Friends & Family Capital Management, LLC

Private equity with venture activitySEC-registered adviserClassification probable· Menlo Park, Californiafafc.com

Friends & Family Capital is a venture capital firm started by the former CFO of Palantir Colin Anderson and second-generation venture capitalist John Fogelsong.

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

Reported fund assets
$516M
sum of its funds' Form ADV filings, last 30 months
New companies, 12 mo
None
Investment team
2
Latest vintage
2022
Contact decision makers
More
Ask DFX about thisView relationshipsFind contactsInvestments (1)Team (14)Funds
As of · the latest observation of this organization; filed figures are as of its latest Form ADV

11 additional team members, 17 additional co-investors and affiliates, 1 additional investment, fund or LP, 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. Last change: 11 Jun 2025, $125M reported sold so far.

People to know

View all people
  • Colin Anderson
    Managing Member
    Why: Named with investment responsibility
    No route on file yet
  • John Fogelsong
    Managing Member And Cco
    Why: Named with investment responsibility
    No route on file yet

Relationship network

38 connected entities

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
  • 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 Friends & Family Capital 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 Friends & Family Capital Management, LLC

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

Investing

1 company on record, 0 new in 12 months
Investments on record
1 company, 0 partner-attributed
No investment on record yet. Edges arrive from the firm’s portfolio page, financing announcements, and Form D board seats.
Stated thesis versus observed behaviour
1 observed deals
Stated (the firm’s website)
Sectors
ai, enterprise software, climate, energy, hardware, robotics, space, defense, logistics
Stages
seed
Geography
global, silicon valley
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 100%
lead rate no observed dealsfollow-on rate no observed dealsnew companies, 12 months 0

Team

14 current, 0 departed
Decision makers
who to call first, and why; then everyone else by function
  • Colin Anderson · Managing Member
    Why this person: Named with investment responsibility
  • John Fogelsong · Managing Member And Cco
    Why this person: Named with investment responsibility
Who else at this firm · 1 person, grouped by function
Finance, operations and compliance (1)
  • Joe Iantosca · Cyera CFO
    Why this person: Cyera CFO at the firm

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
14 current, 0 departed
Contacts
1 firm phone

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

Funds and LPs

4 vehicles, 0 LPs disclosed
Funds and vehicles
4 reported
VehicleTypeVintageLifecycleReported GAVOwnersForm D soldLatest Form D
Friends & Family Capital III, L.P.Feeder or parallel2022 form d first saleActive deployment$182M
Jun 17, 2026
168$125M
of $125M
Jun 11, 2025
Yukon River Capital, LLCFund · ADV: Other Private Fund2021 form d first saleMature$0
Jun 17, 2026
37$75.0M
of $75.0M
Mar 16, 2021
Friends & Family Capital II, L.P.Feeder or parallel2020 form d first saleMature$286M
Jun 17, 2026
127$38.8MAug 28, 2020
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

20 co-investors · on 1 other DFX graph
Co-investors
20 counted from shared deals, for the whole firm
Across DFX and the capital chainon 1 other DFX graph Show
Across DFX
  • The same institution is held on RIA and Wealth, matched by identifier. See which records
Across the graphs

Friends & Family Capital Management, LLC is the same institution as 1 record in RIA and Wealth.

RIA and Wealth1

The joined record opens with the product, beside every other relationship on this page.

