Global leaders in
INNOVATION
INVESTING
Top Tier Capital Partners is an investment manager with families of funds focused on primary commitments to venture funds, LP and direct secondaries, and direct investments. For over two decades Top Tier and its predecessor firm have made 160+ global investments backing top investors and innovators.
Why top Tier?Venture investors for the long-haul.
At Top Tier, consistency and integrity drive everything we do. Our value-add lies in our experience, deep networks, industry insights, and superior client service. We work collaboratively with our limited partners to help them build their venture capital programs, partner closely with our managers to offer thoughtful, hands-on counsel, and help our entrepreneurs build the next great technology company. Our relationships are long-lasting, built on trust, and begin, do not end, with the investment.
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Primaries
Investing in funds managed by venture capital firms around the world across the innovation ecosystem.
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Secondaries
Investing in funds managed by venture capital firms around the world across the innovation ecosystem.
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Directs
Investing in funds managed by venture capital firms around the world across the innovation ecosystem.
Informed insight for superior returns
20
Years of investing in venture capital
3
Locations across the globe: San Francisco, Boston, and London
$3.8B
Distributed since inception
Disclosures
The information contained herein is not investment advice. Under no circumstances should any material at this site be used or considered as an offer to sell or a solicitation of any offer to buy an interest in any securities or investment fund. TTCP history includes a predecessor firm, of which current members of TTCP were part of the investment team. For more information, please see TTCP's ADV Brochure. View full disclosures.Resources & Insights
View All-
Blog
Valuations Double at IPO for Venture-Backed Tech Companies
Blog
Valuations Double at IPO for Venture-Backed Tech Companies
Reading the press these days could make one feel like the IPO window is closed and companies are struggling after they go public. Top Tier Capital Partners has long believed that early stage private market investing is where the real money is made. Over the last few years, however, we’ve invested more in the later…
Continue Reading » -
Blog
Top Tier Holiday Shopping Guide 2021
BlogTop Tier Holiday Shopping Guide 2021
With the holidays right around the corner, we here at TTCP thought we would try and take some of the stress out of your holiday shopping. Whether the recipient works in venture, tech, or just likes getting presents, any gift from this list is sure to please. We spent the whole year with our ears…
Continue Reading » -
Blog
Top Tier Quarterly Data Newsletter
BlogTop Tier Quarterly Data Newsletter
We began this data newsletter at the start of the Covid-19 pandemic in 1Q 2020. Top Tier Capital Partners (“TTCP”) believes data analytics can help marry science with the art of venture capital investing.
Continue Reading » -
Blog, News
Top Tier Capital Partners Surpasses Target With Nearly €260 Million Raised for Dedicated European Venture Capital Fund of Funds
Blog, NewsTop Tier Capital Partners Surpasses Target With Nearly €260 Million Raised for Dedicated European Venture Capital Fund of Funds
SAN FRANCISCO and LUXEMBOURG —May 13, 2021—Top Tier Capital Partners (TTCP) announced it has closed on nearly €260 million (approximately USD 310 million) in new capital commitments for a dedicated European investment fund, exceeding its target of €250 million. This builds on the nearly $1.2 billion raised for Top Tier Venture Capital IX, Top Tier…
Continue Reading » -
Blog
US Venture: Year in Review
BlogUS Venture: Year in Review
2020 will go down as a memorable year for venture capitalists, entrepreneurs, and the limited partners who support the asset class. The beginning of the year was marked by uncertainty and hardship brought on by the pandemic, but VC activity roared back to life in the second half as the world adjusted to working remotely. It will be a few months before audited financials come out, but it is our expectation that many VCs had record years for liquidity and value accretion across their portfolios.
Continue Reading » -
Tweet
Excited to announce today that we have closed $1.2 billion in new commitments for our ninth family of funds!
TweetExcited to announce today that we have closed $1.2 billion in new commitments for our ninth family of funds!
Excited to announce today that we have closed $1.2 billion in new commitments for our ninth family of funds!
