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- F Partners - July 11th, 2024
F Partners - July 11th, 2024
Chad Fox
July 11, 2024
F Partners is a Private Office that provides bespoke advice to Family Offices and Entrepreneurs.
We also invest opportunistically in our proprietary deal flow across the private markets.
Active deals
Opportunity: A fully regulated investment platform designed for experienced investors and beginners to trade and store virtual assets.
Description: We are a leading, fully regulated blockchain and crypto financial infrastructure company headquartered in the UAE.
In addition to our existing exchange operations, we intend on using our platform to its full advantage and begin offering digital futures, securities, commodities, FX, funds and private market products as an aggregated digital asset market on a direct and indirect basis. Our platform caters to both institutions and individuals across the world (excluding sanctioned countries and the US).
The firm has always been compliance-first focused and will continue to offer innovative products and services in a safe and bankable environment.
Opportunity: Private Credit - Fully Insured, Family Office Backed Copper Mining Project
Description: F Partners Investor Network has the opportunity to participate in the financing of a Copper Mining Project in South Africa which has already received its mining license and is ready to enter production.
This opportunity is already backed by one of F Partners’ close family office relationships. The principal amount and a 15% per annum return will be fully insured by a top London-based insurer.
Minimum Ticket: Direct checks available for $1M. Smaller checks will be grouped in an SPV. The family office is looking for co-investors for an additional $3M-$5M.
Opportunity: Top consumer-fintech based in MENA, backed by Tier 1 VCs, looking to connect with series B investors.
Description: Investment platform that empowers you to make informed and strategic long-term investment decisions. Access a comprehensive suite of products, cutting-edge tools, and real-time market insights to build your wealth aligned with your financial goals and values
Minimum Ticket: Request an introduction to learn more.
Active deals from our network
Ligo Partners is a single-family office run by Alec Andronikov (Principal) and Cindy Mihalova (Chief Investment Officer), based between Miami and New York.
Ligo Partners co-invest with our discrete and invitation-only consortium of like-minded investors into disruptive tech-focused deal flow sourced directly from family offices and top venture capital firms worldwide.
We co-invest based on our "3 lines of defense" strategy:
(1) the deal is led by a top venture capitalist or an investor in the Ligo family office community;
(2) our internal selection rate is <5% from 60+ deals sourced on average monthly;
(3) at least one of our co-investors has deep domain expertise or investment track record in the sector
Hence, 100% of our investments have a lead, are warmly referred, often proprietary and mostly off-market.
In parallel, Ligo Partners invest in tech debt financings; tech secondaries; roll-up strategies with a tech component; off-market real estate opportunities and investment funds that have successfully demonstrated at least a 1x DPI metric from prior performance.
Since 2022, Ligo Partners have deployed $455mm into 80 companies backed by tier-one investors;
7 investment funds anchored by tier-one sponsors - and successfully exited 10 venture-backed companies.
Opportunity: Soma Capital
Description: Soma Capital is an early-stage Silicon Valley VC firm investing in B2B software companies. With 3 successful funds under their belt, Soma is launching its 4 fund.
Aiming to be the #l seed VC in the world, they have already invested in 21 unicorns to date and generated 7x TVPI on their first two funds.
With $1B in AUM, between committed capital and SPVs, Soma is backed by top institutions including endowments, pensions, corporates, sovereigns, and a few legendary family offices and entrepreneurs including cofounders of Google, FB, the Altmans, Datadog, and DocuSign.
They created a unique sourcing, picking, and winning machine that has allowed them to consistently generate top 5% performance for their LPs, and get access to companies like Deel, Rippling, Razorpay, Ramp and Rappi at the earliest stages.
$50mm is open to the Ligo Network in a $200mm fund IV (75% of fund already closed).
Key Soma Highlights
- Early in 20+ unicorns like Deel (12b), Rippling (11b), Ramp (6b), Razorpay (8b) etc.
- 7x Fund I, 7x Fund II, deploying out of Fund Ill
- 500mm+ in LP co-invests in top winners
- Fortune 500 key connections (GP's father Vivek Ranadive built Tibco, 4.3B exit to Vista and seeded and mentored Google, Yahoo, Salesforce, Ebay, Steve Jobs etc.) and ownership of NBA team the Sacramento Kings
-#I ranked Y Combinator investor, midas list member, and recognized top in AI
Opportunity: Argonautic Ventures Fund IV
Description: Founded in 2016, Argonautic is an Al-focused early-stage fund based in Seattle. Tracking top 3% performance by vintage, fund I generated 8x TVPI and 10x TVPI on fund II, all while maintaining sub-12% dilution.
