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 / Z2 Investment Management, LP
Z2 Investment Management, LP
Private equity with venture activity · probableStamford, CTz2mgmt.comSEC registered investment adviser
Z2 invests flexible debt and equity into privately held middle-market businesses, partnering with families and management teams to design capital solutions that support consistent, long-term growth.
registered adviser; venture funds are 0% of 3 private funds
Importance
30
moderate
Active deployment
8
low
Emerging
0
low
Completeness
63
high
Freshness
100
high
Research priority
8
low
Identity and regulatory footprint
- Headquarters
- Stamford, CTadviserinfo.sec.gov
- Office address
- 100 FIRST STAMFORD PLACE, SUITE 310, Stamford, CT, 06902adviserinfo.sec.gov
- Business phone
- 914-504-2380adviserinfo.sec.gov
- Website
- https://www.z2mgmt.com/
- SEC adviser type
- registered investment adviseradviserinfo.sec.gov
- SEC exemption claimed
- unknown
- Latest Form ADV
- Mar 28, 2024
- Private funds reported
- 3 (0 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $860Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- Regulatory AUM
- $860Mthe adviser's RAUM, a regulatory measure, never a fund size
- Employees
- 8
- Owners on Schedule A
- OLD Orchard Capital, LLC (General Partner), NA; Vanadis Management LLC (Limited Partner), C
- business email
- info@z2mgmt.comz2mgmt.compublished by the subject
- business phone
- 914-504-2380adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
2 observed deals
Stated (the firm’s website)
- Sectors
- not stated or not yet read
- Stages
- not stated or not yet read
- Geography
- globally
- Check size
- $10.0M to $40.0M stated by the firm
“Target Investment Size $10MM to $40MM”
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 n/afollow-on rate n/anew logos, 12 months 2
Funds and vehicles
2 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Prosecco Capital I, LP | Fund · ADV: Other Private Fund | 2022 form d first sale | Fundraising | $759M Mar 28, 2024 | 2 | $30.0M | Dec 11, 2025 |
| Z2 Opportunities Fund I, LP | Opportunity fund · ADV: Other Private Fund | 2022 form d first sale | Active deployment | $100M Mar 28, 2024 | 1 | $100M | Jan 18, 2023 |
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
12 current, 0 departed
Ryan McCarthy
Board or advisoryOperating Advisor - Healthcare
Get In Touch
OtherPortfolio
Andy Cahill
PartnerPartner
Jacob Scott Sussman
PartnerLimited Partner · since Jul 1, 2022
Jake Sussman
PartnerPartner
Scott Brian Gold
PartnerLimited Partner · since Jul 1, 2022
Scott Gold
PartnerPartner
Akanksha Adhikari
Platform and operationsOperations & Research Associate
Robert James Barrett
Platform and operationsChief Compliance Officer, Limited Partner · since May 1, 2023
Jack Thomson
Vice presidentVice President
Matt Paige
Vice presidentVice President
Max Jaffe
Vice presidentVice President, Origination
Investments on record
2 edges, 2 companies, 0 partner-attributed
| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| Z2 SBIC | portfolio listing | unknown | unknown | unknown | unknown | Sep 16, 2026 | Fact Venture organization websites (about, team, portfolio, thesis, news pages) |
| Z2 SPVs | portfolio listing | unknown | unknown | unknown | unknown | Sep 16, 2026 | Fact Venture organization websites (about, team, portfolio, thesis, news pages) |
“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
0 disclosed
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.
Timeline
3 dated events
- Sep 20, 2022Z2 Investment Management, LP first filed Form ADV (ERA)First SEC adviser filingOrganizationFactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Sep 20, 2022Prosecco Capital I, LP first reported on Form ADV by Z2 Investment Management, LP (Other Private Fund)Fund first reported on Form ADVFundsFactProsecco Capital I, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Sep 20, 2022Z2 Opportunities Fund I, LP first reported on Form ADV by Z2 Investment Management, LP (Other Private Fund), GAV $100,000,000Fund first reported on Form ADVFundsFactZ2 Opportunities Fund I, LPSEC 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 3 private funds
Evidence
33 observations from 2 sources