About
A pursuit of the absurd and truthful.
I started in tech banking at Piper Jaffray, moved to the buy-side at StepStone, and then joined Mousse Partners, a large family office, where I invested in venture funds and companies. I joined Privateer, one of the companies I invested in at Mousse, to lead strategic finance. There, I redesigned the shopping funnel for a three-sided marketplace and worked on a spectrum of public, private, and fundraising transactions. I brought Delta Emerald, a data science-powered VC firm, onto the cap table through one of those fundraises, built a relationship with the firm over three years, and then joined to lead capital formation.
I became a father in November 2024 and took an extended break to spend time with my son. No other adventure has been as beautiful or absurd. Writing about it at heirloom.substack.com.
More on my work below. Get in touch here.
Piper Jaffray | TMT Investment Banking Analyst | NYC | 2010 – 2012. Fortuitous timing as Internet 2.0 and social media 1.0 ramped. Found that I wanted to work with early-stage companies in a partnership rather than a transactional model.
Representative deals
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| Deal type | IPO | Merger | Series B | Secondary |
| Amount raised | $16B | N/A | $40M | $134M |
| Valuation | $104B | $1.4B | $200M | $940M |
StepStone Group | Analyst | NYC | 2012 – 2015. I met with hundreds of managers and entrepreneurs. Exceptional talent came through the door, but we couldn't match them with an LP because they weren't at a fund IV yet. I wanted to partner with emerging managers at fund I.
Mousse Partners | Associate | NYC | 2015 – 2018. One of a two-person team managing a $1 billion venture portfolio of fund and direct investments. The strategy: back idiosyncratic managers as early as possible and provide capital at scale to their breakout companies. I left to work in one of the largest known but unproven consumer markets in existence.
Select fund commitments at the first or first institutional fund:
Select directs:
Privateer was another Mousse portfolio company, and one where I sat on the board. The company operated across North America's legal cannabis markets. As $60 billion of annual spend in illicit markets moved into legal channels, it presented stark opportunities for technology: education, commerce, resource management, compliance, and logistics. I wanted to build in that vacuum. I led M&A and capital markets for the portfolio. We completed two mergers and raised more than $400 million.
Some of that capital came from Delta Emerald, a data-science-powered investment firm. I managed the firm's data products, translating $3 billion of annual transaction data into insights for portfolio companies and LPs.
I became a father in November 2024, and that has been my primary focus since. No other adventure has been so beautiful and so absurd. Most of the time, there's no difference between the two.
Delta Emerald wound down in early 2025. I'm now looking for my next role, one with a family office in need of a private markets lead, or a growth-stage business in need of a strategic finance lead.
Get in touch: adam@alcd.xyz