Cercano Management

Cercano Management is a prominent investment firm headquartered in Bellevue, Washington, which emerged from the legacy of Vulcan Capital, the private investment vehicle of late Microsoft co-founder Paul Allen. Following Allen's passing in 2018, the firm underwent a strategic transition, officially rebranding to Cercano Management in 2022. This evolution marked its shift from a single-family office to a multi-family office and a broader investment platform, continuing to manage a diverse portfolio of assets.

The firm maintains a comprehensive investment strategy, deploying capital across a wide array of asset classes, including venture capital, private equity, public equities, real estate, and alternative investments. Cercano Management oversees a substantial portfolio, with reported assets under management (AUM) reaching approximately $30 billion. This significant capital base enables them to engage in large-scale investments and support companies through various stages of growth.

Within the venture capital landscape, Cercano Management, building on Vulcan Capital's established track record, actively invests in high-growth companies, particularly within technology, life sciences, and other innovative sectors. While they participate across stages, their focus often leans towards growth and later-stage rounds, where they can provide substantial capital to accelerate development and market expansion. For their typical first checks in venture investments, the firm generally deploys capital ranging from around $5 million for promising early-growth opportunities to over $50 million for leading or co-leading more mature, larger funding rounds. Their strategic approach emphasizes long-term partnerships and value creation for their portfolio companies.