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Disruptive Technology Advisers

Disruptive Technology Advisers (brand name DISRUPTIVE) is a private technology investment firm headquartered in Dallas, Texas. Since 2012 it has invested in privately held technology companies through its private funds, and it is an investment adviser registered with the US Securities and Exchange Commission; in its Form ADV updated in August 2026, it reported regulatory assets under management of about US$7.68 billion.

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Key facts

Private Technology Investing Begins

DISRUPTIVE describes itself as a private technology investor since 2012. Its investment adviser entity, Disruptive Technology Advisers LLC, is a Delaware limited liability company; Alexander Jackson Davis has served as its chief executive since June 2012 and, since April 2015, as manager of its upstream owner DTA Master, LLC.⁠[1][2][2][2]

Palantir Share Transfer Dispute and Settlement

On December 14, 2017, KT4 Partners LLC and the trustee of a trust filed a civil action (C.A. No. N17C-12-212 EMD CCLD) alleging that Palantir and Disruptive Technology Advisers tortiously interfered with a secondary transaction in which the plaintiffs hoped to sell Palantir shares to a prospective buyer, and conspired to divert the buyer and appropriate the transaction for themselves. The parties executed a settlement agreement on July 25, 2022, before the court date; the terms of the settlement were not disclosed.⁠[2][2][2][2][2][2][2]

13F Holdings Reports Filed With the SEC

From February 2021 to November 2022, Disruptive Technology Advisers LLC filed eight quarterly 13F-HR holdings reports with the US Securities and Exchange Commission as an institutional investment manager.⁠[3][3][3][3]

SEC Settlement Over Fund Audits and Custody

On September 5, 2023, the US Securities and Exchange Commission issued an order against Disruptive Technology Advisers (administrative proceeding file 3-21609) finding that between 2019 and 2021 it violated Sections 206(4) and 204(a) of the Investment Advisers Act of 1940 by failing to timely distribute audited fund financial statements to investors, failing to update its Form ADV upon distribution, and failing to properly maintain representation of fund assets with a qualified custodian. Without admitting or denying the findings, the firm agreed to be censured, to cease and desist from the violations, and to pay a US$225,000 civil penalty.⁠[2][2][2][2][2]

The firm stated that investor assets were at no time exposed or at risk; after learning of the issues it implemented enhanced procedures, distributed the 2022 audited financial statements for all of its funds on time within 2023, and updated its Form ADV accordingly.⁠[2][2][2]

Form ADV Updated

On August 17, 2026, Disruptive Technology Advisers filed a Form ADV amendment with the US Securities and Exchange Commission reporting regulatory assets under management of US$7.6825 billion, all discretionary, across 28 accounts, and about 16 employees, three of whom perform investment advisory functions. The private funds listed include a series of funds named Disruptive Technology Solutions, as well as Disruptive Defense Technology Fund, Defense Technology SPV 2022 and DTA Liquidity Fund I.⁠[2][2][2][2][2][2][2][2][2]

Participation in the ElevenLabs Employee Tender Offer

On September 30, 2026, the AI voice company ElevenLabsElevenLabsElevenLabs is an artificial intelligence audio company founded in 2022 by Mati Staniszewski and Piotr Dąbkowski. Starting from voice generation, voice cloning, and dubbing tools, it has built ElevenCreative for creators, the enterprise conversational agent platform ElevenAgents, and the developer interface ElevenAPI, and also operates music generation and voice licensing businesses.Open the full entry announced that it had closed a US$300 million employee tender offer valuing it at US$22 billion, led by Wellington and T. Rowe Price; the existing investors ElevenLabs listed as taking part included DISRUPTIVE, along with Alkeon, Andreessen HorowitzAndreessen HorowitzAndreessen Horowitz (a16z) is a venture capital firm founded in 2009 by Marc Andreessen and Ben Horowitz. It invests from the seed stage through the growth stage and provides operational support to its portfolio companies.Open the full entry, D.E. ShawD. E. Shaw & Co.D. E. Shaw & Co. (the D. E. Shaw group) is a global investment and technology development firm headquartered in New York. Founded in 1988 by computer scientist David E. Shaw, it was an early pioneer of computational finance and systematic investing, and its businesses span multi-strategy hedge funds, private markets, active equity and multi-asset class strategies. As of September 1, 2026, it had more than US$115 billion in investment and committed capital.Open the full entry, Evantic, ICONIQ and Lightspeed.⁠[4][4][4][4]

Corporate Structure and Business

As of October 2026, Disruptive Technology Advisers LLC is an investment adviser registered with the US Securities and Exchange Commission (SEC file number 801-116928), with its principal office on Crescent Court in Dallas; its website lists Dallas, the Middle East and New York as locations. Relying advisers registered under it include DTA II LLC and DTA Liquidity Fund I GP, LLC.⁠[2][2][2][1][5][5]

Its securities are offered through the affiliated broker-dealer Disruptive Securities, LLC, a FINRA and SIPC member that acts solely as placement agent for affiliated private investment funds and does not buy or sell securities or hold cash for investors; Disruptive Technology Advisers provides investment advisory services solely to these funds, identifying investment opportunities and participating in the acquisition, management, monitoring and disposition of investments.⁠[1][6][6][6]

Related Organizations, Websites, and Public Accounts

Disruptive Technology Advisers: Official website: https://www.disruptive.tech/ (opens in a new window).⁠[2]

Sources

  1. Home | Disruptive (opens in a new window)
  2. Form ADV: Disruptive Technology Advisers LLC (CRD 164828) (opens in a new window)
  3. EDGAR filings: Disruptive Technology Advisers LLC (CIK 0001828550) (opens in a new window)
  4. Announcing a $300M tender at a $22B valuation (opens in a new window)
  5. Investment Adviser Public Disclosure: Disruptive Technology Advisers LLC (opens in a new window)
  6. Disruptive Securities, LLC: Client Relationship Summary (opens in a new window)