Founded in 2020 and headquartered in New York, First Close Partners is a fund of funds that invests in venture capital funds owned and led by underrepresented managers globally. The firm backs VC funds operated by people of color, women, LGBTQIA+ individuals, Indigenous people, people with disabilities, and other historically underrepresented groups, with a portfolio spanning funds predominantly in the US, Europe, and Africa. Its name reflects its core value proposition: providing early, catalytic capital to help underrepresented managers reach a first close — often the hardest milestone for emerging fund managers to clear. The firm has made LP commitments to over 100 VC funds, operating on ...
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