# Alkeon Innovation
Alkeon Innovation is the venture and growth-investment platform of Alkeon Capital Management, a New York investment firm based at 350 [Madison Avenue](https://www.edgepedia.org/madison-avenue) and managed by Panayotis D. Sparaggis, operating through a family of Delaware fund vehicles that have reported roughly $2.1 billion in securities sold across Form D (SEC notice filed when a private fund sells unregistered securities) filings since 2020 (partly unverified).[1](https://www.sec.gov/Archives/edgar/data/1823263/000093583620000710/0000935836-20-000710.txt) • [2](https://www.sec.gov/Archives/edgar/data/2136874/000093583626000311/0000935836-26-000311.txt)
| Key fact | Detail |
|---|---|
| Manager | Alkeon Capital Management, LLC, SEC-registered since 2001 (CRD 118059)[3](https://privatefunddata.com/fund-companies/alkeon-capital-management-llc/) |
| Headquarters | 350 Madison Avenue, 20th Floor, New York, NY[1](https://www.sec.gov/Archives/edgar/data/1823263/000093583620000710/0000935836-20-000710.txt) |
| Key people | Panayotis D. Sparaggis (Managing Director, 50–75% owner since 2001); George Mykoniatis (CFO since 2006); Gregory Daniel Jakubowsky (COO/CCO since 2006); Jennifer Wendy Shufro (MD, Legal and Compliance, since 2013)[3](https://privatefunddata.com/fund-companies/alkeon-capital-management-llc/) |
| Capital raised via Form D | About $2.1 billion across the Innovation vehicles, concentrated in the 2020–2021 vintages[1](https://www.sec.gov/Archives/edgar/data/1823263/000093583620000710/0000935836-20-000710.txt) • [4](https://aum13f.com/firm/alkeon-capital-management-llc) • [2](https://www.sec.gov/Archives/edgar/data/2136874/000093583626000311/0000935836-26-000311.txt) |
| Firm AUM | $25.3 billion regulatory assets under management as of March 2026, up 40% from March 2025[3](https://privatefunddata.com/fund-companies/alkeon-capital-management-llc/) • [4](https://aum13f.com/firm/alkeon-capital-management-llc) |
| Fund family | 26 private funds with $34.4 billion in combined gross assets; the largest is the $11.89 billion Alkeon Growth Master Fund, Ltd.[3](https://privatefunddata.com/fund-companies/alkeon-capital-management-llc/) |
| Status | Actively filing new fund vehicles through mid-2026[2](https://www.sec.gov/Archives/edgar/data/2136874/000093583626000311/0000935836-26-000311.txt) |
## History and people
Alkeon Capital Management, LLC has been registered with the SEC since 2001. Form ADV ownership records list Panayotis D. Sparaggis as Managing Director with 50–75% ownership since 2001, making him the firm's controlling principal.[3](https://privatefunddata.com/fund-companies/alkeon-capital-management-llc/) George Mykoniatis has been Chief Financial Officer since 2006 and personally signs the fund filings; he signed the Special Opportunities Fund Form D on 2026-06-05 as CFO of Alkeon Capital Management and manager of the general partner.[2](https://www.sec.gov/Archives/edgar/data/2136874/000093583626000311/0000935836-26-000311.txt) Gregory Daniel Jakubowsky has served as COO and Chief Compliance Officer since 2006, and Jennifer Wendy Shufro as Managing Director of Legal and Compliance since 2013.[3](https://privatefunddata.com/fund-companies/alkeon-capital-management-llc/)
The [Innovation](https://www.edgepedia.org/innovation) vehicles are legally distinct Delaware limited partnerships but sit squarely inside the Alkeon Capital structure: the general partner of the 2026 Special Opportunities Fund is Alkeon Special Opportunity Advisers, LLC, whose manager is Alkeon Capital Management, LLC, both at the same 350 Madison Avenue address.[2](https://www.sec.gov/Archives/edgar/data/2136874/000093583626000311/0000935836-26-000311.txt)
## Funds, by the numbers
The Form D record shows a heavily 2020–2021-weighted fund family, followed by a cluster of new vehicles from 2025 and 2026:
| Vehicle | Amount sold (Form D) | First sale / filing |
|---|---|---|
| Alkeon Innovation Fund II, LP | $1,027,170,000 | first sale 2020-09-08[1](https://www.sec.gov/Archives/edgar/data/1823263/000093583620000710/0000935836-20-000710.txt) |
| Alkeon Innovation Fund II, Private Series, LP | $842.6 million (unverified) | amended 2021-06-10[4](https://aum13f.com/firm/alkeon-capital-management-llc) |
| Alkeon Innovation Fund Holdings, LP | $80,225,000 (unverified) | filed 2025-08-28[4](https://aum13f.com/firm/alkeon-capital-management-llc) |
| Alkeon Innovation Special Opportunities Fund, LP | $146,070,530 | first sale 2026-05-21; filed 2026-06-05[2](https://www.sec.gov/Archives/edgar/data/2136874/000093583626000311/0000935836-26-000311.txt) |