Continue Reading » -
Tweet
The 3rd edition of the #VCHumanCapital Survey
TweetThe 3rd edition of the #VCHumanCapital Survey
The 3rd edition of the #VCHumanCapital Survey
Continue Reading » -
Tweet
Excellent panel at SuperReturn Europe
TweetExcellent panel at SuperReturn Europe
Excellent panel at SuperReturn Europe
Continue Reading » -
Blog
TTCP Quarterly Data Newsletter
BlogTTCP Quarterly Data Newsletter
With this quarterly newsletter, Top Tier Capital Partners (“TTCP”) is seeking to share insights into our data analytics platform. We’ve included; (1) TTCP’s performance benchmarking, (2) valuations on new investments and realizations, (3) a look at new financing rounds, and (4) analysis around valuations in Europe and the U.S. All data is from September 30, 2020, unless stated otherwise.
Continue Reading » -
Blog
Defining Today’s Opportunities Funds
BlogDefining Today’s Opportunities Funds
Top Tier has observed a growing number of funds titled as “Opportunities” Funds in the ecosystem, which can mean many different things. We are continually having to define these fund names internally so we have accurate context, and thought it would be helpful to share our naming conventions which are based on the underlying investment strategy.
Continue Reading » -
Blog
Valuations Double at IPO for Venture-Backed Tech Companies
BlogValuations Double at IPO for Venture-Backed Tech Companies
Reading the press these days could make one feel like the IPO window is closed and companies are struggling after they go public. Top Tier Capital Partners has long believed that early stage private market investing is where the real money is made. Over the last few years, however, we’ve invested more in the later…
Continue Reading »
Our Team
The road ahead becomes clearer when you have dependable partners who
are long-term, consistent investors in the venture space. The team at Top Tier approaches every
opportunity through the lens of goodwill, wisdom, and perspective gained from years of
experience.
People-driven
investors
It's people who make this industry tick. Top Tier has spent two decades building trusting, long-term relationships with managers, LPs, staff, clients and partners throughout the venture capital ecosystem. We take a collaborative approach with every investment, operating as one team with a singular focus on providing support and perspective to fund managers and entrepreneurs alike.
Join Our Team
Our Values
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Leadership
We acknowledge, accept and develop expertise and strengths in others. -
Trust
We provide an environment where we are encouraged to give our honest views and opinions. -
Transparency
People are given, and know where to get, information. We don't like secrets. -
Respect
We allow each person to be seen and heard, and contributions are acknowledged. -
Give Back.
We would not be here without our community, and it's our responsibility to keep that community strong and healthy.
“They have great reputations and are high integrity, good
people. They have long standing personal relationships across the firms and are
transparent in the conversations, good or bad, which we like and appreciate.”
, Columbia
Capital
“Relationships really matter. They've been together and in the
industry for a long time. Not everyone has this longevity and set of relationships to
provide really good insight.”
, True
Ventures
“The Top Tier team is approachable and extremely connected.
Everyone knows and trusts them. I call it the Power of Top Tier.”
, LucidWorks
“They are our go-to firm for candid feedback. You know, like
how your best friend will tell you that you have spinach in your teeth. They are a real
partner, an honest partner, who goes to you first and tells you how it is, in a
supportive way.”
, Scale
Venture Partners
History in the making.
Over the past two decades, we've built strong, long standing industry relationships, invested in 350+ funds worldwide, and created a database of more than 9,500 companies. We have than $7.5 billion under management and in 2020, our portfolio saw 36 IPOs and returned more than $800M to investors.-
1999
The “Top Tower" fund of funds business is launched within Paul Capital -
2001
The first commingled fund of funds strategy is formed focused on primary and secondary investments -
2006
“Top Tier” forms a joint venture between Paul Capital and Bank of Ireland -
2009
The first co-investment is executed by Top Tier -
2011
Top Tier completes its spin out from Paul Capital -
2014
The first Velocity dedicated strategy is launched to invest solely in secondaries and co-investments -
2014
The first Emerging Manager dedicated strategy is launched -
2019
Top Tier expands, opening Boston and London offices -
2019
The first European dedicated strategy is launched
-
1999
The “Top Tower” fund of funds business is launched within Paul Capital -
2001
The first commingled fund of funds strategy is formed focused on primary and secondary investments -
2006
“Top Tier” forms a joint venture between Paul Capital and Bank of Ireland -
2009
The first co-investment is executed by Top Tier -
2011
Top Tier completes its spin out from Paul Capital -
2014
The first Velocity dedicated strategy is launched to invest solely in secondaries and co-investments -
2014
The first Emerging Manager dedicated strategy is launched -
2019
Top Tier expands, opening Boston and London offices -
2019
The first European dedicated strategy is launched
Responsible investing.
