First Close Partners backs venture funds owned by underrepresented managers (“URMs”) -- especially to help them get to a “first close.” The company invests in venture capital firms owned and operated by URMs who are people of color, women, LGBTQIA+, Indigenous people, people with disabilities, and members of other groups that have been historicallyunderrepresented, especially (but not solely) in the venture capital industry. The venture capital funds into which they have invested are predominantly located in the US, Europe, and Africa.

Finance

Venture Capital

First Close Partners

First Close Partners' headquarters in New York, NY, United States

Betsy Zimmerman

The Partnership Management Team at First Close Partners is responsible for nurturing relationships with venture funds owned by underrepresented managers. They oversee collaboration and communication between the firm and its portfolio funds, ensuring strategic alignment, providing support in reaching a first close, and facilitating access to resources and networks that can help amplify the impact and success of these underrepresented managers.

Partnership Management Team

This department focuses on managing investments and fostering partnerships to maximize financial returns.

Investment Management

The Leadership Team at First Close Partners, comprising the three Founding Partners, spearheads the company's mission to support venture funds owned by underrepresented managers (URMs). This team is responsible for setting strategic direction, fostering relationships with URM-owned venture capital firms, and guiding investment decisions to ensure these ventures achieve their initial fundraising milestones. Their focus areas include increasing diversity within the venture capital industry across the US, Europe, and Africa.

First Close Partners

Org chart

Teams

Partnership Management Team

Investment Management

Leadership Team

Offices

First Close Partners

Org chart

Teams

Partnership Management Team

Investment Management

Leadership Team

Offices

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