Archive for January, 2022

Pace II

Posted on January 3, 2022. Filed under: Uncategorized |

It’s been about 2.5 years since we closed our first $150M fund at Pace. In that time, we’ve stayed true to our founding principles. We remain a very small team, providing high quality, board level service to a select group of founders with whom we’ve found deep alignment. We’ve concentrated our capital into fewer companies than a typical $150M fund might, and we like that. We’ve looked past momentum and hype, and squinted to see opportunities ahead of the data. We’ve sought to see the world the way our portfolio founders see it, and in doing so, have been able to help navigate toward their envisioned destination.

We’re going to keep doing all of that with Pace II, a new $250M fund focussed on leading Series A and Seed+ financings in generation defining entrepreneurs. Almost 100% of the new capital is coming from the same amazing set of endowments, foundations, and institutions who put us in business 2.5 years ago, with a few notable additions.

Lastly, my hope is that some of this new capital will be deployed by a GP other than Chris and I. It might or might not happen this fund, and both outcomes would be totally fine, but we continue to see Pace as a 4-5 GP perfectly equal partnership and will be prioritizing these conversations with the same intentionality with which we approach investments.

It’s early days for Pace, but grateful to have the tremendous institutional support from a group of LPs who see the world the way that we do.

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    I’m a NYC based investor and entrepreneur. I've started a few companies and a venture capital firm. You can email me at (p.s. i don’t use spell check…deal with it)


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