Frist Cressey Ventures Management, LLC logo

Frist Cressey Ventures Management, LLC

Institutional venture firmSEC venture capital fund adviser· Nashville, Tennesseefcventures.com

Frist Cressey Ventures is a venture capital firm on a mission to accelerate the growth of companies changing the face of healthcare.

In the firm's own words, from its website.

Reported fund assets
$946M
sum of its funds' Form ADV filings, last 30 months
New companies, 12 mo
None
Investment team
12
Latest vintage
2024
As of · the latest observation of this organization; filed figures are as of its latest Form ADV

16 additional team members, 3 additional investments, funds and LPs, 6 events, 1 verified contact (1 firm phone)

Every relationship, signal and contact on this record, with the source on each.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Nothing material in the last 180 days.

People to know

View all people
  • CO-FOUNDER & MANAGING PARTNER
    Why: Managing partner: runs the firm
    No route on file yet
  • Partner
    Why: Partner: part of the investment decision
    No route on file yet
  • Partner
    Why: Partner: part of the investment decision
    No route on file yet

Relationship network

29 connected entities4 observed rounds1 repeat counterparty1 dated round shown here, 2023

From financing rounds and every investor named in them, Form ADV and Form D filings, the firm's funds and team, and disclosed LP commitments in the venture capital graph. A round's amount is the size of the round, not money that moved between two investors.

Some relationships on this record are counted rather than named here. They open with the full profile.

Click any name or line for the rounds and sources behind it. Line weight is rounds together; dashed lines are inferred.

Reading the network
  • Sponsor
  • Company
  • Fund or vehicle
  • Person

Co-investors are read from the rounds: three or more shared rounds is a strong observed relationship, two a repeat co-investor, one a single round. Funds and people are structural. Nothing is scored that a reader cannot check.

Darker lines were active in the last 24 months or are current; lighter lines are older or undated.

How am I connected?

Name your firm, a company or a person, and DFX finds the published routes to Frist Cressey Ventures Management, LLC: a shared portfolio company or board, a prior employer, a co-investor, a shared LP or service provider. Every step is a filed or published record with its source; none is a guess about who knows whom.

See how you connect to Frist Cressey Ventures Management, LLC

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Investing

4 companies on record, 0 new in 12 months
Investments on record
4 companies, 6 partner-attributed
CompanyRoundRolePartnerRound sizeThis investorDateSource
Thrive Health Tech, Inc.board seatunknown · boardNavid Farzad (strongly supported)unknownunknownAug 21, 2025Inference Form D
Praia Health Inc.board seatunknown · boardNavid Farzad (strongly supported)unknownunknownApr 16, 2024Inference Form D
Opry Investment Holdings I, LLCForm D equity offeringunknownWilliam Harrison Frist (strongly supported)$84.6M
form d sold
unknownJun 26, 2023Inference Form D
Stated thesis versus observed behaviour
6 observed deals
Stated (the firm’s website)
Sectors
ai, healthcare, consumer
Stages
not stated or not yet read
Geography
new york
Check size
not stated; DFX does not estimate checks from round sizes
Self-described
venture capital
Observed (from deals on record)
Stage at participation: no observed deals yet
Stage at first entry: no observed deals yet
Sectors
unknown 50%Other Technology 50%
lead rate no observed dealsfollow-on rate 50%new companies, 12 months 0

Team

20 current, 1 departed
Decision makers
who to call first, and why; then everyone else by function
  • Senator Bill Frist · CO-FOUNDER & MANAGING PARTNER
    Why this person: Managing partner: runs the firm; Named with investment responsibility
  • Navid Farzad · Partner
    Why this person: Partner: part of the investment decision; Named with investment responsibility
  • William Harrison Frist · Partner
    Why this person: Partner: part of the investment decision; Named with investment responsibility

Ranked by the role the firm or its filing states, a route on file and deals led. Every reason is read from the record, never inferred. Routes are published by the person or the firm (their bio, the team page or a filing) and are revealed on a plan; data bought from a provider is never shown, and a route printed at a firm the person has since left is held back.

Investment team
20 current, 1 departed
1 departed (kept with end dates)
Contacts
1 firm phone

1 firm phone on record, each with its source. Values open with the complete profile.

