APC

Daniel Aegerter and Philippe Ghanem, the firm's co-founders, direct investment strategy. Aegerter serves as Chairman, while Ghanem holds the Vice Chairman and CEO role. Their investment committee culture emphasizes concentrated positions rather than index-style portfolio construction.

APC functions as an asset manager with permanent-capital characteristics. The firm does not raise traditional closed-end funds and is not registered as a single family office. It deploys co-founder capital alongside a curated network of co-investors, giving it the structural flexibility to pursue venture, growth, secondary, and public-market investments without a predetermined mandate expiration.

APC operates across three distinct strategies: direct venture and growth-stage investments, secondary-market acquisitions of LP interests and direct company stakes, and select public-market positions. This multi-strategy approach allows the firm to rebalance across asset classes and geographies based on market conditions rather than adhering to a single-mandate allocation model.

APC co-founded ACE & Company in 2005 alongside Adam Said, who became that firm's CEO. ACE & Company was established as a separate private equity and venture investment firm, and it has since operated independently from APC with its own management and investment committees.

APC does not publicly market itself as a fund manager raising capital from institutional LPs. The firm operates on a permanent-capital base, deploying co-founder assets alongside a private network of co-investors rather than through marketed fund vehicles.

APC targets early-stage to growth-stage venture investments, with flexibility to hold positions through IPO or acquisition. The firm's secondary strategy additionally enables it to acquire later-stage stakes in mature private companies, blurring the traditional stage-based boundaries that constrain most venture managers.

APC has maintained offices in Los Angeles, San Francisco, Mountain View, Shanghai, Luxembourg, Geneva, Paris, Singapore, and Dubai. This footprint supports deal origination across North America, Europe, and Asia, with investment activity concentrated in major technology ecosystems on all three continents.