About the Partnership Fund
Founded by Henry Kravis in 1996 and capitalized by New York’s leaders of business and finance, the Partnership Fund’s mission is to mobilize our investors’ resources — their money, time and influence — to create jobs, spur new business creation and to expand opportunities to participate in the economy to all of the city’s residents and neighborhoods. Learn more about our investment objectives.
We are an “evergreen” fund — realized gains are continuously reinvested in deserving projects. Since inception, the Fund has invested in excess of $135 million in over 150 exemplary projects. Our exited and current portfolio companies have and continue to make meaningful impact on local economic growth.
The Fund engages the city’s business leaders to identify and support promising entrepreneurs in both for-profit and non-profit sectors. Hundreds of business leaders volunteer their time annually on our sector advisory boards, investment evaluation teams and as judges and mentors in our programs.
We invest exclusively in NYC based ventures — both for-profit and non-profit — with an overall job creation priority. Learn about our investment criteria and proposal requirements.Our strategic focus:
- Investing to spur growth in new & emerging tech and innovation sectors in NYC. Current focus includes fintech, health IT, life sciences and digital manufacturing. $43M invested since inception.
- Investing to increase economic opportunity for under-served populations and communities and to support minority and women entrepreneurs. $66.5M invested since inception.
- Investing to leverage private sector resources and expertise, in partnership with City and State government, to support innovation, infrastructure and sustainability. $26M invested since inception.
Our enterprise tech programs—including the FinTech Innovation Lab, NY Digital Health Accelerator and NY Fashion Tech Lab—leverage NYC’s concentration of corporate customers to accelerate growth of early and growth stage tech companies in key sectors.