Sign in
  • S&P 500 7,659.44 −1.09%
  • Dow Jones 52,002.41 −0.34%
  • Nasdaq 26,713.03 +0.08%
  • VIX 19.99 +21.45%
  • 10-year Treasury 5.09% −0.01
  • Dollar index 121.40 −0.14%
  • WTI crude $101.91 +1.04%

Canaan Partners: investment adviser

Canaan Management, LLC, doing business as Canaan Partners, is an investment adviser registered with the SEC (file 802-75894, CRD 161180). What it reports on Form ADV: assets and clients, fees, owners, disciplinary history and its client brochure. From the SEC's Investment Adviser Public Disclosure site; read Oct 21, 2026.

Assets managed
–
Discretionary
–
Accounts
–
Employees
–
In advisory roles
–
Disclosures
1

SEC adviser record · Full Form ADV (PDF)

The firm reports no custody of client cash or securities.

Form ADV Part 1A, Item 5, as filed on the SEC Investment Adviser Public Disclosure site; read Oct 21, 2026.

Who owns it

Schedule A lists direct owners of 5% or more (and officers who own a stake); Schedule B lists the owners of those owners.

Direct owners (Schedule A)

OwnerTypeRoleStakeSinceControlPublic company
Canaan Management, Inc.Company (U.S.)Member of canaan management, LLCE 75% or moreJan 2015Yes
Brenton K. AhrensPersonManager of canaan partners XII LLCA 5% to 10%Apr 2020Yes
John V. BalenPersonManager of canaan partners IX LLCA 5% to 10%Jan 2012Yes
Joydeep BhattacharyyaPersonManager of canaan partners xiii LLCA 5% to 10%Jan 2023Yes
Stephen BlochPersonManager of canaan partners x LLCA 5% to 10%Oct 2014Yes
Richard BoylePersonManager of canaan partners xiii LLCA 5% to 10%Jan 2023Yes
Laura ChauPersonManager of canaan partners xiii LLCA 5% to 10%Nov 2025Yes
Brendan Charles DickinsonPersonManager of canaan partners xiii LLCA 5% to 10%Jan 2023Yes
Julie Papanek GrantPersonManager of canaan xiii healthcare fund LLCA 5% to 10%Apr 2024Yes
Maha Saleh IbrahimPersonManager of canaan partners xiii LLCA 5% to 10%Jan 2023Yes
Deepak KamraPersonManager of canaan partners x LLCA 5% to 10%Oct 2014Yes
Nina Sofia KjellsonPersonManager of canaan partners XII LLCA 5% to 10%Apr 2020Yes
John PacificoPersonManager of canaan xiii healthcare fund LLCA 5% to 10%Apr 2024Yes
Guy M. RussoPersonManager of canaan partners XI LLCA 5% to 10%Jul 2017Yes
Wende Ellen SawyerPersonManager of canaan partners XI LLCA 5% to 10%Jul 2017Yes
Tim ShannonPersonManager of canaan xiii healthcare fund LLCA 5% to 10%Apr 2024Yes
Hrach SimonianPersonManager of canaan partners xiii LLCA 5% to 10%Jan 2023Yes

Indirect owners (Schedule B)

OwnerOwns a stake inTypeStakeControlPublic company
Maha Saleh IbrahimCanaanPersonC 25% to 50%Yes
John PacificoCanaanPersonC 25% to 50%Yes
Tim ShannonCanaanPersonC 25% to 50%Yes

Form ADV reports ownership in bands, not exact stakes: A means 5% to 10%, B 10% to 25%, C 25% to 50%, D 50% to 75%, E 75% or more. F marks a general partner, trustee or managing member, a role that controls the firm without a percentage. Owners of less than 5% are not listed.

Form ADV Schedules A and B, via the SEC Investment Adviser Public Disclosure site.

Disciplinary history

What the firm disclosed under Item 11 of Form ADV. A disclosure is the firm's own report: pending matters are allegations, not findings, and many settlements are made without admitting or denying them. Text is quoted from the filing, set in sentence case.

Item 11 questions answered Yes

These questions cover the firm and its advisory affiliates.

  • Has the SEC or the Commodity Futures Trading Commission (CFTC) ever: found you or any advisory affiliate to have been involved in a violation of SEC or CFTC regulations or statutes?
  • Has the SEC or the Commodity Futures Trading Commission (CFTC) ever: entered an order against you or any advisory affiliate in connection with investment-related activity?
  • Has the SEC or the Commodity Futures Trading Commission (CFTC) ever: imposed a civil money penalty on you or any advisory affiliate, or ordered you or any advisory affiliate to cease and desist from any activity?

Actions about the firm (1)

  1. Sep 15, 2022
    Regulatory Action: SEC FinalSanctions: Civil and Administrative Penalt(ies) /Fine(s); Cease and desist; censure · Fine: $95,000 · Begun Feb 15, 2022 · Resolved Sep 15, 2022 · Settled · Docket 3-21079

    The U.S. Securities and Exchange Commission ("SEC") alleged that a covered associate of the registrant violated rule 206(4)-5 under the Investment Advisers Act of 1940, the SEC's "pay-to-play" rule (the "rule"), which prohibits an exempt reporting adviser from providing compensated advisory services within two years after a covered associate makes certain political contributions. The alleged violation of the rule was based on a $1,000 campaign contribution that one of the registrant's covered associates made in 2018 to the campaign of a candidate for governor of California. The governor serves on, and appoints other members to, the board of a government entity that selects investment advisers for a California state university system. That government entity had previously, between 7 and 13 years prior to the 2018 contribution at issue, invested in three closed-end funds advised by the registrant.

    The registrant and the SEC agreed to settle the matter on terms outlined by the SEC staff, pursuant to which, without admitting or denying liability, the registrant agreed to pay a $95,000 penalty. The order noted that the rule does not require a showing of actual intent to influence a candidate for elected office, and thus there is no such finding, and that the SEC is not required to show that the registrant was aware that it was violating any rule. The registrant paid the $95,000 penalty on September 19, 2022. No information Filed

Form ADV Item 11 and its Disclosure Reporting Pages, via the SEC record. All adviser disciplinary records.

The brochure

No brochure text was read for this firm.

Form ADV Part 2A, via the SEC Investment Adviser Public Disclosure site.