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Service Provider Capital
Service Provider Capital is a venture capital fund whose limited partners include the most knowledgeable, respected and best connected service providers...
Service Provider Capital
Service Provider Capital is a venture capital fund whose limited partners include the most knowledgeable, respected and best connected service providers in the industry. The fund focuses on making small co-investments in institutionally led Series A deals. The fund adds strategic value to its portfolio companies by making its service provider limited partners available to provide introductions to potential investors and commercial/strategic partners and to provide informal guidance on legal, accounting, finance, real estate and other matters relevant to start-up companies.
General information
Firm type
Private Equity
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Vail
Corporate office
Vail, CO, United States
Principals
Jody Shepherd
Founder, Managing Director, Rocky Mountain
Noah Pittard
Founder, Special Advisor
Galen Mason
Managing Director, Midwest
Doug Spear
Managing Director, Southeast
Ned Hill
Managing Director, Southeast & Texas
Pat Cerone
Managing Director, Midwest
Phil Gager
Managing Director, New England
Stefan Spazek
Managing Director, New England
Brian Gordon
Managing Director, Southeast
Lori Pickle Allen
Managing Director, Texas
Minh Le
Managing Director, Pacific Northwest
Craig Sherman
Managing Director, Pacific Northwest
David Wickwire
Managing Director, Pacific Northwest
Earl Henderson
Managing Director, Texas
Sector focus
Frequently asked questions
How does Service Provider Capital source deals?
Each regional fund is managed by a practicing venture lawyer or banker — partners at Cooley, Wilson Sonsini, Stifel Bank, Trinity Capital, and similar firms — who encounter institutional-led Seed and Series A rounds in their daily work. The fund co-invests in those rounds on the lead investor's terms, without originating or negotiating deals independently.
Does the firm take board seats or negotiate special rights?
No. Service Provider Capital states explicitly that it does not negotiate terms, ask for board seats, or seek special rights. It co-invests on the terms set by the institutional venture lead and covers its own legal fees.
Who runs investment decisions at Service Provider Capital?
Each regional fund has a dedicated managing director — typically a partner at a law firm or a venture-bank managing director — who runs that fund's activity. The firm lists 14 managing directors across six regions, with founders Jody Shepherd (Customers Bank) and Noah Pittard (Cooley) overseeing the Rocky Mountain fund and acting in a firm-wide capacity respectively.
Is Service Provider Capital structured as a single family office or does it operate more like a venture firm?
It operates as a venture capital co-investment platform, not a family office. The firm runs six regionally branded venture funds that pool capital from over 400 strategic investors — primarily service providers — to co-invest in Seed and Series A rounds led by institutional venture funds.
Does Service Provider Capital participate in fund commitments or only direct deals?
The firm only participates in direct co-investments into Seed and Series A rounds. There is no indication it makes fund commitments to other venture capital firms.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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