# Asymmetric Capital Partners

Asymmetric Capital Partners is a Private Equity based in Boston, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Boston, United States
- **Region:** North America
- **Address:** Boston, MA, United States
- **Founded:** 2021
- **Assets under management:** Undisclosed
- **Website:** acp.vc
- **LinkedIn:** https://www.linkedin.com/company/asymmetric-capital-partners

## Regulatory record

- **CRD number:** 315882
- **SEC file number:** 802-122110
- **Registration status:** Registered
- **Latest Form ADV filing:** 2026-03-30T05:00:00.000Z
- **Reports private funds:** Yes
- **Private funds reported:** 0
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/315882

## About

Asymmetric Capital Partners is an exempt reporting adviser in Boston, MA. It advises clients on investment strategies. The firm is based in Boston.

## Sectors

- Enterprise Software
- Marketplaces
- PropTech
- AI/ML
- Supply Chain Tech
- Legacy Industry Modernization

## People

- Rob Biederman — Co-Founder
- Sarah McIlwain — Co-Founder
- Sam Clemens — Co-Founder
- Nancy Rothstein — Co-Founder
- Michele O'Connor — Co-Founder

## Questions

### Who runs investment decisions at Asymmetric Capital Partners?

Investment decisions are made collectively by the five co-founders — Rob Biederman, Sarah McIlwain, Sam Clemens, Nancy Rothstein, and Michele O'Connor — through an on-demand investment committee. The firm does not have a traditional general partner hierarchy. All five partners bring prior experience as founders, operators, or later-stage investors, and the team emphasizes fast feedback and efficient decision-making for founders.

### How does Asymmetric Capital Partners source its deal flow?

The firm draws on the networks its co-founders built before starting Asymmetric — across technology, private markets, and the institutional investor community. The five partners treat those networks as their most differentiated asset. Asymmetric targets structured thinkers with contrarian insights and looks for founders who are domain experts in legacy industries undergoing technological disruption.

### What is Asymmetric Capital Partners' typical check size and investment stage?

Asymmetric invests up to $10 million, depending on stage and whether it is leading the round. It can scale its commitment to multiples of that amount by co-investing alongside its limited partner base. The firm targets pre-seed through Series A companies and has stated that Series 'letters' have become less meaningful over time.

### Which sectors does Asymmetric Capital Partners explicitly target?

Asymmetric focuses on early-stage companies that apply technology to large legacy industries. Its four listed strategy pillars are Legacy Industries, Digital Rails; Business Tools 3.0; Disruption of Physical Place; and Marketplaces. In practice, this has led to investments in AI-native marketplaces—such as Voomi Supply, which modernizes the HVAC supply chain—and enterprise software platforms that operate on digital infrastructure.

### How does Asymmetric Capital Partners' fund structure work with co-investors and LPs?

Asymmetric's limited partner base includes institutional investors who can participate in co-investments and follow-on rounds alongside the core fund. The firm describes this co-investor network as a 'co-invest power' that allows it to flex check sizes beyond its stated $10 million initial maximum. The firm does not publicly disclose its fund sizes or AUM.

## Related profiles

- [Astoria Capital Partners](https://altss.com/profile/astoria-capital-partners)
- [Ataraxia Capital Partners](https://altss.com/profile/ataraxia-capital-partners)

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Last updated: 2026-08-14T12:30:00.000Z

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