Asset Manager

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Thompson Clive & Partners

Thompson Clive & Partners launched in 1977 when European venture capital was nascent.

Thompson Clive & Partners

Thompson Clive & Partners launched in 1977 when European venture capital was nascent. Peter Thompson and Colin Clive structured the firm to invest on both sides of the Atlantic, maintaining offices in London and San Francisco. That dual-presence gave them access to US venture deal flow at a time when most European investors relied on third-party introductions. The firm raised and deployed multiple funds through the 1980s and 1990s, building a portfolio concentrated in enterprise software, semiconductors, and early internet infrastructure. The firm's deployment strategy spans seed through growth-stage technology companies. Known portfolio positions have included enterprise software, networking hardware, and biotechnology concerns in both North America and Western Europe. The partnership structure historically favored direct equity investments rather than fund-of-funds commitments, with capital called from institutional LPs including European pension funds and family offices. Geographic coverage concentrates on the United States, United Kingdom, and select Northern European markets where the firm maintained direct sourcing relationships. Thompson Clive & Partners operates from London with an additional office in San Francisco. The firm's partnership model has historically been lean, with a small group of general partners making investment decisions. In the late 1990s, the firm participated in the first generation of European internet company financings, adding digital infrastructure to an already diversified technology book. Thompson Clive has not publicly disclosed current assets under management. The firm's structural differentiator is its longevity as an independent, partner-owned venture practice without corporate parent or government mandate. Four decades of transatlantic sourcing relationships create an origination moat that newer European funds cannot replicate quickly. The partnership has maintained the same brand and independent governance since 1977, surviving multiple technology cycles without acquisition by a larger financial institution.

General information

Firm type

Asset Manager

Year founded

1977

AUM

Undisclosed

Location

Region

Europe

Country

United Kingdom

City

London

Corporate office

London, United Kingdom

Additional offices

San Francisco, CA, United States

Principals

Peter Thompson

Co-Founder

Colin Clive

Co-Founder

Sector focus

Enterprise SoftwareAI/MLDigital HealthFinTech

Frequently asked questions

Who founded Thompson Clive & Partners and when?

Peter Thompson and Colin Clive founded the firm in 1977. Both were active in the early European venture capital community and they structured the partnership to invest on both sides of the Atlantic from inception. The firm has maintained the same brand and independent governance since its founding.

How does Thompson Clive & Partners source investment opportunities?

The firm's dual-office structure in London and San Francisco, established early in its history, provides direct access to both US and European venture deal flow. This transatlantic footprint allowed the partnership to build relationships with leading Silicon Valley venture firms during the 1980s and 1990s, creating an origination network that newer European funds could not easily replicate.

What investment stages does Thompson Clive & Partners typically target?

The firm invests across seed, early-stage, and growth-stage technology companies. Historically, Thompson Clive has focused on direct equity investments rather than fund-of-funds commitments, participating in financing rounds from initial venture backing through later-stage growth capital.

Which sectors does Thompson Clive & Partners focus on?

The partnership concentrates on enterprise software, semiconductors, digital health, fintech, and early internet infrastructure. Over multiple fund cycles, the firm has maintained a technology-first mandate, shifting allocations between subsectors as the venture landscape evolved from hardware through software and into AI-driven businesses.

Where does Thompson Clive & Partners invest geographically?

The firm invests primarily in the United States, United Kingdom, and select Northern European markets. The San Francisco office covers US deal flow while the London headquarters manages European investments and limited partner relationships on that side of the Atlantic.

Is Thompson Clive & Partners a family office or a venture capital firm?

Thompson Clive & Partners is an independent, partner-owned venture capital firm. It is not a single-family office or multi-family office. The firm raises capital from institutional limited partners including European pension funds and family offices, and deploys it into direct technology company equity investments.

How is Thompson Clive & Partners structured in terms of governance?

The firm operates as an independent partnership governed by its general partners. It has no corporate parent, no government mandate, and has not been acquired by a larger financial institution. This independent structure has persisted since 1977, across multiple venture cycles, without consolidation into a bank or asset management conglomerate.

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