//OUR VISION

Best-in-class solo capitalist collaboration model at-scale

Nick Candito

Co-Founder
  • Founder/CEO of Progressly (acquired $BOX, May 2018) and early leader at RelateIQ (acquired by $CRM, August 2014)
  • Active investor in 100+ startups with 13.875 unicorns
  • Lives in San Mateo, California with his wife Trish and their three daughters: Charlie (4), Mila (2), and Cam (newborn)

Sunil Pai

Co-Founder
  • GP and Founder Products at AngelList Venture
  • Previously, VC investor at Threshold (formerly Draper Fisher Jurvetson, DFJ)
  • Scout for Lightspeed Venture Partners
  • Investor in 30+ startups, including 4 unicorns

- THE STORY ABOUT -

A Circle of Friends

Nick and Sunil first met at RelateIQ in 2014.

After several co-investments and collaborations, we began hosting angel investor dinners together in 2018. The topic of discussion seemed to always repeat itself – picking elite companies at the earliest stages was meant to be the hardest part of the job, not raising SPVs for follow-on rounds. Why was it so time-consuming to raise and deploy capital into breakout companies?

With “a circle of friends” (ACOF) we posed the question, what if there was a pooled vehicle that select managers could invest from? We called it the first "collaborative" opportunity fund.

This novel investment model would enable managers to deploy more capital into their top companies from a collective fund, rather than raising individual SPVs.

Shortly after launching this unique model, several anchor investors (Jordan Park, Seafront Capital, and Fortitude Family Office) lined up to join as Limited Partners.

A generalist opportunity fund composed of thematic specialists – not anchored to any one player and consistently seeing the best deal access across the venture ecosystem.

For our investors, this is an innovative approach to working with proven emerging managers and maintaining steady exposure to the top technology breakout winners each year.

Over the next decade, we intend to work with 25 emerging managers and assemble a top-performing portfolio of 300+ companies. We hope you'll join along for the ride!

Photo

Our Managers

2022
Kat Cole
2021
2022
Anthony Pompliano
2021
2022
Sriram Krishnan
2021
Cindy Bi
2021
Jens Lapinski
2022
Timothy Chen
ABOUT

Manager Selection Edge

Each year, ACOF considers hundreds of managers and selects an exclusive and diverse team.

- Platform data
- Deep network relationships
- Track record review/performance
- Team composition & thematic focus
60
Investments
$3,581,430
Contributed
$11,031,938
Current Value
3.08x
Multiple
46.7%
IRR
1.72
6.9
2018
1.26
3.3
2019
1.1
3.8
2020
1.06
2.2
2021

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