DFX Intelligence
Venture Capital Intelligence
Firms, funds, partners, companies and rounds from sworn filings, firm sites and announcements, kept as a graph with a date and a source on every edge. Facts, inferences and estimates are labelled as such. A fund target is never a close, GAV is never dry powder, and a round size is never an investor’s check.
Firms / Valor Equity Partners
Valor Equity Partners
corporate parent: Valor Holdings Corp.
Importance
42
elevated
Active deployment
55
elevated
Emerging
0
low
Completeness
81
high
Freshness
100
high
Research priority
18
moderate
Identity and regulatory footprint
- Headquarters
- Chicago, ILadviserinfo.sec.gov
- Office address
- 320 N SANGAMON STREET, SUITE 1200, Chicago, IL, 60607adviserinfo.sec.gov
- Business phone
- 312-683-1900adviserinfo.sec.gov
- Website
- HTTP://WWW.VALOREP.COM
- SEC adviser type
- registered investment adviseradviserinfo.sec.gov
- SEC exemption claimed
- unknown
- Latest Form ADV
- Apr 29, 2026
- Private funds reported
- 54 (1 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $64Badviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- Regulatory AUM
- $59Bthe adviser's RAUM, a regulatory measure, never a fund size
- Employees
- 104
- Owners on Schedule A
- Valor Funds Group LLC (General Partner), F; Valor Management L.P. (Member), E; Valor Holdings Corp. (Member), E
- business phone
- 312-683-1900adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
54 observed deals
Stated (the firm’s website)
- Sectors
- space, logistics, industrial
- Stages
- early
- Geography
- not stated
- Check size
- not stated; DFX does not estimate checks from round sizes
Observed (from deals on record)
Stage at participation
series b 75%series d plus 25%
Stage at first entry
series b 67%series d plus 33%
Sectors
unknown 75%Other Technology 12%Other 8%Retailing 2%Biotechnology 2%Environmental Services 2%
lead rate 50%follow-on rate 25%new logos, 12 months 50
site says seed/early; 100% of first entries on record are Series B or later
Funds and vehicles
5 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Valor R&d Seed, LLC | Seed fund | 2024 adv first reported | Early deployment | $10.0M Sep 4, 2024 | 17 | unknown | unknown |
| Valor Equity Partners VI L.P | Fund | 2023 lp reported | Active deployment | unknown | unknown | unknown | unknown |
| Valor Equity Partners V, L.P | Fund | 2021 lp reported | Mature | unknown | unknown | unknown | unknown |
| Valor Equity Partners IV L.P | Fund | 2017 lp reported | Harvest | unknown | unknown | unknown | unknown |
| Valor Vc, LLC | Fund | 2016 adv first reported | Harvest | $330M Sep 4, 2024 | 29 | unknown | unknown |
GAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.
Investment team
24 current, 3 departed
Donald Penn
AssociateAssociate Counsel
Anni Ylagan
Operating partnerOperating Partner
David Heskett
Operating partnerOperating Partner
Jason Appelbaum
Operating partnerOperating Partner
Manuel Pantelias Garces
Operating partnerOperating Partner
Philippe El Khazen
Operating partnerOperating Partner
Timothy Watkins
Operating partnerOperating Partner
Antonio Gracias
PartnerFounder, Chief Executive Officer & Chief Investment Officer
Bradley Sheftel
PartnerPartner
Christopher Cavoli
PartnerPartner
Christopher Murphy
PartnerPartner
Jonathan Shulkin
PartnerPartner, Co-President And Treasurer · since Jan 1, 2003
Jonathan Shulkin
PartnerPartner and Co-President
Juan Alfonso Sabater
PartnerPartner, Co-President · since Jun 1, 2010
Juan Sabater
PartnerPartner and Co-President
Vivek K. Pattipati
PartnerPartner
Anne Dean
Platform and operationsChief Financial Officer
Cassie Hyun Chung Peterson
Platform and operationsChief Compliance Officer · since Feb 1, 2023
Cassie Peterson
Platform and operationsChief Compliance Officer
Dean Marie Anne
Platform and operationsChief Financial Officer · since Sep 1, 2022
Jamie Eden
Platform and operationsGeneral Counsel
Stephen Swanson
Platform and operationsChief Legal Officer
Stephen William Swanson
Platform and operationsChief Legal Officer · since Aug 1, 2021
Antonio Jose Gracias
PrincipalSole Shareholder; Sole Director · since Dec 1, 2019
3 departed (kept with end dates)
- Anne Marie Morley · Chief Financial Officer · Jan 1, 2020 to Oct 2, 2023 Inference
- Nancy Louise Kowalczyk · Chief Compliance Officer · Dec 1, 2017 to Jun 9, 2022 Inference
- Susan Shawky Hassan · Partner & General Counsel · Sep 1, 2015 to Nov 14, 2017 Inference
Investments on record
54 edges, 52 companies, 4 partner-attributed
“This investor” is the amount disclosed for this investor alone; it is unknown unless a source said it. The round size is the whole round.
