Partners for Growth

The firm sources primarily through relationships with venture capital firms, relying on referrals from existing portfolio company investors rather than a large origination salesforce. Its four-decade track record and $4B deployment history create repeat business with venture firms that have worked with the lender across multiple fund cycles. Direct inbound inquiries from growth-stage companies also represent a material origination channel.

The firm's core business is debt, not equity. It underwrites senior secured loans with interest and fee compensation. Some transactions include warrant coverage, which provides modest equity upside, but that is structured as yield enhancement rather than a primary return driver. This distinguishes it from venture capital arms within the Fisher family enterprise, which take direct equity stakes.

The firm lends in North America, Europe, and select Asia-Pacific markets. Its single office in Tiburon, California handles global underwriting, supported by venture capital relationships that span multiple geographies. The firm has not established satellite offices abroad.