Greenoaks Capital

Neil Mehta, the founder and managing partner, has final authority over investment decisions and portfolio construction. He is supported by partner Benny Peretz and a lean investment team. The firm's concentrated portfolio — often fewer than 20 core positions — means Mehta is directly involved in every material capital allocation.

Greenoaks relies primarily on founder relationships and repeat backing of entrepreneurs across successive ventures. Mehta's early bets on companies like Stripe and Brex established a reputation that generates inbound deal flow. The firm does not operate a traditional outbound sourcing machine; its concentration model means it pursues only a handful of new investments per year.

Greenoaks executes direct equity and equity-linked investments in operating companies, not fund commitments to other managers. The firm has occasionally purchased secondary stakes to increase ownership in existing portfolio positions, but it does not allocate capital to third-party venture capital or private equity funds.

The firm invests primarily at the expansion and late stages, writing first checks that range from $50 million to over $500 million. Greenoaks will occasionally enter at the Series B stage for companies it believes are category-defining, and it has the mandate to hold positions through IPO and for years afterward rather than distributing public stock to its limited partners.

Greenoaks has historically avoided capital-intensive industries such as semiconductors, traditional manufacturing, and brick-and-mortar retail. The firm does not invest in biotechnology or therapeutic drug development, nor has it shown interest in oil and gas, mining, or other extractive industries. Its portfolio concentrates exclusively on technology-enabled business models with negative working capital dynamics and high gross margins.

Greenoaks operates as a private investment firm with pooled, closed-end fund vehicles raised from institutional limited partners, including endowments, foundations, and family offices. It is not a single-family office — Mehta manages third-party capital alongside his own — but its concentrated mandate and long-duration hold periods differentiate it from the standard 10-year venture capital fund model.

Greenoaks regularly co-invests alongside crossover funds, sovereign wealth funds, and late-stage venture firms such as Tiger Global, D1 Capital, and Sequoia Capital. The firm does not operate a formal co-investment program for its limited partners but will structure syndicated rounds where multiple institutional investors participate on equal terms.