Organization · Fund of Funds
First Close Partners
First Close Partners is a New York-based fund of funds established in 2020 that invests in venture capital funds led by underrepresented managers, aiming to address diversity gaps in the venture capital industry.
Overview
What First Close Partners does
What First Close Partners is
First Close Partners is a New York-based fund of funds established in 2020 that invests in venture capital funds led by underrepresented managers, aiming to address diversity gaps in the venture capital industry.
How it participates in the startup ecosystem
The current public profile supports funder capabilities. Each capability below is shown separately so organization identity and role-specific information do not get conflated.
Operational profile
Organization status and context
Organization status describes the entity itself. Funding and program availability appear within the relevant capability profile.
- Operational status
- Active
- Organization type
- Fund of Funds
- Founded
- Founded in 2020
- Approximate age
- About 6 years
- Structured capabilities
- Funder
- Last reviewed
- April 26, 2026
Official channels
Find First Close Partners elsewhere
Open the official website or a supported primary organization account.
Capability profile
First Close Partners as a funder
Investment thesis
First Close Partners believes that underrepresented venture managers are undercapitalized and aims to support them through early LP commitments, unlocking access to differentiated venture returns while creating a positive impact.
Focus narrative
First Close Partners focuses on investing in early-stage venture capital funds that are managed by underrepresented founders. The organization emphasizes sectors that are often neglected and aims to provide support across various stages of business development, ultimately fostering a diverse range of investment opportunities.
Value beyond capital
First Close Partners adds value by providing essential capital to underrepresented venture managers, helping them reach their first closes and attract additional LP commitments. The firm also aims to create a supportive network that enhances the operational capabilities of the funds it backs.
Focus and fit
- Stages
- Pre-seed · Seed · Series A · Series B · Series C · Growth Equity
- Regions
- Global · North America · Europe · Africa
Availability
- Currently deploying
- Yes
Portfolio and track record
- Recorded portfolio count
- 100
Portfolio context
First Close Partners has made over 100 investments in venture capital funds led by underrepresented managers globally. Notable commitments include Wilshire Lane Capital and a diverse range of emerging and seasoned VC managers across various sectors.
Common questions
What to know about First Close Partners
Upseed classifies First Close Partners under the Fund of Funds organization type. Its current public profile includes funder capabilities.
Source and update disclosure
Know what this page is based on
Source basis
Public organization and program material, official websites, and structured Upseed records.
Last reviewed
April 26, 2026
Known limits
Capability profiles appear only when a structured public profile also contains decision-useful role evidence. Terms and availability can change.
Upseed is an independent guide. It is not affiliated with or endorsed by the organization described on this page.