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Venture Capital
FINANCE | Investment Firms & Funds
fenwaysummer.com

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Investments

39

Portfolio Exits

5

Funds

3

About Fenway Summer Ventures

Fenway Summer Ventures (FSV) supports bold pioneers tackling massive challenges at the intersection of finance and technology. FSV provides insights to entrepreneurs re-inventing the multi-trillion dollar financial services industry by building innovative companies, strong brands, and world-class teams.

Fenway Summer Ventures Headquarters Location

7315 Wisconsin Avenue Suite 960 West

Bethesda, Maryland, 20814,

United States

202-864-6231

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Fenway Summer Ventures Web Traffic

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Page Views per Million (PVPM)
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Fenway Summer Ventures Rank

Latest Fenway Summer Ventures News

Moelis Asset Management LP Appoints Frank Benevento as Head of Business Development

Jul 19, 2021

Moelis Asset Management LP (Moelis Asset), the parent to alternative asset managers with leading capabilities in private equity, direct lending, credit funds, structured products, venture capital and hedge funds, today announced the appointment of Frank Benevento as Head of Business Development. He joins on Wednesday, July 21st and will be based in New York. In this new role, Mr. Benevento will work with colleagues from across the Moelis Asset platform to drive continued growth of its existing businesses and identify future areas of interest among institutional investors. “Frank brings nearly 30 years of experience in direct lending, credit, real estate and private equity, which will help us expand our already strong franchise” Moelis Asset aggregates approximately $7.0 billion in assets across several high-caliber investment firms including: Steele Creek Investment Management LLC, a manager of collateralized loan obligations and other broadly syndicated loan products; Freeport Financial Partners LLC, a direct lending platform; Archean Capital Partners, a joint venture with Veritable, L.P. focused on deploying capital to qualified private capital managers interested in starting their own firms; Gracie Asset Management, a multi-strategy credit manager; Crossbeam Venture Partners, a joint venture with CoVenture Holding Company LLC and Fenway Summer LLC focused on early stage financial technology companies; Third Crest, A S&P500 tactical trading fund; and Pop Culture Capital, A late stage VC/Growth Equity pledge fund. “Frank brings nearly 30 years of experience in direct lending, credit, real estate and private equity, which will help us expand our already strong franchise,” said Eric Felder , CEO of Moelis Asset Management. “We are looking forward to deepening our existing institutional relationships and creating new ones under Frank’s stewardship.” Previously Mr. Benevento was Managing Director of Business Development at CrossHarbor Capital, LLC. He has also held senior business development roles at First Eagle Credit, LLC, Pine River Capital Management, GoldenTree, and CIBC. Mr. Benevento holds a B.A. in Business Administration from Georgetown University.

Fenway Summer Ventures Investments

39 Investments

Fenway Summer Ventures has made 39 investments. Their latest investment was in Green Check Verified as part of their Convertible Note - II on June 6, 2021.

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Fenway Summer Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/15/2021

Convertible Note - II

Green Check Verified

$3M

No

2

2/9/2021

Convertible Note

Green Check Verified

$2.4M

Yes

2

10/15/2020

Series B

Matic

$24.5M

Yes

13

2/19/2020

Seed VC

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$99M

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10

4/12/2018

Series A

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$99M

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10

Date

6/15/2021

2/9/2021

10/15/2020

2/19/2020

4/12/2018

Round

Convertible Note - II

Convertible Note

Series B

Seed VC

Series A

Company

Green Check Verified

Green Check Verified

Matic

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Amount

$3M

$2.4M

$24.5M

$99M

$99M

New?

No

Yes

Yes

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Co-Investors

Sources

2

2

13

10

10

Fenway Summer Ventures Portfolio Exits

5 Portfolio Exits

Fenway Summer Ventures has 5 portfolio exits. Their latest portfolio exit was Circle on February 17, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

2/17/2022

Acq - Pending

$99M

3

6/23/2021

Acquired

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$99M

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10

7/11/2019

Acquired

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$99M

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10

4/3/2019

Acquired

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$99M

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10

2/1/2019

Acquired

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$99M

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10

Date

2/17/2022

6/23/2021

7/11/2019

4/3/2019

2/1/2019

Exit

Acq - Pending

Acquired

Acquired

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

3

10

10

10

10

Fenway Summer Ventures Fund History

3 Fund Histories

Fenway Summer Ventures has 3 funds, including Fenway Summer Ventures.

Closing Date

Fund

Fund Type

Status

Amount

Sources

12/31/2015

Fenway Summer Ventures

Early-Stage Venture Capital

Closed

1

Fenway Summer Special Opportunities 2018

10

Fenway Summer Ventures II LP

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10

Closing Date

12/31/2015

Fund

Fenway Summer Ventures

Fenway Summer Special Opportunities 2018

Fenway Summer Ventures II LP

Fund Type

Early-Stage Venture Capital

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Status

Closed

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Amount

Sources

1

10

10

Fenway Summer Ventures Team

3 Team Members

Fenway Summer Ventures has 3 team members, including current Managing Partner, Rajeev V. Date.

Name

Work History

Title

Status

Mitch Hochberg

Founder

Current

Rajeev V. Date

Managing Partner

Current

Garry Reeder

Financial Health Network, BlackRock, Consumer Financial Protection Bureau, U.S. Department of Treasury, Ziff Brothers Investments, and Yale University

Founding Partner

Former

Name

Mitch Hochberg

Rajeev V. Date

Garry Reeder

Work History

Financial Health Network, BlackRock, Consumer Financial Protection Bureau, U.S. Department of Treasury, Ziff Brothers Investments, and Yale University

Title

Founder

Managing Partner

Founding Partner

Status

Current

Current

Former

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