At Top Tier, we are committed to responsible investing and fully integrate environmental, social, and corporate governance (ESG) into our investment process. We believe the management of ESG matters is a critical part of ensuring the long-term success of the emerging companies and entrepreneurs we support. We also recognize the role we play and impact we can provide in the greater world and to the communities in which we operate.
Learn more about our ESG initiativesDoing our part to give back.
At Top Tier, we know the importance of giving back. We would not be here without our community, and it's our responsibility to keep that community strong and healthy. During COVID-19, we pledged to donate our office expense savings to charitable organizations chosen by the TTCP team. In addition, we continue to partner with charitable organizations like New Door Ventures, Bay Area Deputy Sheriff's Charitable Foundation and Venture Forward.
Families of funds investing in global venture capital.
As an investor in venture funds, secondaries, and direct investments, Top Tier has a unique vantage point in the ecosystem. Our strategies are complementary, blending our investment expertise, long-standing relationships, and proprietary data to generate investment opportunities.
All Investments
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Velocity
Fund
Since 2009, our team has invested over $600M and partnered with over 55 venture-backed companies through preferred equity investments and secondaries. We take a flexible approach of leading or participating in mid-stage and growth-stage financing rounds. In addition, we purchase shares directly from early employees and management teams looking for liquidity. We strive to help management teams focus on execution and to act as a partner to shareholders.
What we look for
- Venture backed technology companies
- Mid-Stage companies at growth inflection point and growth stage companies ready to scale
- Exceptional leadership teams, differentiated technology, and ambitious growth endeavors.
Velocity Investments
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Acquired by AT&T
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IPO: PLAN
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IPO: CBLK; Acquired by VMware
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IPO: CHGG
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Acquired by Cognizant
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Acquired by Nvidia
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Acquired by Crossover
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Acquired by Upland Software
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Acquired by Verizon
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Acquired by F5 Networks
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IPO: SMAR
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Acquired by VMware & EMC Corporation
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IPO: ZUO
Venture Funds & Secondaries
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Direct Investments
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David York
Managing Director
David is Managing Director and member of the Investment Committee and Management Committee at Top Tier Capital Partners. He also leads the corporate development team and is responsible for the management, development, and growth of Top Tier's offerings.
The bottom line is, we show up. Our focus isn't just on the investment. It's on earning long-term respect through hard work and forging true partnerships with our investors and managers.
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Contact: Karina Berry, [email protected], 415.835.7492
Investment Affiliations
Disclosures
The information contained herein is not investment advice. Under no circumstances should any material at this site be used or considered as an offer to sell or a solicitation of any offer to buy an interest in any securities or investment fund. TTCP history includes a predecessor firm, of which current members of TTCP were part of the investment team. For more information, please see TTCP's ADV Brochure. View full disclosures.Recent Highlights
-
Blog
Top Tier Holiday Shopping Guide 2021
BlogTop Tier Holiday Shopping Guide 2021
With the holidays right around the corner, we here at TTCP thought we would try and take some of the stress out of your holiday shopping. Whether the recipient works in venture, tech, or just likes getting presents, any gift from this list is sure to please. We spent the whole year with our ears…
Continue Reading » -
Blog
Top Tier Quarterly Data Newsletter
BlogTop Tier Quarterly Data Newsletter
We began this data newsletter at the start of the Covid-19 pandemic in 1Q 2020. Top Tier Capital Partners (“TTCP”) believes data analytics can help marry science with the art of venture capital investing.
Continue Reading » -
Blog
Top Tier Quarterly Data Newsletter
BlogTop Tier Quarterly Data Newsletter
We began this data newsletter at the start of the Covid-19 pandemic in 1Q 2020. Top Tier Capital Partners (“TTCP”) believes data analytics can help marry science with the art of venture capital investing.
Continue Reading »
Contact Us
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San Francisco
600 Montgomery Street,
Suite 480
San Francisco, CA 94111- P: 415-835-7500
- F: 415-835-7501
The Transamerica Pyramid parking garage is accessible via Washington Street. Other nearby parking garages are City Park located on Clay at Sansome and on Montgomery at Merchant. -
Boston
One Marina Park Drive,
Suite 315
Boston, MA 02210- P: 415-835-7500
-
London
Henrywood House
2 Riding House Street
London W1W 7FA- P: +44 020 3714 4847
Office Hours
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