Funds and LPs

5 vehicles, 0 LPs disclosed
Funds and vehicles
5 reported
VehicleTypeVintageLifecycleReported GAVOwnersForm D soldLatest Form D
Frist Cressey Co-Invest, LLCSPV or co-invest vehicle2023 adv first reportedNewly closed$69.9M
Mar 17, 2026
47$2.6M
of $2.6M
Oct 15, 2024
Frist Cressey Ventures Fund III Qp, LPFeeder or parallel2021 form d first saleMature$332M
Mar 17, 2026
190$261M
of $300M
Apr 15, 2022
Frist Cressey Ventures Fund III, LPFund2021 form d first saleMature$30.5M
Mar 17, 2026
18$15.8M
of $300M
Apr 15, 2022
Limited partners
0 LPs, 0 disclosed commitments
No LP commitment on record. An LP edge needs a public disclosure with a quote: a pension report (see Limited partners for the plans read), a fund announcement naming the LP, or a Form ADV owner. The fund page carries the LP’s reported performance.
Known LPs and allocators
0 relationships across the firm's funds, from public pensions and the allocator graph
No allocator names this firm or its funds in a public disclosure DFX holds.

Relationships across DFX

1 co-investors
Co-investors
1 counted from shared deals, for the whole firm

Evidence and history

11 dated events, 57 observations from 3 sources
Timeline
11 dated events
  1. Mar 17, 2026
    Frist Cressey Ventures Fund IV, LP first reported on Form ADV by Frist Cressey Ventures Management, LLC (Venture Capital Fund), GAV $2,643,034
    Fund first reported on Form ADVFundsInferenceFrist Cressey Ventures Fund IV, LPForm ADV
  2. Mar 17, 2026
    Frist Cressey Ventures Fund IV Qp, LP first reported on Form ADV by Frist Cressey Ventures Management, LLC (Venture Capital Fund), GAV $474,384,974
    Fund first reported on Form ADVFundsInferenceFrist Cressey Ventures Fund IV QP, LPForm ADV
  3. May 2, 2024
    Christopher Alan Booker (Partner) no longer on Schedule A of Frist Cressey Ventures Management, LLC
    Person leftPeopleInferenceChristopher Alan BookerForm ADV
  4. May 1, 2024
    Mark Tipps joined Schedule A of Frist Cressey Ventures Management, LLC as Chief Compliance Officer
    Person joinedPeopleFactMark TippsForm ADV
  5. Mar 14, 2023
    Frist Cressey Co-Invest, LLC first reported on Form ADV by Frist Cressey Ventures Management, LLC (Venture Capital Fund), GAV $26,982,306
    Fund first reported on Form ADVFundsFactFrist Cressey Co-Invest, LLCForm ADV
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed Mar 17, 2026 · 7 private fundsShow
Headquarters
Nashville, TNadviserinfo.sec.gov
Office address
unknownadviserinfo.sec.gov
Business phone
unknownadviserinfo.sec.gov
SEC adviser type
Exempt reporting adviseradviserinfo.sec.gov
SEC exemption claimed
Venture capital fund adviseradviserinfo.sec.govItem 2.B(1): advises solely venture capital funds
Latest Form ADV
Mar 17, 2026
Private funds reported
7 (7 venture capital funds)adviserinfo.sec.gov
Private fund gross assets, adviser total
$1.4Badviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
Classification history
Every classification this record has carried3 on recordShow
  1. Sep 23, 2026
    Institutional venture firm (confirmed, 95%)
    Venture manager, reported GAV $946M across 6 vehicles
  2. Sep 12, 2026
    Institutional venture firm (confirmed, 95%)
    Venture manager, reported GAV $756M across 6 vehicles
  3. Sep 12, 2026
    Institutional venture firm (confirmed, 95%)
    Venture manager, reported GAV $756M across 5 vehicles
Evidence
57 observations from 3 sources
Every observation behind this profile, with its source, date and class
FactValueEffectiveClassSource
Why admittedVC exemption, VC funds reportedMar 17, 2026FactForm ADV
SEC exemption claimedVenture capital fund adviserMar 17, 2026FactForm ADV
SEC exemption claimedVenture capital fund adviserMay 2, 2024FactForm ADV
SEC adviser typeExempt reporting adviserMar 17, 2026FactForm ADV
SEC adviser typeExempt reporting adviserMar 17, 2026FactForm ADV