The two 2020–2021 flagship vehicles account for about $1.87 billion of the roughly $2.1 billion total, meaning more than four-fifths of the platform's disclosed fundraising went into a single vintage pair. Fund II accepted a $250,000 minimum investment through Oppenheimer & Co. Inc.; the later vehicles require $10 million minimums.[1](https://www.sec.gov/Archives/edgar/data/1823263/000093583620000710/0000935836-20-000710.txt) • [2](https://www.sec.gov/Archives/edgar/data/2136874/000093583626000311/0000935836-26-000311.txt) • [5](https://privatefunddata.com/private-funds/alkeon-innovation-fund-holdings-lp/) On Form ADV the corresponding master funds report larger gross assets than their Form D sales: Alkeon Innovation Master Fund II, LP at $1.68 billion, the Private Series master at $1.54 billion, and the underlying feeders at $1.28 billion and $1.22 billion as of March 2025 (unverified).[3](https://privatefunddata.com/fund-companies/alkeon-capital-management-llc/)
The 2025–2026 vehicles are smaller and structurally opaque. Fund Holdings, LP, classified as a venture capital fund, reported $137.4 million in gross assets and audited financial statements.[5](https://privatefunddata.com/private-funds/alkeon-innovation-fund-holdings-lp/) The Special Opportunities Fund, LP, formed in 2025, is classified as a private equity rather than venture capital fund and had just 6 investors as of its June 2026 filing.[2](https://www.sec.gov/Archives/edgar/data/2136874/000093583626000311/0000935836-26-000311.txt)
## Strategy and relationship to Alkeon Capital
Alkeon Capital's largest fund is the Alkeon Growth Master Fund, Ltd., with $11.89 billion in gross assets as of March 2025. The Innovation funds are listed among the firm's 26-fund complex.[3](https://privatefunddata.com/fund-companies/alkeon-capital-management-llc/) The firm's own website describes a platform with 20+ years of experience investing in transformative companies throughout their lifecycle, and states that its VC portfolio includes 50+ private companies across multiple stages and industries. This is a self-reported claim; no independent source details the strategy's stage focus, sector preferences, geography, or check sizes.[6](https://www.alkeoncapital.com/)
By regulatory assets, Alkeon Capital ranks 474 of 6,030 private fund managers. That ranking reflects the whole firm rather than the Innovation platform alone; no comparative source sizes the ~$2.1 billion venture complex against New York peers.[3](https://privatefunddata.com/fund-companies/alkeon-capital-management-llc/)
## Portfolio and exits
The firm publishes a list of the publicly announced private investments made by its Innovation Strategy on its own website, explicitly including investments no longer held.[7](https://www.alkeoncapital.com/portfolio/)
## Recent developments
All disclosed fundraising activity outside the 2020–2021 flagship pair is recent. Fund Holdings, LP filed its Form D on 2025-08-28 reporting $80.2 million sold; the Special Opportunities Fund reported its first sale on 2026-05-21 and filed on 2026-06-05 with $146.1 million sold and 6 investors.[4](https://aum13f.com/firm/alkeon-capital-management-llc) • [2](https://www.sec.gov/Archives/edgar/data/2136874/000093583626000311/0000935836-26-000311.txt) At the firm level, regulatory assets under management reached $25.3 billion as of March 2026, up 40% from March 2025, with 82 employees across the whole organization.[3](https://privatefunddata.com/fund-companies/alkeon-capital-management-llc/) • [4](https://aum13f.com/firm/alkeon-capital-management-llc)
## References
1. [SEC Form D — Alkeon Innovation Fund II, LP (CIK 0001823263)](https://www.sec.gov/Archives/edgar/data/1823263/000093583620000710/0000935836-20-000710.txt)
2. [SEC Form D — Alkeon Innovation Special Opportunities Fund, LP (CIK 0002136874, filed 2026-06-05)](https://www.sec.gov/Archives/edgar/data/2136874/000093583626000311/0000935836-26-000311.txt)
3. [Alkeon Capital Management — AUM, Funds, Owners & Contact Info (Form ADV-derived)](https://privatefunddata.com/fund-companies/alkeon-capital-management-llc/)
4. [Alkeon Capital Management LLC — Form D and Form ADV summary](https://aum13f.com/firm/alkeon-capital-management-llc)
5. [Alkeon Innovation Fund Holdings — Fund Data, AUM & Service Providers](https://privatefunddata.com/private-funds/alkeon-innovation-fund-holdings-lp/)
6. [Alkeon Capital Management — firm website](https://www.alkeoncapital.com/)
7. [Alkeon — Innovation Strategy Portfolio](https://www.alkeoncapital.com/portfolio/)
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*Topic: Encyclopedia › Society and history › Economics and business › Finance › Venture capital and private equity › Venture capital firms of the Americas › Growth and multi-stage investors › Titles symbols to L*
*Initially written Sep 17, 2026 · Edited: Oct 11, 2026; Oct 15, 2026*
*Copyright 2026 EdgeChat AI, a subsidiary of Biostate AI.*
License: Edgepedia Community License 1.0, https://www.edgepedia.org/edgepedia/license