Fundraising Fox

Sycamore Ventures

Private equity

Princeton · Growth–Late Stage · 13 people tracked

Also known as Sycamore Partners Management, L.P.

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Investment thesis

Sycamore Ventures invests across multiple geographies through distinct strategies. Its asiaSTAR funds target the Greater China region, backing expansion-stage companies with strong management and potential to lead niche sectors such as IT, consumer, manufacturing, and media. In India, it focuses on midsize companies with mature business models, sustainable profitability, and strong top-line growth potential. In the US, it invests in late-stage information technology and bio-pharmaceutical companies with proven business models and capable management. Portfolio companies benefit from the firm's financial and operational expertise, global capital-market relationships, and support for business development, financial restructuring, and M&A.

Source: firm website, verified Aug 7, 2026.

Stage
Growth–Late Stage
Check
$5M – $20M
HQ
Princeton, New Jersey, US
Instruments
Equity
Founded
1995
AUM
$400M

Team · 13 people

from the firm's website & public directories
Kilin To· Founder and Managing Partner
Peter Gerry· Founder and Managing Partner
DK Hwu· Managing Partner, Sycamore Taiwan
Kevin Yeh· Partner
Tony Tseng· President and Managing Partner, Sycamore Taiwan
Charles Law· Legal Counsel
Henry Lu· Investment Professional, Ph.D.
Jeffrey Yiin· Investment Professional, Ph.D.
Jonas Wang· Investment Professional
Jason Xu· Investment Professional
Seth Pierrepont· Investment Professional

Fund performance · per public LP disclosures · 3

as of Sep 2025
FundVintageCommittedNet IRRTVPIDPI
Sycamore IIILPs: Teachers' Retirement System of Oklahoma201814.8%1.42x0.37x
Sycamore IILPs: Teachers' Retirement System of Oklahoma20144.4%1.23x0.57x
Sycamore ILPs: Teachers' Retirement System of Oklahoma201123.9%2.02x1.59x

Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).

Frequently asked questions

What stage does Sycamore Ventures invest at?
Sycamore Ventures invests at the Growth, Late Stage stages.
What is Sycamore Ventures's typical check size?
Sycamore Ventures typically writes checks of $5M – $20M.
What sectors does Sycamore Ventures focus on?
Sycamore Ventures focuses on Advanced Manufacturing, Biotech, Cloud Computing, Consumer, Data & Infrastructure, Enterprise Software, Fintech, Hardware, Healthtech, Media & Entertainment, Medical Devices, Retail Tech, SaaS.
Where is Sycamore Ventures located?
Sycamore Ventures is headquartered in Princeton, US.

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