Screendoor
$150.00M AUM
private equityfund of funds
Screendoor is a venture capital fund of funds platform for the next generation of venture capital firms. Uniquely founded
by accomplished GPs alongside institutional LPs with over a decade of experience, we invest anchor LP capital in new fund
managers and provide them with curated mentorship from our iconic GP Advisors. Since inception, Screendoor has
evaluated over 90% of new funds launched, giving the firm unmatched visibility into the early-stage VC landscape.
Screendoor is both a signal and a partner, helping new GPs get in business and scale smarter to become an enduring firm.
For LPs, Screendoor offers investors differentiated exposure, early visibility into rising firms and the notoriously opaque VC
ecosystem, and a refined pipeline of transparent, direct relationships. We serve as an extension of LP teams to identify
and access alpha before it becomes consensus so that institutions can build stronger, more effective venture portfolios
with greater precision and purpose. Backed by long-term, patient capital, Screendoor is reshaping how the next
generation of VCs get their start—and how great firms are built.
Manager news
Beyond Fund 1: Why Smart LPs Back Early-Stage Venture
What makes a venture manager truly stand out and why do so many LPs miss the winners?
Why an LP of GPs is Uniquely Valuable | Lisa Cawley | Superclusters | S3E5
Should VCs Scale? | El Pack w/ Screendoor | Superclusters
Insights into Emerging VC Manager Landscape - with Jamie Rhode
Strategies
US VC Emerging ManagersFund of Funds
Traditional fund-of-funds and LP portfolios weren't build for the next generation of VC funds. Screendoor is.
This is our second vintage of our "fund I" strategy that is designed to provide our LPs with exposure to the first institutional funds of US early stage emerging managers.
Many new firms intentionally aim to keep small fund sizes, creating exclusive opportunities that limit direct institutional LP access. Even LPs that are active in the venture capital ecosystem have a difficult time finding, underwriting, and accessing potential outperforming Fund I's because Fund I’s do not fit their traditional diligence frameworks. Other LPs must wait for a full traditional track record, leaving them as bystanders without exposure to the very performance in Fund I’s that generates the signal to invest in their future fund offerings.
Screendoor LPs can have exposure to and early relationships with a diversified basket of 20-24 potential outperforming funds that could one day become the capacity-constrained brands of the next-generation. We serve as an extension of our LPs' teams, providing market intel, support building their ideal venture capital portfolios, and early relationship access into the next generation of industry-defining managers.
US VC Emerging Managers + Co-InvestmentsFund of Funds
Traditional fund-of-funds and LP portfolios weren't build for the next generation of VC funds. Screendoor is.
Our Echo strategy is designed to provide LPs with exposure to the Fund IIs + of managers that LPs struggle to find, diligence, and access. Echo also provides our LPs with co-investments sourced from managers across the entire Screendoor platform: our 2021 vintage, our Fund I strategy of funds, and our Echo strategy of funds.
Many new firms intentionally aim to keep small fund sizes, creating exclusive opportunities that limit direct institutional LP access. Even LPs that are active in the venture capital ecosystem have a difficult time finding, underwriting, and accessing the Fund IIs and IIIs of emerging managers. Other LPs must wait for a full traditional track record, leaving them as bystanders without exposure to the very performance that generates the signal to invest in their future fund offerings. Echo will invest in these competitive, small funds that have the early signals of a strong track record in progress. Regardless of our prior relationship, every Echo fund goes through a full underwriting.
Screendoor LPs can have exposure to and early relationships with a diversified basket of 20-24 potential outperforming funds that could one day become the capacity-constrained brands of the next-generation. We serve as an extension of our LPs' teams, providing market intel, support building their ideal venture capital portfolios, and early relationship access into the next generation of industry-defining managers.