Checking your plan…

Evidence and history

5 dated events, 72 observations from 3 sources
Timeline
5 dated events
  1. Mar 29, 2023
    Friends & Family Capital III, L.P. first reported on Form ADV by Friends & Family Capital Management, LLC (Venture Capital Fund), GAV $60,800,000
    Fund first reported on Form ADVFundsFactFriends & Family Capital III, L.P.Form ADV
  2. Mar 30, 2021
    Yukon River Capital, LLC first reported on Form ADV by Friends & Family Capital Management, LLC (Other Private Fund), GAV $75,000,000
    Fund first reported on Form ADVFundsFactYukon River Capital, LLCForm ADV
  3. Aug 28, 2020
    Friends & Family Capital Management, LLC first filed Form ADV (ERA)
    First SEC adviser filingOrganizationFactForm ADV
  4. Aug 28, 2020
    XYZ F&fc I, LLC first reported on Form ADV by Friends & Family Capital Management, LLC (Other Private Fund), GAV $9,100,000
    Fund first reported on Form ADVFundsFactXYZ F&fc I, LLCForm ADV
  5. Aug 28, 2020
    Friends & Family Capital II, L.P. first reported on Form ADV by Friends & Family Capital Management, LLC (Venture Capital Fund), GAV $47,783,000
    Fund first reported on Form ADVFundsFactFriends & Family Capital II, L.P.Form ADV
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed Jun 17, 2026 · 17 private fundsShow
Headquarters
Menlo Park, CAadviserinfo.sec.gov
Office address
unknownadviserinfo.sec.gov
Business phone
unknownadviserinfo.sec.gov
Website
fafc.com
SEC adviser type
Registered investment adviseradviserinfo.sec.gov
SEC exemption claimed
unknown
Latest Form ADV
Jun 17, 2026
Private funds reported
17 (2 venture capital funds)adviserinfo.sec.gov
Private fund gross assets, adviser total
$794Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
Regulatory AUM
$794Mthe adviser's RAUM, a regulatory measure, never a fund size
Employees
11
Classification history
Every classification this record has carried3 on recordShow
  1. Sep 23, 2026
    Private equity with venture activity (probable, 75%)
    Registered adviser; venture funds are 12% of 17 private funds
  2. Sep 12, 2026
    Private equity with venture activity (probable, 75%)
    Registered adviser; venture funds are 18% of 17 private funds
  3. Sep 12, 2026
    Private equity with venture activity (probable, 75%)
    Registered adviser; venture funds are 18% of 11 private funds
Evidence
81 observations from 3 sources
Every observation behind this profile, with its source, date and class
FactValueEffectiveClassSource
Why admittedVC funds reportedJun 17, 2026FactForm ADV
SEC adviser typeRegistered investment adviserJun 17, 2026FactForm ADV
SEC adviser typeRegistered investment adviserJun 17, 2026FactForm ADV
SEC adviser typeRegistered investment adviserJul 31, 2024FactForm ADV
First Form ADV filing2020-08-28Jun 17, 2026FactForm ADV
First Form ADV filing2020-08-28Jul 31, 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 filing2026-06-17Jun 17, 2026FactForm ADV
Latest Form ADV filing2026-06-17Jun 17, 2026FactForm ADV
Latest Form ADV filing2024-07-31Jul 31, 2024FactForm ADV
SEC statusApprovedJun 17, 2026FactForm ADV
SEC status effective2021-07-30Jun 17, 2026FactForm ADV
Venture share of reported funds0Jun 17, 2026FactForm ADV
Venture share of reported funds0Jul 31, 2024FactForm ADV
Business phoneJun 17, 2026FactForm ADV
Business phoneJul 31, 2024FactForm ADV
DescriptionSep 30, 2026Factno URL
DescriptionSep 16, 2026Factno URL
DescriptionSep 13, 2026Factno URL
Employees11Jun 17, 2026FactForm ADV
Employees8Jul 31, 2024FactForm ADV
HeadquartersMenlo Park, CAJun 17, 2026FactForm ADV
HeadquartersMenlo Park, CAJul 31, 2024FactForm ADV
Office addressJun 17, 2026FactForm ADV
Office addressJul 31, 2024FactForm ADV
Self-described typeVenture capitalSep 30, 2026Factno URL
Self-described typeVenture capitalSep 16, 2026Factno URL
Self-described typeVenture capitalSep 13, 2026Factno URL
Legal formLimited Liability CompanyJun 17, 2026FactForm ADV
Other funds reported15Jun 17, 2026FactForm ADV
Portfolio pageSep 30, 2026Factno URL
Portfolio pageSep 16, 2026Factno URL
Portfolio pageSep 13, 2026Factno URL
Private funds reported17Jun 17, 2026FactForm ADV
Private funds reported17Jun 17, 2026FactForm ADV
Private funds reported11Jul 31, 2024FactForm ADV
Private fund gross assets (reported)$794MJun 17, 2026FactForm ADV
Private fund gross assets (reported)$794MJun 17, 2026FactForm ADV
Private fund gross assets (reported)$335MJul 31, 2024FactForm ADV
Regulatory AUM (adviser, not fund size)$794MJun 17, 2026FactForm ADV
Regulatory AUM (adviser, not fund size)$335MJul 31, 2024FactForm ADV
Schedule a diffsadiff-1Jun 17, 2026FactForm ADV
Stated geographyGlobal, silicon valley
“geography words on the home page”
Sep 30, 2026Factno URL
Stated geographyGlobal, silicon valley
“geography words on the home page”
Sep 16, 2026Factno URL
Stated geographyGlobal, silicon valley
“geography words on the home page”
Sep 13, 2026Factno URL
Stated sectorsAI, enterprise software, climate, energy, hardware, robotics, space, defense, logistics
“sector words on the home page”
Sep 30, 2026Factno URL
Stated sectorsAI, enterprise software, climate, energy, hardware, robotics, space, defense, logistics
“sector words on the home page”
Sep 16, 2026Factno URL
Stated sectorsAI, enterprise software, climate, energy, hardware, robotics, space, defense, logistics
“sector words on the home page”
Sep 13, 2026Factno URL
Stated stagesseed
“stage words on the home page”
Sep 30, 2026Factno URL
Stated stagesseed
“stage words on the home page”
Sep 16, 2026Factno URL
Stated stagesseed
“stage words on the home page”
Sep 13, 2026Factno URL
Team pageSep 30, 2026Factno URL
Team pageSep 16, 2026Factno URL
Team pageSep 13, 2026Factno URL
Venture funds reported2Jun 17, 2026FactForm ADV
Venture funds reported2Jun 17, 2026FactForm ADV
Venture funds reported2Jul 31, 2024FactForm ADV
WebsiteJun 17, 2026FactForm ADV
WebsiteJul 31, 2024FactForm ADV
Website resolved domainSep 30, 2026Factno URL
Website resolved domainSep 16, 2026Factno URL
Website resolved domainSep 14, 2026Factno URL
Site titleSep 30, 2026Factno URL
Site titleSep 16, 2026Factno URL
Site titleSep 13, 2026Factno URL
How this is scored
Scores, classification basis and filing advisersPrivate equity with venture activity, probableShow
Importance
31
moderate
Active deployment
0
low
Emerging
0
low
Freshness
100
high
Private equity with venture activity · probableSEC registered investment adviser

Registered adviser; venture funds are 12% of 17 private funds

The inputs behind each score
importance
gav: $1 · funds: 0.17 · people: 0.16 · investments: 0 · scale basis: Venture-typed funds only (Private equity with venture activity): 2 funds, $468M of $516M reported · co investors: 0.53
active deployment
investments 12m: 0 · fund raising 18m: 0 · people joined 12m: 0 · vintage within 3y: 0 · latest investment at: not scored
emerging manager
fund count: 4 · reported gav: $516M · first adv filing: 2020-08-28 · years since first filing: 6.1

Fits, record history and connections

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

Record history

1 dated event on the change ledger, latest event first
  • Adviser's first ADV filing
    2020-08-28source 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.