Managers/Venture/New York/Variant

Variant

Variant is a venture manager in Brooklyn, NY. It is registered with the SEC as an investment adviser with $729.2M in regulatory assets and 12 staff. It has 9 funds on file, the latest reported in September 2026.

Funds on file
9
Raised, all funds
$350.5M
Regulatory assets
$729.2M
Staff
12
Pension investors
None found
See the adviser's own filing →

Latest fund filing

Funds

DateFundTypeRaisedTarget
Sep 2026 Variant Fund IV, L.P. Venture $221.2M $250M
Jun 2022 Variant CO Fund, L.P. Venture $0 Not given
Jun 2022 Variant Community Fund III, L.P. Venture $0 Not given
Mar 2022 Variant Fund III, L.P. Venture $0 Not given
Mar 2022 Variant Opportunity Fund, L.P. Venture $0 Not given
Feb 2022 Variant Holding I, L.P. Venture $6M $6M
Oct 2021 Variant Community Fund II, LP Venture $10M $10M
Oct 2021 Variant Fund II, LP Venture $100M $100M
Aug 2020 Variant Fund, L.P. Venture $13.4M $30M

Adviser record

RegistrationRegistered with the SEC as an investment adviser.
Regulatory assets$729.2M
Employees12
Clients8 private funds.
Control personsCaleb Shough, Jesse, Daniel Walden.
Private funds7 private funds holding $838.2M in gross assets.

Private funds it reports

FundTypeGross assets
Variant Opportunity Fund Venture $394.4M
Variant Fund Iii Venture $162.7M
Variant Fund II Venture $134.2M
Variant Fund Venture $127.5M
Variant Community Fund II Venture $13.4M
Variant CO Fund Venture $4.2M
Variant Community Fund Iii Venture $1.7M