Development 72

Development 72

Development 72 was founded in 2014 and operates as a private investment firm with a multi-family office structure. The firm's four named partners — Peter Chaffin, Grant Gooding, John Neu, and Katie Holland — manage capital on behalf of a small group of families. The firm maintains offices in Chapel Hill, San Francisco, and Durham, North Carolina. Development 72 invests across venture capital, private equity, and real estate. The firm targets companies in enterprise software, artificial intelligence and machine learning, digital health, financial technology, and climate technology. It makes direct investments ranging from seed to growth stage, and has participated in syndicated venture rounds alongside institutional venture capital firms. The firm also allocates capital to real estate projects, primarily in the southeastern United States. The firm does not publicly disclose its assets under management or total capital deployed. Development 72 employs a lean team structure, with the four partners making investment decisions collectively. The firm has not announced any philanthropic foundations or operating companies as separate vehicles. Development 72's structural differentiator is its hybrid approach — the firm operates as a multi-family office that makes direct investments across asset classes, rather than relying on fund-of-funds allocations or external managers. This model gives the firm control over its investment pacing and sector focus.