Catchlight Capital Partners
CatchLight Capital Partners is a Menlo Park-based, SEC-registered investment adviser founded in 2020 that provides direct secondary purchases, structured liquidity solutions, and selective primary capital to mid-stage U.S. technology companies across three active funds.
- Company typePrivate
- Founded2020
- HeadquartersMenlo Park, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Catchlight Capital Partners does
CatchLight Capital Partners is a privately held, SEC-registered investment adviser founded in 2020 and headquartered in Menlo Park, California. The firm operates in the U.S. venture direct secondary market, purchasing equity positions from venture capital general partners, company founders, and other shareholders seeking liquidity, while also providing structured capital solutions to mid-stage technology companies needing to clean up or stabilize their cap tables. Its stated strategy is concentrated in U.S. technology companies, with cross-border sourcing capabilities enabled by Mandarin fluency among the founding team.
The firm manages three active funds with more than 50 portfolio companies spanning AI enterprise software, autonomous vehicles and mobility, healthcare AI, public sector digital infrastructure, industrial technology, consumer hardware, and sustainable energy. Representative investments include Eight Sleep, AI-driven finance automation platforms, AI hospital operations and imaging companies, HD-mapping software for autonomous vehicles, autonomous trucking, AI processors and memory infrastructure, and a realized position in a digital manufacturing cloud platform. The investment model combines direct secondary purchases, structured liquidity solutions, and selective primary participation.
CatchLight generates revenue through traditional fund economics: recurring management fees on committed LP capital and performance-based carried interest on successful realizations. Investment opportunities are offered only to accredited investors and qualified purchasers through confidential Private Offering Memoranda. The firm does not operate a technology product, does not disclose AUM or fund sizes, and distributes investor services through a third-party portal operated by Arkpes. With 1-10 employees led by co-founders Greg Back and Wei Jiang, the firm maintains a deliberately compact operating model relative to its fund count and portfolio breadth.
Catchlight Capital Partners firmographics
Firmographics- Name
- Catchlight Capital Partners
- Legal name
- CatchLight Capital Partners
- Website
- https://catchlightcap.com
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- CatchLight Capital Partners is a Menlo Park-based, SEC-registered investment adviser founded in 2020 that provides direct secondary purchases, structured liquidity solutions, and selective primary capital to mid-stage U.S. technology companies across three active funds.
- Ownership category
- akta.pro rank
Catchlight Capital Partners industry classification
Industry- Product category
- Venture Capital / Private Equity (Venture Direct Secondaries)
- NAICS
- Other Financial Vehicles (52599), Other Investment Pools and Funds (5259), Miscellaneous Intermediation (523910)
- SIC
- Security Brokers, Dealers & Flotation Companies (6211), Investment Advice (6282)
- akta.pro primary industry
- Venture Capital Secondaries (LP Interests & Direct Secondaries) (FSANAFAJ)
- akta.pro secondary industries
- Secondary Directs / Synthetic Secondaries (Preferred Equity, Structured, Strip Sales) (FSANAFAC), Tender Offers & Liquidity Solutions (LP & GP-led) (FSANAFAE), LP Secondaries — Venture Capital Funds (FSAHALAB)
Keywords
Where Catchlight Capital Partners is headquartered
LocationHeadquarters
- HQ city
- Menlo Park
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Catchlight Capital Partners business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Others
Revenue model
- Fund Management Fees: Management fees charged to fund investors for advisory services and portfolio management
- Carried Interest (Carry): Performance-based carried interest from successful portfolio company exits and realizations
Go-to-market motion1 record
Distribution channels3 records
Marketing channels3 records
Catchlight Capital Partners product offering
Product offeringCore offering
Catchlight Capital Partners provides direct secondary investments and structured liquidity solutions in mid-stage U.S. technology companies. The firm manages three active venture secondary funds that supply liquidity to venture shareholders and GPs, stabilize company capital structures, and give limited partners access to high-quality U.S. tech opportunities. It also selectively participates in primary rounds as part of its capital strategy.
Product overview
CatchLight Capital Partners is a venture capital firm, not a technology product company. The firm operates as a single investment advisory service offering strategic liquidity solutions and venture secondary investment access to the U.S. technology sector through three active funds managing capital for limited partners. The firm's offering centers on direct secondary investments, structured liquidity solutions, and selective primary participation in mid-stage U.S. technology companies. CatchLight provides access to its investor services exclusively through a third-party hosted portal and does not offer discrete technology products, modules, or SaaS offerings.
