First Generation
Capital.

About

Who we are

First Generation Capital is a single family office investing its own capital since 2018, in early-stage companies and with venture, private equity, real estate and hedge fund managers. We do not raise outside money. As a permanent capital vehicle with no fund cycle, we can hold investments for as long as they make sense.

We are a small team with a modest portfolio. Most of it is commitments to fund managers we have come to know over time; the rest is direct investments in early-stage companies, usually alongside people we already work with.

What we invest in

  • 01

    Startups

    Small direct cheques into early-stage companies, usually alongside a lead investor we know.

  • 02

    Private Equity

    Fund commitments and co-investments across buyout, growth and secondaries.

  • 03

    Venture Capital

    Limited partner commitments to seed and early-stage venture funds, including first-time managers.

  • 04

    Real Estate

    Residential and commercial property, through specialist funds and a small number of direct positions.

  • 05

    Hedge Funds

    A small allocation to liquid strategies alongside the private portfolio.

Portfolio · 2018 to 2026

Portfolio

Startups

Private Equity

  • Analog Partners 2025
  • Blue Owl Digital Infrastructure 2025
  • Clarion Capital 2023
  • Vantage Vehicle International 2023
  • Versa Gripps 2023
  • Bay Standard Manufacturing 2022
  • Omni Recycling 2022
  • FAT Projects Acquisition 2021
  • Salt Creek Capital 2021
  • Glendower Capital 2020
  • I Squared Capital 2020
  • Ingram Micro 2020
  • MSouth Equity Partners 2020
  • Platinum Equity 2020
  • Dyal Capital Partners 2019
  • Anacapa Partners 2018
  • Legacy Partners 2018
  • Lexington Partners 2018

Venture Capital

  • Access Fund 2026
  • Atinum Capital Partners 2026
  • Neuco 2025
  • 1984 Ventures 2021
  • Intudo Ventures 2021
  • Progression Fund 2019
  • Abstract Ventures 2018
  • Afore Capital 2018
  • Kearny Jackson 2018
  • YesVc 2018

Real Estate

  • KinKera 2024
  • Barwon Healthcare Property 2019
  • Blackstone 2019
  • Barwon First Mortgage 2018
  • Grubb Properties 2018

Hedge Funds