# ICON Continuity Fund

ICON Continuity Fund is an Israel-focused growth/continuity fund based in Palo Alto, United States.

## Overview

- **Organization type:** Israel-focused growth/continuity fund
- **Headquarters:** Palo Alto, United States
- **Region:** North America
- **Address:** Palo Alto, CA, United States
- **Founded:** 2022
- **Assets under management:** Undisclosed
- **Website:** iconcontinuity.com
- **LinkedIn:** https://www.linkedin.com/company/icon-vc

## Regulatory record

- **Reports private funds:** No

## About

Icon Continuity Fund is a venture capital firm. It has made one investment, deploying $40 million in total capital. The firm focuses on the software sector.

## Sectors

- Enterprise Software
- FinTech
- Digital Health
- AI/ML

## Offices

- Beverly Hills, CA
- Boston, MA

## People

- Divesh Makan — Chairman
- Matthew Jacobson — Founding Partner & CEO

## Questions

### Who runs investment decisions at ICON Continuity Fund?

Matthew Jacobson serves as the Founding Partner and CEO of the Continuity Fund, while Divesh Makan is Chairman. Jacobson joined ICONIQ from Blackstone in 2015, and the Continuity Fund maintains a dedicated investment committee separate from ICONIQ's growth-stage funds. The fund draws on ICONIQ's broader network of technology founders and executives for sourcing and diligence.

### How is the Continuity Fund different from ICONIQ's other growth equity funds?

The Continuity Fund is structured as a permanent-capital vehicle with no fixed fund life, unlike ICONIQ's traditional growth funds, which operate on standard 10-year horizons. This allows the Continuity Fund to hold founder-led technology businesses indefinitely, providing equity checks for primary growth capital and secondary share purchases without a forced exit timeline. The fund was designed specifically for companies that compound value over decades rather than the typical private equity hold period.

### How does the Continuity Fund source deals?

The Continuity Fund sources deals primarily through ICONIQ Capital's deep network of technology founders, executives, and ultra-high-net-worth families — a community built over two decades of managing wealth for the Silicon Valley elite. The permanent-capital structure itself is a sourcing advantage, as founders often prefer a long-duration partner who will not force a sale within a fixed fund life.

### Is the ICON Continuity Fund open to external investors?

The Continuity Fund raises capital from ICONIQ's existing client base of technology founders, family offices, and select institutional investors. It is not broadly marketed to the public and operates as a private investment vehicle. The limited-partner base is designed to have long-term, patient capital aligned with the fund's indefinite hold strategy.

### What is the relationship between the Continuity Fund and the rest of ICONIQ Capital?

The Continuity Fund is a separately managed vehicle within ICONIQ Capital's multi-strategy platform, operating alongside ICONIQ Growth, ICONIQ Impact, and the firm's family-office advisory business. It has its own dedicated investment committee and CEO, distinct from ICONIQ Growth, though it benefits from the parent platform's sourcing network, operational infrastructure, and offices in Palo Alto, San Francisco, and New York.

## Related profiles

- [KNS Group](https://altss.com/profile/kns-group)
- [Wonder](https://altss.com/profile/wonder)

---

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

Canonical page: https://altss.com/profile/icon-continuity-fund

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology