# Lyell Wealth Management

Lyell Wealth Management is a Multi Family Office based in Menlo Park, United States.

## Overview

- **Organization type:** Multi Family Office
- **Headquarters:** Menlo Park, United States
- **Region:** North America
- **Address:** Menlo Park, CA, United States
- **Founded:** 2016
- **Assets under management:** Undisclosed
- **Website:** www.lyellwealth.com
- **LinkedIn:** https://www.linkedin.com/company/lyell-wealth-management-lp

## Regulatory record

- **CRD number:** 283521
- **SEC file number:** 801-107892
- **Registration status:** APPROVED
- **Latest Form ADV filing:** 2026-03-27T05:00:00.000Z
- **Reports private funds:** No
- **Private funds reported:** 0
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/283521

## About

Lyell Wealth Management is an SEC-registered investment adviser in Menlo Park, CA, registered since 2016. The firm manages approximately $1.6 billion in regulatory assets. It has 11 employees and 9 investment advisers.

## Sectors

- Venture Capital

## People

- Kurt Hoefer — Managing Partner & Chief Investment Officer

## Questions

### Who runs investment decisions at Lyell Wealth Management?

Kurt Hoefer serves as Managing Partner and Chief Investment Officer, leading the firm's investment strategy and venture capital diligence efforts. He oversees the team responsible for sourcing fund commitments and co-investment opportunities across venture, growth, and other private market strategies. The flat organizational structure typical of multi-family offices means Hoefer is directly involved in manager selection and portfolio construction decisions.

### Does Lyell make direct venture investments or only commit to funds?

Lyell pursues a hybrid approach that includes both fund commitments and direct co-investments. The firm commits capital to venture capital funds across seed through growth stages, and supplements those commitments by co-investing directly into specific portfolio companies when GPs offer allocation. This dual strategy allows client families to gain broad venture exposure through diversified funds while concentrating additional capital into the most promising individual opportunities.

### What types of clients does Lyell Wealth Management typically serve?

Lyell primarily serves families whose wealth originated in the technology sector — founders, early employees, and executives of Silicon Valley companies who experienced liquidity events. The firm's client base skews toward concentrated wealth tied to a single company or sector, which creates specific financial planning challenges around diversification, tax management, and concentrated stock positions. Lyell's venture investment offerings are designed to align with the interests and expertise of these technology-native families.

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Last updated: 2026-07-06T01:24:20.601Z

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