# First Trust Capital Partners

First Trust Capital Partners is a Private Equity based in Wheaton, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Wheaton, United States
- **Region:** North America
- **Address:** 120 E Liberty Dr., Wheaton, IL, 60187, United States
- **Founded:** 1990
- **Assets under management:** Undisclosed
- **Website:** www.ftcapitalpartners.com
- **LinkedIn:** https://www.linkedin.com/company/ftcp

## Regulatory record

- **Reports private funds:** No

## About

First Trust Capital Partners, LLC (FTCP) invests in early and growth stage companies across multiple industries, with a focus on financial services and healthcare technology. It has offices in Wheaton, Illinois and Franklin, Tennessee, and is affiliated with First Trust Portfolios L.P. and First Trust Advisors L.P. FTCP has made more than 100 private investments over the 15 years since its inception and invests balance sheet capital with a focus on long-term capital appreciation.

## Sectors

- Financial Services
- Healthcare Technology
- Enterprise Software

## Offices

- Franklin, TN, United States

## People

- Jon Phillips — Managing Director
- Karim Botros — Senior Vice President
- Rachel Kern — Senior Vice President
- Mark Kroeger — Senior Vice President

## Questions

### Who runs investment decisions at First Trust Capital Partners?

Jon Phillips is the Managing Director listed on the firm's website, leading a team that includes three Senior Vice Presidents — Karim Botros, Rachel Kern, and Mark Kroeger. The firm does not publish an investment committee roster or biographical detail on its decision-making process. All named principals appear on the firm's public team page without further investment history disclosure.

### What sectors does First Trust Capital Partners explicitly avoid?

FTCP does not publish a negative screening list. Its website states a focus on financial services and healthcare technology, while its broader portfolio includes companies from water infrastructure (Aris Water), data analytics (Palantir), and crypto (Silvergate). The firm does not disclose any hard sector exclusions, but its deal density centers on regulated or technology-enabled services.

### How is First Trust Capital Partners related to First Trust Advisors and First Trust Portfolios?

FTCP is an affiliate of First Trust Portfolios L.P. and First Trust Advisors L.P., collectively known as First Trust. The parent entities are known for creating and distributing unit investment trusts and exchange-traded funds. FTCP acts as the private-investment unit within this corporate structure, deploying parent-company capital rather than third-party client assets.

## Related profiles

- [EOS Investment Management Group](https://altss.com/profile/eos-investment-management-group)
- [Forward Partners](https://altss.com/profile/forward-partners)

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Last updated: 2026-08-11T15:06:42.396Z

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