Overview
Friends & Family Capital, a Delaware limited liability company, is a venture capital firm and
investment adviser that invests in private technology companies. The Firm is located in
Menlo Park, California. Colin Anderson and John Fogelsong are the Firm’s principal owners.
The Firm serves as an investment adviser to private investment funds, which are organized
as Delaware limited partnerships (the “Funds”). Friends & Family Capital may decide to
organize and manage additional such funds in the future or provide services to additional
types of clients. An affiliate of the Firm serves as the general partner to each of the Funds
(the “General Partners”). The Firm and the General Partners provide administrative and
management services to the Funds.
The Funds offer limited partnership interests (“Interests”) to certain qualified investors as
described in response to Item 7, below (such investors are referred to herein as “Investors”).
From time to time, Friends & Family Capital
also forms and manages special purpose vehicles
(“SPVs”) to participate in certain investment opportunities. Collectively, the SPVs and the
Funds will be known as the “Clients”.
Each Fund’s strategy is described in its private placement memorandum and limited
partnership agreement. The private placement memorandum, limited partnership agreement
of each Fund, limited liability company agreements of the SPVs and subscription agreements
are referred to herein as the “Governing Documents”.
Advisory services are tailored to achieve the investment objective of each Fund or each SPV.
Friends & Family Capital has the authority to select the investments and to determine the
exit strategies at its discretion.
Friends & Family Capital does not participate in wrap fee programs.
As of December 31, 2023, Friends & Family Capital has approximately $332,700,000 of
regulatory assets under management on a discretionary basis. It does not manage assets on
a non-discretionary basis.