Backed by 35 of the 75 largest families in Asia and the Middle East, including those behind Samsung, LG, and Hyundai. Argonautic currently manages over $750mm of AUM.
Focused on AI infrastructure and industry-specific applications with domain-specific data sets, Argonautic deploys capital with an eye toward Fintech, Proptech, and Computational Biotech (areas where Al generates the highest shift in performance). Their outstanding performance is underpinned by a highly quantitative and rules-based vetting and portfolio construction process that only passes companies with rapid early traction and expansion.
Argonautic has $50mm open on a $150mm flagship early-stage Fund III and $100mm open on a $300mm later-stage opportunity fund
Key Argonautic Highlights
Argonautic is part of the MSFT/META/Berkeley SkyDeck/Ai2 ecosystems of labs and incubators.
Argonautic is focused on portfolio construction. They build high probability of exit portfolios comprised of fundamentally driven AI companies with extremely high KPIs at seed.
2016 Vintage, 750M AUM, 32 people, 17 investment professionals, backed 140+ companies, 25 exits, tracking returns of 8x fund 1 40% gross IRR and 10x fund 2 80% gross IRR.
Heavily rule based algorithmic deployment. 60 percent of their positions are entered into at less than 10M in valuation with 1-5M in revenue at 90%+ gross margin and 115%+ net dollar retention at the seed stage.
Provide significant co-investment opportunities to their LPs into the biggest winners
Opportunity: Innovative Growth Capital (IGC)
Description: Healthtech VC fund with a 6.56x DPI historical track record
The IGC Fund invests in new breakthrough technology and software in the health, wellness, and cognitive and physical resiliency space. IGC builds toward great equity returns by having relationships with corporate customers, acquirers, and co-investors in rising markets. The fund helps to catalyze strong valuation returns by starting with corporate interest and introducing major revenue opportunities for prospective portfolio companies.
Track record:
• Historical DPI over 6.5x and MOIC over 6.7x
• $61M previously invested, $413M in value to previous stakeholders
• Generated >$5.0b in outcomes and shareholder returns
• From 22 direct investments, achieved 4 IPOs and 17 acquisitions
They use a unique "Reverse VC" model, reverse engineering wins through commercialization, acquirer relationships, revenue activation, signal-based selection, and curated deal flow. This model has led to IGC partners consistently generating high MOIC and faster DPI for their LPs
$15mm is open in a $50mm fund
Key IGG Highlights
Early investors in the core technology underlying the Apple iPhone and iPod, Xbox Kinect gaming platform, as well as Al and Data Science
Sold a portfolio company to Sun Microsystems for $2.2b, with a majority of the porto's early revenue driven by 2 of the fund's LPs, Mitsui and Mitsubishi
GP invested in, built, and ran one of the first Al / data science unicorns ($8.7mm seed investment to $1b sale in 18 months)
Returned capital for large corporate LP investors, including Mitsui, Mitsubishi, Panasonic, JP Morgan Chase, Siemens, Thomson, Thales, EDF, NTT, and EIF
Opportunity: BlitzScaling
Description: Reid Hoffman anchored Bay Area-based Al VC fund
Founded by author, entrepreneur, angel investor, and Silicon Valley "Insider" Chris Yeh, Blitzscaling Ventures ("BV") invests in and advises first-movers at scale who can dominate valuable winner-take-most markets.
Reid Hoffman is the firm's charter investor and advisor. BV employs the concepts Reid has used to create $1.5 trillion in value both as a founder and an investor in companies such as Facebook, Linkedln, Airbnb and OpenAl, amongst others.
By leveraging the global blitzscaling brand and running dozens of Al events around the world, including the famous Llama Lounge in Silicon Valley (created by Blitzscaling Al Fund GP Jeremiah Owyang), BV sources thousands of early-stage AI startups per year. The firm uses its seven-element Blitzscalability Scorecard to identify the top 5% of those startups for deeper due diligence. Founders bring BV on to their cap table in their pre-seed, seed, or Series A round to access Chris Yeh's scaling advice and to connect with BV's powerful Al community of startups, corporates, and VCs.
BV is targeting $50 million for its Blitzscaling Al Fund. The firm has already made its first two investments (a Google spinout and a General Catalyst/Amazon/ Samsung deal, and will hold its next close in Q3 2024.
Resources for investors and founders:
Deal Memos
Investor Relations
Pitch Practice
Deck/Deal Room Review
Custom Deal Sourcing
Advisory hours 🗓
Chad Fox is an advisor to entrepreneurs and family offices through his firm F Partners. Chad has a global network that spans from North America to the Middle East and can help you with formation, fundraising, business development, and all the challenges that come with building an early-stage company. He is a qualified lawyer, angel investor, and venture capitalist.
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