T
TTCP
Fund of fund · Founded 1999 · San Francisco, United States
Who TTCP is.
- Historical Background
- Top Tier Capital Partners (TTCP) was founded in 1999 and is headquartered in San Francisco, California, with additional offices in Boston and London. The firm traces its roots to a predecessor firm, Paul Capital Investments, where the current TTCP investment team previously worked. Over more than two decades, TTCP and its predecessor have made 160+ global investments in venture capital funds, secondaries, and direct companies.
- VC Strategy
- TTCP is a specialist venture capital investment manager running families of niche-focused funds across three complementary strategies: primary VC fund commitments, LP and direct secondaries, and direct co-investments. The firm backs “franchise funds” — VC managers with consistent DPI delivery, stable team dynamics, and sensible valuation practices. TTCP underwrites to at least 1x DPI in approximately nine years and favors fund sizes below ~$750 million, where the math of returning capital from single investments remains viable. The secondaries strategy provides flexible liquidity solutions for VC LP interests and direct positions in venture-backed companies. TTCP's direct investments leverage its GP network and proprietary data to co-invest alongside fund relationships in high-growth technology companies. The firm is skeptical of mega-funds, preferring disciplined managers where ownership stakes of 5–10% in a small number of breakthrough companies can drive fund-level returns of 3x and above.
The funds TTCP backs.
TTCP is a limited partner in 93 funds. 46 of them place in the Power Law Investor Ranking; those lead, best-ranked first.
How TTCP’s fund book is spread.
The 93 funds TTCP 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 7480%
- Europe 1718%
- Rest of world 22%
United States 74 · United Kingdom 12 · Germany 3 · France 1
How established those managers are
Managers grouped by how many funds they have raised — across the 72 of 93 with a fund history on record.
TTCP’s biggest exits.
Portfolio companies that IPO’d or were acquired at $1B+, with the valuation recorded at exit and — for those still public — their value today. Exit events come from each company’s funding-round history; entry stage from TTCP’s transaction record.
The companies TTCP backs directly.
TTCP holds 60 companies directly, separate from the funds it commits to as a limited partner. Broken down by headquarters country, sector, entry stage and current growth stage. "Stage entered" is the first priced round the investor joined, derived from the investor’s transaction history.
-
USA70
-
Spain2
-
UK2
-
Germany1
-
Norway1
-
South Korea1
-
Enterprise Software33
-
Fintech12
-
Health10
-
Security8
-
Telecom4
-
Marketing3
-
Media3
-
Wellness Beauty3
-
Consumer Electronics2
-
Energy2
-
Hosting2
-
Jobs Recruitment2
-
Series B+42
-
Seed1
-
Series A1
-
Late Growth45
-
Breakout Stage26
-
Early Growth4
-
Mature3
Inside TTCP’s portfolio.
The 60 highest-funded portfolio companies, of 46 tracked.
Dr
Re
Ta
Cl
Bo
Da
Re
Ta
Yi
Ta
Qu
La
Ci
Ve
An
Po
Or
Hu
Ma
Op
De
Lu
Ty
Sh
Pl
De
Da
Di
HY
Cu
Oc
Vi
Sp
Lu
En
Su
Me
Pu
Og
Cl
Ce
Da
Go
Pl
Up
Ar
Aw
Ko
Th
Co
Pa
Co
Ac
2n
Ka
Fo
Ca
Co
Pa
MaWhere TTCP’s portfolio founders come from.
110 founders across the 78 highest-funded portfolio companies — by current location, university attended, and the companies they worked at before founding. Sourced from the founder records the API links to each portfolio company.
-
United States92
-
South Korea4
-
Spain3
-
Finland1
-
India1
-
Ireland1
-
Niger1
-
Peru1
-
South Africa1
-
United Kingdom1
-
University of California, Berkeley4
-
Harvard Business School3
-
Harvard University3
-
Indian Institute of Technology, Delhi3
-
New York University3
-
Emory University2
-
Emory University's Goizueta Business School2
-
Harvey Mudd College2
-
Massachusetts Institute of Technology2
-
Rutgers university2
-
Alphabet | Google4
-
CREATE3
-
IBM3
-
Microsoft3
-
Vistaprint3
-
Apple2
-
Cooley2
-
Entrepreneurs' Organization2
-
Intel Corporation2
-
LinkedIn2
Other LPs.
Other funds of funds in the Power Law LP ranking, closest to TTCP by combined power-law score — North America first, then the nearest worldwide.
Key people at TTCP.
