# Feenix Venture Partners

Feenix Venture Partners is a Venture Capital based in New York, United States.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** New York, United States
- **Founded:** 2017
- **Assets under management:** Undisclosed
- **Website:** www.feenixpartners.com
- **LinkedIn:** https://www.linkedin.com/company/feenix-venture-partners-llc

## Regulatory record

- **CRD number:** 304152
- **SEC file number:** 801-134059
- **Registration status:** APPROVED
- **Latest Form ADV filing:** 2026-03-31T05:00:00.000Z
- **Reports private funds:** Yes
- **Private funds reported:** 0
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/304152

## About

Feenix Venture Partners is an SEC-registered investment adviser in New York, NY, registered since 2025. The firm manages approximately $175 million in regulatory assets. It has 10 employees and 5 investment advisers.

## Sectors

- Hospitality
- Real Estate
- Consumer
- Food & Beverage
- Media & Entertainment
- Enterprise Software

## People

- Keith Lee — Founder
- Thomas M. Betts — Partner
- Rakesh Chandiramani — Partner
- Matt MacDonald — Partner
- Matthew Pilkington — Partner

## Questions

### How does Feenix Venture Partners structure its investments to avoid equity dilution?

Feenix provides structured debt and hybrid capital with no prepayment penalties, warrants, or equity conversion features. The loans carry longer terms, lower interest rates, and fewer covenants than typical venture-lender products, and the firm commits to forward funding arrangements that release capital as portfolio companies hit operational milestones (per firm website).

### What asset classes and sectors does Feenix target?

The firm concentrates on business-to-consumer operating companies across hospitality, food & beverage, specialty retail, health & wellness, education, and lifestyle brands. Confirmed holdings include restaurant groups, boutique hotels, food halls, a cruise line, a padel facility, a swimwear brand, and a ticket marketplace — blending brick-and-mortar and digital consumer businesses (per firm website).

### Who runs investment decisions at Feenix Venture Partners?

Founder Keith Lee is responsible for overall management and strategic direction. Day-to-day deployment is led by Partner Matt MacDonald, who has directed $575 million into transactions since 2022. Rakesh Chandiramani, who joined full-time in 2025, leads the firm’s equity strategy for hospitality investments (per firm website).

### Does Feenix Venture Partners make equity investments, or is it a pure debt shop?

Feenix is primarily a debt and hybrid-capital provider, but in 2024 it added a dedicated equity strategy for hospitality. Rakesh Chandiramani was hired to lead that effort, bringing operational experience from 10 | Eleven Street Hospitality, the holding company for Vin Sur Vingt wine bars and Jack’s Coffee (per firm website).

### What is the firm's known posture on co-investments alongside external GPs?

Feenix does not explicitly describe a club-deal or co-investment model. Its language emphasizes direct partnership with portfolio companies — acting as a flexible, non-dilutive capital provider rather than a syndicate participant. The firm focuses on bilateral debt arrangements that align with owners and stakeholders.

## Related profiles

- [Feel Venture](https://altss.com/profile/feel-venture)
- [Feiye Capital](https://altss.com/profile/feiye-capital)

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Last updated: 2026-06-03T20:00:00.000Z

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