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FLAG Capital Management
Fund of fund · Founded 1994 · Boston, United States
Who FLAG Capital Management is.
- Historical Background
- FLAG Capital Management was established in 1994 with the objective of providing investment solutions for clients who lacked the scale and access to invest in top-tier venture capital funds. The firm expanded its investment capabilities and client base over time, eventually opening offices in Stamford, CT, Boston, MA, and Hong Kong.
- Major Events
- In 2012, FLAG Capital Management acquired Squadron Capital, a Hong Kong-based asset manager, to enhance its presence in the Asia-Pacific region. Aberdeen Asset Management announced its agreement to acquire FLAG Capital Management in May 2015 and completed the acquisition in August 2015. This transaction was part of Aberdeen's strategy to build its global alternatives capabilities.
- Allocation Strategy
- The firm operated as a fund of funds, creating diversified private market portfolios for its clients. FLAG Capital focused on several key asset classes: venture capital, small- to mid-cap private equity, and real assets, primarily within the United States. The firm also managed a dedicated strategy for private equity investments within the Asia-Pacific region.
The funds FLAG Capital Management backs.
FLAG Capital Management is a limited partner in 82 funds. 29 of them place in the Power Law Investor Ranking; those lead, best-ranked first.



















How FLAG Capital Management’s fund book is spread.
The 82 funds FLAG Capital Management backs, by where the manager is headquartered and how many funds that manager has raised.
Where those managers are based
By fund headquarters.
- North America 7389%
- Europe 67%
- Rest of world 34%
United States 73 · Israel 3 · United Kingdom 3 · France 2
How established those managers are
Managers grouped by how many funds they have raised — across the 46 of 82 with a fund history on record.
The companies FLAG Capital Management backs directly.
FLAG Capital Management holds 1 company directly, separate from the funds it commits to as a limited partner.
Other LPs.
Other funds of funds in the Power Law LP ranking, closest to FLAG Capital Management by combined power-law score — North America first, then the nearest worldwide.
