Investments
39Portfolio Exits
5Funds
3About 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
Fenway Summer Ventures Web Traffic
Fenway Summer Ventures Rank
Latest Fenway Summer Ventures News
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.
Fenway Summer Ventures Investments Activity
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 | |||||
4/12/2018 | Series A |
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 | ||
Amount | $3M | $2.4M | $24.5M | ||
New? | No | Yes | Yes | ||
Co-Investors | |||||
Sources | 2 | 2 | 13 |
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 | 3 | |||
Date | 2/17/2022 | ||||
---|---|---|---|---|---|
Exit | Acq - Pending | ||||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 3 |
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 | |||||
Fenway Summer Ventures II LP |
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 | ||
Status | Closed | ||
Amount | |||
Sources | 1 |
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 | U.S. Department of Treasury, Consumer Financial Protection Bureau, Deutsche Bank, Capital One, and McKinsey & Company | 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 | U.S. Department of Treasury, Consumer Financial Protection Bureau, Deutsche Bank, Capital One, and McKinsey & Company | 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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