# Route One Investment Company

Route One Investment Company is a RIA based in San Francisco, United States.

## Overview

- **Organization type:** RIA
- **Headquarters:** San Francisco, United States
- **Region:** North America
- **Address:** San Francisco, CA, United States
- **Founded:** 2004
- **Assets under management:** $2B – $5B (Altss estimate)
- **Website:** routeoneinvestment.com

## Regulatory record

- **CRD number:** 156398
- **SEC file number:** 801-72235
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/156398

## About

ROUTE ONE INVESTMENT COMPANY, L.P. is an SEC-registered investment adviser in SAN FRANCISCO, CA, registered since 2011. The firm manages approximately $4.7 billion in assets. It has 20 employees and 8 investment advisers.

## Sectors

- Enterprise Software
- Cybersecurity
- Infrastructure
- Healthcare Services
- Real Estate

## People

- Michael Goguen — Managing Partner
- Eric Carlson — Chief Financial Officer

## Questions

### Who runs investment decisions at Route One Investment Company?

Michael Goguen is the Managing Partner and primary decision-maker, overseeing all investment activity. He previously spent 15 years at Sequoia Capital, where he led investments that shaped the firm's enterprise portfolio.

### How does Route One source proprietary deal flow?

Route One differentiates by focusing on secondary purchases from founders and early employees in late-stage private companies. This sourcing approach avoids auction processes and provides direct access to shareholders seeking liquidity.

### Does Route One participate in fund commitments or only direct deals?

The firm participates in both. It maintains a fund-of-funds program alongside its direct co-investment and credit strategies. Route One has committed to external venture and buyout funds while also leading direct deals.

### Which sectors does Route One explicitly avoid?

The firm avoids early-stage venture, seed rounds, and cryptocurrency-native businesses. It also does not invest in tobacco, gambling, or weapons manufacturing.

## Related profiles

- [Lyon Capital Strategies](https://altss.com/profile/lyon-capital-strategies)
- [Conley Capital Group](https://altss.com/profile/conley-capital-group)

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Last updated: 2026-07-06T01:24:24.654Z

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