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Core Capital Partners
Core Capital is a venture capital firm headquartered in Washington, D.C. with $900 million under management.
Core Capital Partners
Core Capital is a venture capital firm headquartered in Washington, D.C. with $900 million under management. | Core Capital is a venture capital firm headquartered in Washington, D.C. with in excess of $900 million under management across eight funds. Core leads or co-leads early stage investments with a strong bias to companies based in the broader Mid-Atlantic area (roughly Atlanta to New York).
General information
Firm type
Private Equity
Year founded
1999
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Potomac
Corporate office
350C Fortune Terrace #430, Potomac, MD 20854, United States
Principals
Will Dunbar
Managing Director
Mark Levine
Managing Director
Randy Klueger
Chief Financial Officer
Sector focus
Frequently asked questions
Who runs investment decisions at Core Capital Partners?
Managing Directors Will Dunbar and Mark Levine, both co-founders of the firm in 1999, jointly lead investment decisions. They are supported by CFO Randy Klueger, who manages financial operations and limited-partner communications but is not listed as an investment partner.
How does Core Capital source proprietary deal flow?
Core enforces a strict geographic mandate, investing almost exclusively in early-stage companies located in the Mid-Atlantic corridor between Atlanta and New York. This concentrated focus, combined with the partners' decades of experience in the region, positions the firm as a default lead investor for enterprise-software startups in that area.
Is Core Capital structured as a family office or does it operate more like a venture firm?
Core Capital is a traditional venture capital firm managing commingled funds for limited partners, not a family office. It has raised at least eight funds since its founding in 1999, with aggregate capital commitments exceeding $900 million.
Does Core Capital participate in fund commitments or only direct deals?
Core exclusively makes direct investments in early-stage operating companies. Its public materials describe a strategy of leading or co-leading seed and Series A rounds; there is no mention of a fund-of-funds program or LP commitments to external managers.
What investment stages does Core Capital typically target?
The firm targets early-stage investments, specifying that it typically writes its first check at the seed or Series A round. It focuses on companies with scalable enterprise-software products in cloud, cybersecurity, data analytics, and mobile markets.
What is Core Capital's known posture on co-investments alongside external GPs?
Core states publicly that it leads or co-leads rounds, indicating an active syndication posture alongside other venture investors. The firm does not operate exclusive club funds; it acts as a direct co-investor, often taking a board seat in portfolio companies.
Does Core Capital run philanthropic foundations, and how are they separated?
Managing Director Will Dunbar serves on the investment committees of Venture Philanthropy Partners and the Meyer Foundation, but Core Capital itself is a for-profit venture manager with no evidence of an affiliated charitable foundation. The philanthropic roles appear separate from the firm's fund-management operations.
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