SEC adviser typeExempt reporting adviserMay 2, 2024FactForm ADV
First Form ADV filing2019-01-30Mar 17, 2026FactForm ADV
First Form ADV filing2019-01-30May 2, 2024FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-29Sep 30, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-25Sep 26, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-23Sep 24, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-21Sep 23, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-22Sep 23, 2026FactForm ADV
Adv history loadedadv-hist-1Sep 12, 2026FactForm ADV
Latest Form ADV filing2026-03-17Mar 17, 2026FactForm ADV
Latest Form ADV filing2026-03-17Mar 17, 2026FactForm ADV
Latest Form ADV filing2024-05-02May 2, 2024FactForm ADV
SEC statusERA - ActiveMar 17, 2026FactForm ADV
SEC status effective2019-01-30Mar 17, 2026FactForm ADV
Venture share of reported funds1Mar 17, 2026FactForm ADV
Venture share of reported funds1May 2, 2024FactForm ADV
Business phoneMar 17, 2026FactForm ADV
Business phoneMay 2, 2024FactForm ADV
DescriptionSep 16, 2026Factno URL
HeadquartersNashville, TNMar 17, 2026FactForm ADV
HeadquartersNashville, TNMay 2, 2024FactForm ADV
Office addressMar 17, 2026FactForm ADV
Office addressMay 2, 2024FactForm ADV
Self-described typeVenture capitalSep 16, 2026Factno URL
Legal formLimited Liability CompanyMar 17, 2026FactForm ADV
Legal formLimited Liability CompanyMay 2, 2024FactForm ADV
Private funds reported7Mar 17, 2026FactForm ADV
Private funds reported7Mar 17, 2026FactForm ADV
Private funds reported5May 2, 2024FactForm ADV
Private fund gross assets (reported)$1.4BMar 17, 2026FactForm ADV
Private fund gross assets (reported)$1.4BMar 17, 2026FactForm ADV
Private fund gross assets (reported)$756MMay 2, 2024FactForm ADV
Schedule a diffsadiff-1Mar 17, 2026FactForm ADV
Stated geographynew york
“geography words on the home page”
Sep 16, 2026Factno URL
Stated sectorsAI, healthcare, consumer
“sector words on the home page”
Sep 16, 2026Factno URL
Team pageSep 16, 2026Factno URL
Venture funds reported7Mar 17, 2026FactForm ADV
Venture funds reported7Mar 17, 2026FactForm ADV
Venture funds reported5May 2, 2024FactForm ADV
WebsiteMar 17, 2026FactForm ADV
WebsiteMay 2, 2024FactForm ADV
Site titleSep 16, 2026Factno URL
How this is scored
Scores, classification basis and filing advisersInstitutional venture firm, confirmedShow
Importance
44
elevated
Active deployment
25
moderate
Emerging
0
low
Freshness
100
high
Institutional venture firmSEC exempt reporting adviser

Venture manager, reported GAV $946M across 6 vehicles

The inputs behind each score
importance
gav: $1 · funds: 0.5 · people: 0.64 · investments: 0.29 · co investors: 0
active deployment
investments 12m: 0 · fund raising 18m: 0 · people joined 12m: 0 · vintage within 3y: 1 · latest investment at: 2025-08-21
emerging manager
fund count: 6 · reported gav: $946M · first adv filing: 2019-01-30 · years since first filing: 7.7

Fits, record history and connections

scored matches for this investor, every identity change, every edge

Fits

3 scored matches, best firstas of
  • score 44.7confidence 100%
    Why: sector fit; geography fit; activity; analogous
    Watch: adjacent portfolio
  • score 44.7confidence 100%
    Why: sector fit; geography fit; activity; analogous
    Watch: adjacent portfolio
  • score 44.7confidence 100%
    Why: sector fit; geography fit; activity; analogous
    Watch: adjacent portfolio

Scored by DFX match engines from the record's observed portfolio, stage, geography and recent activity. A fit is a reason to look, not a mandate; the blockers say what the model could not confirm. Names and the evidence sentences show with the names on this page.

Record history

1 dated event on the change ledger, latest event first
  • Adviser's first ADV filing
    2019-01-30source on record

The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.