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Penn First Advisors
PENN FIRST ADVISORS is a state-registered investment adviser in TANNERSVILLE, PA. The firm manages approximately $5 million in regulatory assets.
Overview
PENN FIRST ADVISORS is a state-registered investment adviser in TANNERSVILLE, PA. The firm manages approximately $5 million in regulatory assets. It has 1 employee and 1 investment adviser.
General information
Firm type
RIA
Location
Region
North America
Country
United States
City
Tannersville
Corporate office
Philadelphia, PA, United States
Principals
Richard Vague
Founder
Sector focus
Frequently asked questions
Who runs investment decisions at Penn First Advisors?
Richard Vague serves as the founder and primary principal overseeing investment decisions. Vague has a deep operating background, having co-founded First USA Bank and Juniper Financial, and he draws on a network of regional venture partners for deal evaluation. The firm has not publicly disclosed a separate CIO or investment committee structure.
How does Penn First Advisors source its venture deals?
The firm sources heavily through Philadelphia's local technology and investment ecosystem. Vague maintains long-standing relationships with regional venture groups including Gabriel Investments and Robin Hood Ventures. Penn First relies on this personal and geographic network rather than a public deal-solicitation process.
What is Penn First's known posture on co-investments?
Penn First Advisors co-invests regularly alongside Philadelphia-based venture firms such as Gabriel Investments and Robin Hood Ventures. The firm participates in both direct early-stage rounds and fund commitments within the Mid-Atlantic region, though specific co-investment terms are not publicly disclosed.
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