Differentiator
Problem solved
Functional benefit
Products and services
- Direct Secondary Investments
- Structured Liquidity Solutions
- Selective Primary Participation
- Investment Advisory Services via CatchLight Venture Secondary Funds
Companies that use Catchlight Capital Partners
Customer profileNamed customers6 records
Segments3 records
Ideal customer profiles3 records
Catchlight Capital Partners technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Catchlight Capital Partners partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Arkpes (Third-Party Fund Administration Platform)coreThe CatchLight Investor Portal is provided through Arkpes, a third-party fund administration platform. The firm does not own or control the underlying software or infrastructure. Users' access to the portal is subject to Arkpes's terms, privacy policies, and security practices.
Scale indicators5 records
Recent moves5 records
Expansion highlights5 records
Catchlight Capital Partners competitors and assessment
Company assessmentDirect peers
- Industry Ventures: Specialised venture secondary and direct secondary manager with a similar thesis around providing liquidity in U.S. venture-backed technology companies; the closest comparable by strategy and target market.
- EquityZen: Operates a secondary investment platform that intermediates liquidity in private technology companies for accredited investors, directly overlapping with CatchLight's direct secondary offering.
- Forge Global: Private company secondary marketplace facilitating share transactions in late-stage venture-backed technology companies; comparable in providing liquidity to venture shareholders.
- Hiive: Operates a secondary marketplace for private technology company shares, offering structured liquidity solutions for shareholders of venture-backed firms similar to CatchLight's mandate.
Broad incumbents
- Lexington Partners: One of the largest global secondary investors across LP stakes and direct secondaries; competes for venture secondaries flow but with much broader mandates and larger fund vintages.
- Nasdaq Private Market: Provides secondary trading and tender offer infrastructure for private company shares, operating as a broader incumbent platform for the same shareholder liquidity services CatchLight delivers on a fund basis.
- Ardian: Major private investment house with one of the largest secondary fund-of-funds and direct secondary franchises; relevant comparable for venture secondaries flow and LP-side intermediation.
- StepStone Group: Global private markets investment firm with an active secondaries practice buying LP interests and direct secondaries in venture and growth-stage companies.
- HarbourVest Partners: Large multi-strategy alternative investment manager with a dedicated secondary fund programme that includes venture secondaries; competes for LP capital but is much more diversified.
- Adams Street Partners: Private markets manager with secondary fund offerings alongside primary venture and growth strategies; comparable in providing LP access to venture secondaries at scale.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Catchlight Capital Partners social profiles
Digital presenceCatchlight Capital Partners compliance and trust
Trust signalCompliance2 records
Catchlight Capital Partners financial estimates
Financial estimateRevenue estimate
Valuation estimate
Catchlight Capital Partners leadership team
Management profileNumber of profiles
Profiles7 records
Catchlight Capital Partners funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Catchlight Capital Partners M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Catchlight Capital Partners
What does Catchlight Capital Partners do?
Catchlight Capital Partners provides direct secondary investments and structured liquidity solutions in mid-stage U.S. technology companies. The firm manages three active venture secondary funds that supply liquidity to venture shareholders and GPs, stabilize company capital structures, and give limited partners access to high-quality U.S. tech opportunities. It also selectively participates in primary rounds as part of its capital strategy.
Is Catchlight Capital Partners a public or private company?
Catchlight Capital Partners is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Catchlight Capital Partners founded?
Catchlight Capital Partners was founded in 2020. It employs 1 to 10 people.
Where is Catchlight Capital Partners based?
Catchlight Capital Partners is headquartered in Menlo Park, United States, in the North America region.
How does Catchlight Capital Partners make money?
Two revenue lines are on record. Fund Management Fees are the primary driver. The others are carried Interest (Carry).
Who are Catchlight Capital Partners's main competitors?
Direct peers on record are Industry Ventures, EquityZen, Forge Global and Hiive. Broad incumbents are Lexington Partners, Nasdaq Private Market, Ardian, StepStone Group, HarbourVest Partners and Adams Street Partners.
Does Catchlight Capital Partners have an API?
No public API is recorded for Catchlight Capital Partners.
What industry is Catchlight Capital Partners in?
Catchlight Capital Partners's product category is Venture Capital / Private Equity (Venture Direct Secondaries). Its primary akta.pro industry code is FSANAFAJ, Venture Capital Secondaries (LP Interests & Direct Secondaries), with a secondary code of FSANAFAC, Secondary Directs / Synthetic Secondaries (Preferred Equity, Structured, Strip Sales). Its NAICS code is 52599 and its SIC code is 6211.