San Francisco, CA-based Top Tier Capital Partners closed on nearly $1.2 billion in new capital commitments for Top Tier Venture Capital IX, Top Tier Venture Velocity Fund 3, and related separate accounts.
Led by Managing Directors David York and Garth Timoll, Sr., Top Tier Capital Partners makes primary and secondary investments in venture capital funds and co-investments in select portfolio companies, primarily in the software and technology sectors. With more than $7.5 billion under management via direct growth investments and early-stage fund investments.
Its overall portfolio of more than 350 fund interests includes investments in Silicon Valley firms including Andreessen Horowitz, Mayfield Fund, True Ventures, and Accomplice, and direct and indirect exposure to more than 9500 portfolio companies spanning biotechnology, SaaS software, and frontier technologies.
With this new funding, Top Tier Capital Partners’ total regulatory capital under management increased to more than $7.5 billion.
The firm’s nearly $1.2 billion in new capital commitments follows a series of funds raised since 2011, when the firm spun out of Paul Capital Investments. TTCP, including its predecessors, has been active as a fund and venture capital investor for the past 20 years. Since spinning out from Paul Capital ten years ago, however, The firm has added additional flexibility and capabilities in direct co-investments and secondary investments.
To help accelerate growth across the portfolio, the firm has deployed its “Velocity” strategy, which combines co-investments and secondaries with niche-focused funds of funds. Leveraging its data and fund relationships, and calling on the expertise of teams in San Francisco, Boston and London, TTCP is able to identify appropriate secondaries and direct co-investments to accelerate capital deployment into the venture market. Along with financing, its fund investing business is dedicated to creating supportive capital and leveraging a deep global network, enabling the firm to stand behind its managers for multiple fund cycles.