Other managers
TPG
San Francisco, California, United StatesTPG (Nasdaq: TPG) is a leading global alternative asset management firm, founded in San Francisco in 1992, with $229 billion of assets under management and investment and operational teams around the world. TPG invests across a broadly diversified set of strategies, including private equity, impact, credit, real estate, and market solutions, and our unique strategy is driven by collaboration, innovation, and inclusion. Our teams combine deep product and sector experience with broad capabilities and expertise to develop differentiated insights and add value for our fund investors, portfolio companies, management teams, and communities.
buyoutprivate equityreal estategrowth
Spur Capital Partners
Bartlesville, United StatesSpur Capital is a venture fund of fund focused on early-stage managers in the US. We have built durable relationships with top-tier venture capital firms and been early to identify the next generation of talent. Our limited partners are leading private foundations, endowments, families and institutional investors across the United States and Europe.
private equityfund of funds
Portfolio Advisors
Darien, United StatesPortfolio Advisors is a global private asset manager specializing in the U.S. middle market. We provide tailored private equity, private credit and private real estate investment solutions through a variety of customized programs, including direct, secondary and primary investments, and junior and senior credit. Since our founding in 1994, Portfolio Advisors has served as an active partner to the middle-market community, leading to superior access and value creation for clients and sponsors alike.
In 2023, Portfolio Advisors combined with FS Investments, a pioneer in the democratization of alternative assets. Together, we manage over $75 billion in assets and offer a broad suite of alternative strategies to both institutional and individual investors. The combined company has more than 500 employees across offices in the U.S., Europe and Asia, with headquarters in Philadelphia and Darien, CT.
private equitysecondary
Catalyst Capital
Los Altos, United StatesOur firm, led by the youngest GP in history, focuses on high-conviction investing, targeting a small number of high-potential startups founded by young, innovative entrepreneurs. We provide significant capital and hands-on support, including mentorship, expert networks, and strategic follow-on investments. Leveraging personal experience as an exited founder, we build deep relationships with founders, offering tailored guidance. Our belief is that young founders bring unmatched innovation and energy, which drives the outsized returns we aim for.
StepStone Group
La Jolla, United StatesStepStone Group is a global private markets investment firm focused on providing customized investment solutions and advisory and data services to our clients. StepStone’s clients include some of the world’s largest public and private defined benefit and defined contribution pension funds, sovereign wealth funds, and insurance companies, as well as prominent endowments, foundations, family offices, and private wealth clients, which include high-net-worth and mass affluent individuals. StepStone partners with its clients to develop and build private market portfolios designed to meet their specific objectives across the private equity, infrastructure, private debt, and real estate asset classes.
infrastructuresecondary
Headway Capital Partners
London, United KingdomFounded in 2004, Headway Capital Partners is an independent London based investment firm providing a full range of capital and liquidity solutions to private equity managers and general partners. Headway invests in co-investments and secondary transactions, with a focus on independent sponsor, GP-led, and secondary direct transactions involving lower mid-market buyout and growth assets primarily in Europe and the US.
private equitysecondary
BlackRock Private Equity Partners
Princeton, United StatesBlackRock is a global asset manager and technology provider. Our purpose is to help more and more people experience financial well-being. We help millions of people invest to build savings that serve them throughout their lives. We make investing easier and more affordable. We advance sustainable investing because our conviction is it delivers better outcomes for investors. We contribute to a more resilient economy that benefits more people.
Together with our clients, we’re contributing to a more equitable and resilient world – today and for generations to come. That’s why, we’re asking bigger questions – of ourselves, our industry, and the world at large. Questions that challenge convention and give rise to new thinking. Because the bigger questions we ask, the bigger actions we can take.
Follow us for global insights shaping the economy, innovative thinking around the path to net zero and more information on culture and careers at BlackRock.
private equitysecondary
GP Bullhound
London, United KingdomGP Bullhound is a leading technology advisory and investment firm, providing transaction advice and capital to the world’s best entrepreneurs and founders. Founded in 1999 in London and Menlo Park, the firm today has 12 offices spanning Europe and the US.
private equityvc
Blue Owl Capital Inc.
New York, United StatesAt Blue Owl, we are doing more than just investing in private markets—we are shaping the future of alternatives. We serve our investors by being a partner of choice for businesses seeking private capital solutions.
private equityreal estateprivate debtsecondarygp stakesdevelopment / minority capital
Headway Capital Partners
London, United KingdomFounded in 2004, Headway Capital Partners is an independent London based investment firm providing a full range of capital and liquidity solutions to private equity managers and general partners. Headway invests in co-investments and secondary transactions, with a focus on independent sponsor, GP-led, and secondary direct transactions involving lower mid-market buyout and growth assets primarily in Europe and the US.
buyoutprivate equity