Steadfast Capital Management

Steadfast Capital Management LP is a New York-based investment firm primarily known for its long/short equity strategies in public markets. Founded by Robert Pitts, the firm manages substantial capital, with regulatory filings indicating assets under management often exceeding $10 billion. While their core focus remains public equities, Steadfast also engages in opportunistic private market investments.

These private investments, however, typically align more with growth equity or pre-IPO stages rather than early-stage venture capital. Publicly available data, such as Crunchbase, shows their participation in significant funding rounds for established growth companies. For instance, they have been noted as investors in Series C, D, and later rounds, often alongside other large institutional investors. Examples include their involvement in a Series C round for Carbon Health, which raised $100 million, and a Series E round for Flexport, which secured $900 million.

Due to their primary orientation towards public market strategies and the later-stage nature of their private investments, Steadfast Capital Management does not operate as a traditional early-stage venture capital firm. Information regarding their specific 'first cheque' sizes for seed or Series A rounds is not publicly available, as their entry points into private companies are generally at more mature stages. Consequently, defining a typical first cheque range in the context of early-stage venture capital is not feasible based on reliable public data.