Llc × 75% – 100% of Kudu Investment Us, Llc × 25% – 50% of Revelation Topco, Lp × 75% – 100% direct ≈ 4.45% – 50% of the firm
- Revelation Partners, Llc: 50% – 75% of Revelation Topco, Lp × 75% – 100% direct ≈ 37.5% – 75% of the firm
- Kudu Investment Us, Llc: 25% – 50% of Revelation Topco, Lp × 75% – 100% direct ≈ 18.75% – 50% 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 (6, $1.6B gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Revelation Healthcare Fund Iv, L.P. | Private Equity Fund | $605M | $1.0M | 123 |
| Revelation Heathcare Fund Iii, L.P. | Private Equity Fund | $478M | $1.0M | 156 |
| Revelation Healthcare Fund Ii, L.P. | Private Equity Fund | $202M | $1.0M | 118 |
| Revelation Healthcare Fund I, L.P. | Private Equity Fund | $149M | $1.0M | 140 |
| Revelation Alpine, L.P. | Private Equity Fund | $100M | $1.0M | 7 |
| Revelation Co Invest Ii, L.P. | Private Equity Fund | $18.1M | $1.0M | 22 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 05/13/2026 | 2.87 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
- • Other fees
- • CARRIED INTEREST
Services
- • Portfolio management for pooled investment vehicles
Custody
Firm reports having 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: May 13, 2026.
View current Form ADV (SEC/IAPD) ↗