First Close Partners

First Close Partners is a New York-based fund of funds established in 2020 that focuses on investing in venture capital firms led by underrepresented managers (URMs). The company aims to support URMs, including individuals from communities of color, women, LGBTQIA+ individuals, Indigenous people, and those with disabilities, by providing capital to help these funds reach their initial fundraising targets, known as "first close." First Close Partners primarily invests in venture capital funds located in the United States, Europe, and Africa, contributing to the diversification of the venture capital landscape by empowering historically underrepresented groups in the industry.