FCP
First Close Partners
Fast, early checks into underrepresented first-time funds.
Emerging Manager ProgramsFirmUnited States
Target market
Underrepresented first- and second-time fund managers
Typical check
Typically under $1M per fund
Geography
United States
Overview
First Close Partners is a fund-of-funds that backs first- and second-time venture funds led by underrepresented managers, writing smaller checks designed to land early — often at or before first close, when a new GP's momentum matters most. Its LP base includes experienced investors and operators who also open their networks to portfolio managers.
Key facts
- Invests exclusively in underrepresented emerging managers
- Designed to commit early — at or before a fund's first close
- Smaller checks that help catalyze institutional interest
- LP base of experienced VCs and operators who add network value