Pacific Venture Group

Tom Siegel, as CEO and Managing Director, leads the investment committee alongside Chairman Mark Siegel and Partner Mark Tepper. The firm operates with a consensus-driven process, but Tom Siegel holds final say on new commitments. The senior team has worked together for more than 15 years, which concentrates decision rights in a small, long-tenured group.

Pacific Venture Group sources roughly two-thirds of its pipeline through founder and operator referrals built over three decades in Los Angeles technology and media circles. The firm rarely participates in formal auction processes, preferring to build relationships with CEOs one to two years before a funding event. Its anchor investment in Take-Two Interactive opened lasting relationships across the gaming and digital media ecosystem.

It operates as a hybrid. The firm was originally capitalized by the Siegel family and continues to manage family capital, but it has also accepted institutional and other family co-investors on a deal-by-deal basis since the early 2000s. Unlike most family offices, Pacific Venture Group takes board seats, leads rounds, and competes for allocations against traditional growth-equity firms.

Pacific Venture Group invests almost exclusively through direct, company-level equity — it does not make fund commitments to outside general partners. The firm will occasionally invest alongside other private equity or venture funds in a syndicate, but it underwrites each deal on its own merits rather than relying on a sponsor's due diligence.

Initial equity checks range from $10 million to $50 million per company, with reserves for two to three follow-on rounds. The firm targets minority ownership positions of 15 to 30 percent and seeks board representation in most deals. It has occasionally written checks below $10 million for earlier-stage companies where a founder relationship justified a smaller entry.

The firm regularly co-invests with other growth-stage and late-stage venture managers, particularly those based on the West Coast. Pacific Venture Group will syndicate when the lead investor brings sector expertise or operational resources the firm does not maintain in-house. It does not operate a formal co-investment club, and each syndicate relationship is negotiated deal by deal.

The firm has historically avoided capital-intensive hardware, deep-tech, and biotech therapeutics requiring FDA approval. It will not invest in companies that are pre-revenue or still in R&D phases, preferring businesses with clear unit economics and at least $10 million in annual recurring revenue. It has also avoided direct real estate and energy investments, staying within software and tech-enabled services.