What Recast Capital does

Recast Capital is a 100% women-owned venture capital fund-of-funds platform founded in 2020 by Courtney McCrea and Sara Zulkosky. The firm's core product is a fund-of-funds investment vehicle that provides limited partners diversified exposure to US-based emerging venture managers raising Funds I, II, or III, with an emphasis on top-performing and diverse partnerships. The platform targets two customer segments simultaneously: limited partners (family offices, institutional investors, and individuals) seeking institutional-grade access to emerging manager exposure, and general partners of emerging funds seeking community, peer networks, LP relationships, and operational support. Recast complements its investment vehicle with two cohort-based educational programs: the Enablement Program, a tuition-free 12-week virtual program for emerging venture managers, and the Accelerate Program, a 12-month program providing over $100k of services per firm for women-led and nonbinary-led emerging managers.

The platform's underlying technology is non-proprietary; Recast operates without custom software infrastructure, relying instead on a public-facing website, a Recaster Portal for network members, a Fund Intake Form for GP submissions, and a Resource Library of curated venture community content. Distribution is community-led, leveraging direct outreach through the website, content marketing via Medium and podcast appearances, and a multi-tier sponsor ecosystem (Empower, Elevate, Inspire) featuring partners such as Gunderson Dettmer, Strut, Antares, Sydecar, and Citizens Bank.

The business model centers on fund-of-funds management fees, supplemented by sponsorship contributions from program partners that offset the cost of delivering free and subsidized programming. Recast is registered as Recast Capital, LLC in Delaware, headquartered legally in Arlington, VA, with operational presence in San Francisco, Washington D.C., and New York City. The firm raised $3.6M from Pivotal Ventures in March 2023 and operates with a small team (1-10 employees), with the Recast Network spanning 150+ firms and 109+ funds having participated in the Enablement Program to date.

Name

Recast Capital

Legal name

Recast Capital, LLC

Website

https://recastcapital.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

1–10 employees

Short description

Recast Capital is a 100% women-owned venture capital fund-of-funds platform that invests in US-based emerging venture managers (Fund I-III) for limited partners and supports general partners through tuition-free Enablement and Accelerate educational programs.

Ownership category

akta.pro rank

Product category

Venture Capital Fund-of-Funds

NAICS

Portfolio Management and Investment Advice (523940), Funds, Trusts, and Other Financial Vehicles (525)

SIC

Investment Advice (6282)

akta.pro primary industry

Emerging Manager / Seeding Platforms (Multi-Manager) (FSANAGAF)

akta.pro secondary industry

Venture Capital Fund-of-Funds (FSANAGAC)

Keywords

• Venture fund-of-funds
• Emerging manager investing
• GP support programs
• Venture portfolio diversification
• Impact venture capital

Headquarters

HQ city

San Francisco

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D

Revenue model

1. Fund-of-Funds Management: Recast Capital generates revenue through their fund investment vehicle by providing LPs diversified exposure to top-performing emerging, diverse managers (US-based, Fund I-III), and providing a pipeline of tomorrow's industry-leading franchises.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

Recast Capital operates a venture capital fund-of-funds investment vehicle that gives limited partners diversified exposure to US-based emerging venture capital managers raising institutional Funds I, II, or III. The firm complements its fund vehicle with the tuition-free Enablement Program (12-week cohort) and the Accelerate Program (12-month program for women-led and nonbinary-led managers), providing peer networks, executive coaching, LP office hours, and operational support to more emerging managers than it can invest in directly.

Product overview

Recast Capital is a 100% women-owned venture capital platform built around a fund-of-funds investment vehicle that provides LPs diversified exposure to emerging, diverse fund managers (US-based, Fund I-III), combined with educational programs. The core Fund-of-Funds product delivers institutional-grade access to emerging managers, while the Enablement Program (tuition-free, virtual, cohort-based with 12-15 managers per 12-week term) and Accelerate Program (12-month program with over $100k in covered services per firm for women-led managers) extend support beyond investment capacity. The platform also offers a Summer Venture Fellowship for MBA students and a public Resource Library.

Differentiator

Problem solved

Functional benefit

Products and services

• Fund-of-Funds Investment Vehicle Core investment vehicle that provides limited partners diversified exposure to US-based emerging venture capital managers raising institutional Funds I, II, or III.
• Enablement Program Tuition-free 12-week cohort-based educational program for US-based emerging venture managers pre-launch or mid-launch of their first or second fund. Provides peer networks, LP relationship building, and strategic guidance through weekly sessions with 12-15 managers per term.
• Accelerate Program 12-month virtual program supporting women-led and nonbinary-led emerging U.S. venture capital funds. Includes peer pod groups, executive coaching, LP office hours, investor relations advisory, pitch deck narrative strategy, and over $100k value in covered services per firm.
• Summer Venture Fellowship Remote internship opportunity for MBA students to support Recast's fund-of-funds investment strategy and community programs (Enablement and Accelerate), including portfolio monitoring, due diligence support, market research, and program operations.
• Resource Library Publicly accessible library of resources for emerging managers including articles, templates, programs, databases, networking groups, and educational content curated from venture community members.

Named customers7 records

Segments1 record

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

13 partnerships are on record, tiered core, supporting and minor.

• Gunderson DettmercoreOthersEmpower Sponsor of Recast's Enablement Program, providing legal expertise and support for emerging managers in venture.
• StrutcoreOthersEmpower Sponsor providing operational support services to Enablement Program participants.
• AntaressupportingOthersElevate Sponsor supporting the Enablement Program curriculum and operations.
• SydecarsupportingOthersInspire Sponsor providing fund formation and operational support resources; featured in Recast Resource Library.
• RimermansupportingOthersInspire Sponsor supporting emerging manager education and programming.
• Banc CaliforniasupportingOthersInspire Sponsor supporting the venture ecosystem and Enablement Program.
• Citizens BanksupportingOthersInspire Sponsor providing financial services support for emerging managers.
• VC LabsupportingStrategic or Co-development PartnerEducational program for emerging managers; potential referral source for LP connections to innovative funds.
• Oper8rsupportingStrategic or Co-development PartnerEducational program operator supporting emerging manager development; shared resource in Recast Resource Library.
• VC IncludesupportingStrategic or Co-development PartnerFellowship program for emerging managers; referral source connecting LPs with underrepresented GPs.
• All RaisesupportingStrategic or Co-development PartnerOrganization supporting diversity in venture; hosts events and conferences mentioned in Recast's LP guide.
• RevereminorChannel Partner/ Reseller/ DistributorEmerging manager-focused fund-of-funds platform that can assist LPs in accessing emerging managers.
• AllocateminorChannel Partner/ Reseller/ DistributorPlatform helping LPs access emerging and underrepresented managers in venture.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Greenspring Associates (StepStone Group): Boutique venture fund-of-funds platform where Sara Zulkosky previously served as Venture Partner; now part of StepStone Group with $12B+ AUM. Directly comparable as a multi-manager emerging manager evaluator, though at materially larger scale and broader mandate.

Direct peers

• Weathergage Capital: Boutique fund-of-funds where Courtney McCrea spent 10 years making commitments to 100 funds. Closest direct analog in business model, scale, and emerging-manager orientation; Recast effectively spun out of this heritage.
• Revere: Emerging-manager-focused fund-of-funds platform listed as a Recast channel partner. Direct peer offering LPs access to emerging and underrepresented venture managers with overlapping GP universe.
• Allocate: Platform helping LPs access emerging and underrepresented venture managers. Listed as a Recast channel partner and direct competitor for the same LP allocation mandates.

Emerging players

• Impact Capital Managers: Membership organization for fund managers focused on impact investing; a Cassandra Duchan Saucedo internship connection. Overlaps with Recast's impact-investing heritage and emerging-manager pipeline.
• VC Lab: Educational program and accelerator for emerging managers; listed as a Recast strategic partner. Comparable audience (first-time fund managers) and complementary offering to Recast's Enablement Program.
• All Raise: Non-profit organization supporting diversity in venture, with shared events and conferences referenced in Recast's LP guide. Comparable mission but operates as a community/advocacy organization rather than an investor.
• VC Include: Fellowship program for emerging managers from underrepresented backgrounds; listed as a Recast referral partner. Comparable target audience with overlapping emerging-manager pipeline.
• Oper8r: Emerging-manager operational support provider; Recast strategic partner. Comparable emerging-manager focus but complementary rather than competitive, focused on back-office services.

Others

• Sydecar: Fund formation and operations platform for emerging managers; Inspire Sponsor of Recast's Enablement Program. Adjacent infrastructure provider enabling the same emerging-manager segment Recast invests in.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights6 records

Customer concentration

• Xx.com/RecastCapital
• LinkedInlinkedin.com/company/recast-capital

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Recast Capital