Elementum Capital

Elementum Capital

Elementum Capital was founded in Miami by Ben Chelf, Ben Patterson, and Kurt Keilhacker, three General Partners who together bring operational and investing experience from Coverity, Stanford University, TechFund, and McKinsey & Company. The firm operates as a fund of funds, a structure its website describes as a "manager of managers." The strategy spans multiple technology verticals, with a publicly visible portfolio that includes defense technology (Anduril), enterprise communication (Loom), carbon utilization (Twelve), and fintech (Ampd), among others. Elementum also maintains exposure to sectors such as AI/ML, climate tech, and hardware, indicated by portfolio companies like Move37, Fathom Radiant, and Slingshot Aerospace. The firm deploys capital through both fund commitments and direct co-investments, acting as an allocator to third-party venture managers while also investing alongside those managers into individual companies. Geographic focus is primarily North America, with some European exposure through Keilhacker's prior work with TechFund Europe. While total AUM and team size are not disclosed, the firm's three General Partners are supported by Advisor Ted Callahan, a co-founder of Elementum and current Intuit leader. Elementum does not publicly operate any separate philanthropic foundations or adjacent vehicles, but Patterson advises the 1517 Fund and 10k Investments, the venture arm of the Coors family. No recent operational events or deal announcements are publicly available. Elementum's structural differentiator is its fund-of-funds model blended with direct deal access, allowing it to act as both allocator and co-investor. The absence of a single-LP anchor or public affiliation with a specific family office makes it closer to a pooled vehicle than a traditional single-family office. Its governance is shaped by the three General Partners sharing investment decisions, with no disclosed succession plan or operating-company relationship.