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1st & Main Growth Partners
Charles J. Moore runs 1st & Main Growth Partners, a Chicago private equity firm investing across community banks and fintech startups.
1st & Main Growth Partners
Charles J. Moore founded 1st & Main Growth Partners in Chicago after two distinct early chapters: co-managing Northern Trust's Special Equity Fund, which handled venture capital, mezzanine finance, and small emerging growth companies, followed by nearly a decade of trading options and equities as a floor partner at the American Stock Exchange and the Chicago Board Options Exchange. The firm now operates from a single office at 150 S. Wacker Drive. 1st & Main invests across two parallel sleeves. The Banc Funds sleeve provides capital to small, subregional financial institutions aiming to absorb new technology and expand. The Fintech Funds sleeve, supported by what the firm describes as a longstanding research effort, is deploying into financial software, payments, core systems, online lending, artificial intelligence, and blockchain. One confirmed portfolio company is Abington Bank, a Massachusetts savings bank that received a 1st & Main investment in 1997 and was later acquired by Hometown Financial Group in 2019. Moore serves as the firm's sole named principal, managing existing funds and general administration while supplying strategic support to portfolio companies. He holds an MBA from the University of Chicago Booth School of Business, an MA from Oxford, and a BA from the University of Pennsylvania. The firm's public footprint remains thin; a single portfolio company is disclosed, and no updated deployment totals, professional headcount, or recent vehicle closings are available. 1st & Main's structural differentiator is an operator-centric, single-CIO architecture that pairs an exclusively small-bank buyout practice with an in-house thematic bet on fintech spanning AI and blockchain. This is not a multi-manager platform or a fund-of-funds — it is a tightly held shop where a former trader and private equity manager personally backs community banks while researching and underwriting the tools that could reshape their economics.
General information
Firm type
Private Equity
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Chicago
Corporate office
150 S. Wacker Drive Suite 2725 Chicago, IL 60606
Principals
Charles J. Moore
Founder & President
Sector focus
Frequently asked questions
Who runs investment decisions at 1st & Main Growth Partners?
Charles J. Moore, the firm's Founder and President, is the sole named principal. He manages the existing funds, handles general administration, and provides strategic support to portfolio company management. His background includes co-managing a private equity fund at Northern Trust and trading options and equities at the American Stock Exchange and the CBOE.
How does 1st & Main source proprietary deal flow?
The firm does not publicly describe a proprietary sourcing model. Its disclosed portfolio suggests a long-duration relationship approach: the single named holding, Abington Bank, received a 1st & Main investment in 1997 and was held until its sale to Hometown Financial Group in 2019. The fintech sleeve is supported by internal research efforts focused on payments, core banking systems, and artificial intelligence.
Is 1st & Main structured as a single family office or does it operate more like a venture firm?
1st & Main operates as a private equity asset manager, not a family office. It pools outside capital into two distinct fund strategies — Banc Funds for subregional financial companies and Fintech Funds for technology startups — rather than managing the wealth of a single family.
Does 1st & Main participate in fund commitments or only direct deals?
Available disclosures only confirm direct investments. The Banc Funds sleeve provides growth and tech-adoption capital directly to small financial institutions, and the Fintech Funds sleeve invests directly in finance-oriented technology companies. There is no public evidence of a fund-of-funds program or LP commitments to external GPs.
What investment stages does 1st & Main typically target?
According to the firm's strategy description, the Banc Funds sleeve pursues buyout and growth investments, while the Fintech Funds sleeve is focused on venture-stage and growth-stage companies in financial software, payments, and ongoing research areas such as blockchain and artificial intelligence.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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