Co-investors
40 relationships from shared deals, counted for the whole firm
137 Ventures Management, LLC 4 shared · strongManhattan West Asset Management, LLC 3 shared · recurringCollaborative Fund Management LLC 3 shared · recurringmark vc 3 shared · recurringHuman Capital 2 shared · recurringUnion Square Ventures 2 shared · recurringEthos Manager LLC 2 shared · recurringAvenir Management Company, LLC 2 shared · recurringAnthemis 2 shared · recurringHack Vc Management, LLC 2 shared · recurringGlynn Capital Management, LLC 2 shared · recurringLerer Hippeau Ventures Management, LLC 2 shared · recurringNightdragon Management Company, LLC 2 shared · recurringA.capital Ventures 2 shared · recurringK5 2 shared · recurringSweetwater Private Equity 1 shared · one timeEnergy Transition Ventures, LLC 1 shared · one timeRepublic 1 shared · one timeChampion Hill Labs, LLC 1 shared · one timeActivate Capital Partners 1 shared · one timeAIR Street Capital II LP 1 shared · one timeVenrex Investment Management LLP 1 shared · one timeFika Ventures 1 shared · one timePillar Companies Management, LLC 1 shared · one timePathbreaker Ventures II, LLC 1 shared · one time · we led 1Katalyst.ventures 1 shared · one timeWorking Capital 1 shared · one time · we led 1G Squared Equity LLC 1 shared · one timeCross Creek Advisors, LLC 1 shared · one timeHOF Capital 1 shared · one timeRadical Ventures 1 shared · one timeEmergence Equity Management, Inc 1 shared · one timeHeadline 1 shared · one timeSolari Capital Management LLC 1 shared · one timeAlkeon Capital Management, LLC 1 shared · one timeCorazon Group LLC 1 shared · one timeWonder Ventures Management, LLC 1 shared · one timeAccess Ventures 1 shared · one timeA-Star Partners, LLC 1 shared · one timeAlpha Partners Management, LLC 1 shared · one time
Limited partners
6 disclosed
- California Public Employees' Retirement System in Valor Equity Partners IV L.P $75.0M calpers.ca.gov
- California Public Employees' Retirement System in Valor Equity Partners VI L.P $300M calpers.ca.gov
- California State Teachers' Retirement System in Valor Equity Partners IV L.P $40.0M calstrs.com
- California State Teachers' Retirement System in Valor Equity Partners V, L.P $40.0M calstrs.com
- California State Teachers' Retirement System in Valor Equity Partners VI L.P $40.0M calstrs.com
- New York State Common Retirement Fund in Valor Equity Partners V, L.P $20.0M osc.ny.gov
Timeline
13 dated events
- Sep 16, 2026Weka.io no longer listed on Valor Equity Partners's portfolio pageRemoved from portfolio pagePortfolioInferenceWeka.ioVenture organization websites (about, team, portfolio, thesis, news pages)
- Mar 30, 2024Valor R&d Seed, LLC first reported on Form ADV by Valor Equity Partners (Venture Capital Fund), GAV $10,036,427Fund first reported on Form ADVFundsFactValor R&d Seed, LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Oct 2, 2023Anne Marie Morley (Chief Financial Officer) no longer on Schedule A of Valor Equity Partners
- Feb 1, 2023Cassie Hyun Chung Peterson joined Schedule A of Valor Equity Partners as Chief Compliance Officer
- Sep 1, 2022Dean Marie Anne joined Schedule A of Valor Equity Partners as Chief Financial Officer
- Jun 9, 2022Nancy Louise Kowalczyk (Chief Compliance Officer) no longer on Schedule A of Valor Equity Partners
- Aug 1, 2021Stephen William Swanson joined Schedule A of Valor Equity Partners as Chief Legal Officer
- Jan 1, 2020Anne Marie Morley joined Schedule A of Valor Equity Partners as Chief Financial Officer
- Dec 1, 2017Nancy Louise Kowalczyk joined Schedule A of Valor Equity Partners as Chief Compliance Officer
- Nov 14, 2017Susan Shawky Hassan (Partner & General Counsel) no longer on Schedule A of Valor Equity Partners
- Mar 29, 2016Valor Vc, LLC first reported on Form ADV by Valor Equity Partners (Venture Capital Fund), GAV $54,884,729Fund first reported on Form ADVFundsFactValor Vc, LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Sep 1, 2015Susan Shawky Hassan joined Schedule A of Valor Equity Partners as Chief Compliance Officer
- Feb 13, 2012Valor Equity Partners first filed Form ADV (IA)First SEC adviser filingOrganizationFactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Classification history
- Sep 12, 2026Corporate venture (probable, 80%, cls-1)corporate parent: Valor Holdings Corp.
Evidence
77 observations from 3 sources