# Bristlecone Value Partners

Bristlecone Value Partners is a Multi Family Office based in Los Angeles, United States.

## Overview

- **Organization type:** Multi Family Office
- **Headquarters:** Los Angeles, United States
- **Region:** North America
- **Address:** 12301 Wilshire Boulevard, Suite 320, Los Angeles, CA 90025
- **Founded:** 2004
- **Assets under management:** 186 (Altss estimate)
- **Website:** bristlecone-vp.com
- **LinkedIn:** https://www.linkedin.com/company/bristlecone-value-partners-llc

## Regulatory record

- **CRD number:** 128117
- **SEC file number:** 801-81088
- **Registration status:** APPROVED
- **Latest Form ADV filing:** 2026-02-20T06:00:00.000Z
- **Reports private funds:** Yes
- **Private funds reported:** 0
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/128117

## About

Jean-Luc Nouzille and David Fleer established Bristlecone Value Partners in 2004. Both had worked as portfolio managers at Oppenheimer before launching the firm. The firm delivers fee-only financial planning alongside public-equity and micro-cap portfolio management. It also allocates to private credit and mission-related investments. All three principals—Nouzille, Fleer, and Josh Graybill—are CFA charterholders. Activity centers on North America with a client minimum of $500,000 in investable assets. Bristlecone maintains a single office at 12301 Wilshire Boulevard in Los Angeles. No additional offices or adjacent vehicles appear in public records. The firm has disclosed no operational events from the past 24 months.

## Sectors

- Private Credit
- Public Equity

## People

- Jean-Luc Nouzille — Co-founder and Portfolio Manager
- David Fleer — Co-founder and Portfolio Manager
- Josh Graybill — Partner

## Questions

### Who runs investment decisions at Bristlecone Value Partners?

Jean-Luc Nouzille and David Fleer serve as co-founders and portfolio managers. Josh Graybill acts as partner. All three are CFA charterholders and principal owners.

### Does Bristlecone Value Partners participate in fund commitments or only direct deals?

The firm manages public-equity and micro-cap portfolios directly. It also allocates to private credit and mission-related investments on a discretionary basis for clients.

### What is Bristlecone Value Partners' client minimum?

The firm requires a minimum of $500,000 in investable assets per client.

### How does Bristlecone Value Partners source proprietary deal flow?

The firm relies on the partners' long-standing relationships from their Oppenheimer careers and ongoing co-investments with clients.

## Related profiles

- [XO Capital](https://altss.com/profile/xo-capital)
- [Khronos](https://altss.com/profile/khronos)

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Last updated: 2026-08-10T15:58:45.833Z

Canonical page: https://altss.com/profile/bristlecone-value-partners-llc

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