Investment Focus – Funds

Stage: We invest in emerging and established fund managers across private markets who share and complement our investment approach. Our Inclusive Capital Fund strategy focuses on early- to growth-stage private market funds with no minimum target fund size, but generally in the $20M – $100M range.

Asset Class: We primarily focus on venture / private equity but also invest in other asset classes (e.g. Debt, Real Assets) that complement our investment strategy. We also welcome other innovative structures that are filling critical market gaps.

Investment Size: Our typical LP investment range is $500K – $2M.  We invest through a fund of fund structure or through a special purpose vehicle (SPV) structure that aggregates our investors’ contributions.

Geography: We primarily invest in U.S.-based or U.S.-focused funds.

Impact: We prioritize funds focused on undercapitalized markets as well as the fund’s value creation from an environmental and social standpoint. We also consider the potential for Gratitude and our LPs to be additive to a firm’s fundraise and impact support.

Management Team: We believe that teams with different skills, lived experiences, and perspectives make better decisions, build more resilient businesses, and drive innovation.