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.
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Firms / F••••• P•••••••• L••
F••••• P•••••••• L••
Private equity with venture activity · probableWesterly, RIf•••••••••.comSEC registered investment adviser
F••••• Partners is a middle-market private equity investment firm focused on US-based businesses. Typical investment sizes range from $15 to $50 million.
registered adviser; venture funds are 0% of 2 private funds
Importance
22
moderate
Active deployment
0
low
Emerging
0
low
Completeness
75
high
Freshness
99
high
Research priority
3
low
Identity and regulatory footprint
- Headquarters
- Westerly, RIadviserinfo.sec.gov
- Office address
- 108 AIRPORT ROAD - SUITE 103, Westerly, RI, 02891adviserinfo.sec.gov
- Business phone
- 212-698-9400adviserinfo.sec.gov
- Website
- f•••••••••.com
- SEC adviser type
- registered investment adviseradviserinfo.sec.gov
- SEC exemption claimed
- unknown
- Latest Form ADV
- Mar 28, 2024
- Private funds reported
- 2 (0 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $414Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- Regulatory AUM
- $414Mthe adviser's RAUM, a regulatory measure, never a fund size
- Employees
- 3
- business email
- info@fenwaypartners.comfenwaypartners.compublished by the subject
- business email
- gsmart@fenwaypartners.comfenwaypartners.compublished by the subject
- business email
- jbalfour@fenwaypartners.comfenwaypartners.compublished by the subject
- business email
- plamm@fenwaypartners.comfenwaypartners.compublished by the subject
- business email
- wwiacek@fenwaypartners.comfenwaypartners.compublished by the subject
- business phone
- 212-698-9400adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
1 observed deals
Stated (the firm’s website)
- Sectors
- not stated or not yet read
- Stages
- not stated or not yet read
- Geography
- boston, new york, united states
- Check size
- not stated; DFX does not estimate checks from round sizes
Observed (from deals on record)
Stage at participation: no observed deals yet
Stage at first entry: no observed deals yet
Sectors
Other 100%
lead rate n/afollow-on rate n/anew logos, 12 months 0
Funds and vehicles
3 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| N• I••• L••• | Fund · ADV: Private Equity Fund | 2019 form d first sale | Mature | $273M Mar 28, 2024 | 22 | $68.1M of $68.1M | Apr 2, 2020 |
| F••••• P••••••• C•••••• F••• I•• | Fund | 2006 lp reported | Harvest | unknown | unknown | unknown | unknown |
| F••••• P••••••• C•••••• F••• I•• L••• | Fund · ADV: Private Equity Fund | unknown | Unknown | $141M Mar 28, 2024 | 11 | 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
3 current, 2 departed
P•••• L•••
PartnerManaging Director, Member · since Jan 1, 2008
W•••••• G•••••• S••••
PartnerManaging Director, Member · since Jan 1, 2008
W••••• J••• W•••••
Platform and operationsVice President, Chief Financial Officer, Chief Compliance Officer · since Jan 1, 2008
2 departed (kept with end dates)
- R•••••• D••••••• · Managing Director, Member · Jan 1, 2008 to Mar 4, 2020 Inference
- T•••••• P•••• M••••• · Managing Director · Jan 1, 2008 to Feb 7, 2013 Inference
Investments on record
1 edges, 1 companies, 1 partner-attributed
| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| P••••• M•••••• C••• | board seat | unknown · board | W•••••• G•••••• S•••• (strongly supported) | unknown | unknown | Dec 17, 2024 | Inference SEC EDGAR Form D data sets (quarterly) |
“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
0 relationships from shared deals, counted for the whole firm
No co-investor relationship yet: these are derived only from rounds and portfolio listings the graph has seen both investors on.
Limited partners
3 disclosed
Timeline
6 dated events
- Mar 31, 2026OPERF reports F••••• P••••••• C•••••• F••• I••: $50,000,000 committed, vintage 2006, net IRR 7.0%, 1.49x
- Mar 4, 2020N• I••• L••• first reported on Form ADV by F••••• P•••••••• L•• (Private Equity Fund), GAV $98,000,000Fund first reported on Form ADVFundsFactN• I••• L•••SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 4, 2020R•••••• Conrad D••••••• (Managing Director, Member) no longer on Schedule A of F••••• P•••••••• L••
- Feb 7, 2013T•••••• P•••• M••••• (Managing Director) no longer on Schedule A of F••••• P•••••••• L••
- Feb 14, 2012F••••• P•••••••• L•• 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)
- Feb 14, 2012F••••• P••••••• C•••••• F••• I•• L••• first reported on Form ADV by F••••• P•••••••• L•• (Private Equity Fund), GAV $249,000,000Fund first reported on Form ADVFundsFactF••••• P••••••• C•••••• F••• I•• L•••SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Classification history
- Sep 12, 2026Private equity with venture activity (probable, 75%, cls-1)registered adviser; venture funds are 0% of 2 private funds
Evidence
50 observations from 2 sources