Latest fund size
$3.3B
Announced
November 6, 2026
Global HQ
United States
Members only
Check size
$1M-$20M+
Members only
Stage focus
Seed, Growth, Late Stage
Members only
Regions of investment
United States
Members only
Valor Equity Partners is a Chicago-based investment firm founded in 1995 by Antonio Gracias. Operating as an operational growth investor, Valor pairs capital with hands-on support through its in-house Scale Group, working with portfolio companies starting before a deal closes. The firm is known for its long-standing backing of companies including Tesla, SpaceX, and Anduril.
Antonio Gracias, Founder, CEO and Chief Investment Officer
Juan Sabater, Partner and Co-President
Jon Shulkin, Partner and Co-President
Vivek Pattipati, Partner
Bradley Sheftel, Partner
Christopher Murphy, Partner
Christopher Cavoli, Partner
David Heskett, Principal
Ian Mackenzie, Vice President
Anna Gurevich, Vice President
Lindsay Bu, Vice President
Arunesh Mittal, Vice President
Kenan Sakarcan, Vice President
Justin Yannix, Vice President
Katie Smith, Vice President
Martin Joyce, Vice President
Peter Stoffel, Vice President
Charlotte Wang, Vice President
Mahal Johnson, Senior Associate
Maxwell Krohn, Senior Associate
Steven Henriquez, Senior Associate
Members only
Names, roles, emails and LinkedIn profiles for the team, plus the fund's website.
Valor Equity Partners is a generalist investor in technology and technology-enabled companies that are disrupting existing industries, with particular depth in aerospace and defense, enterprise software and AI, healthcare and digital health, fintech and financial services, climate and clean energy, consumer, food and retail, robotics and automation, and biotech and life sciences.
The firm invests across the company lifecycle: early-stage research and development bets through its Seed Fund, growth-stage investments through its flagship funds, and late-stage positions through its Opportunity Fund, taking both non-control and control stakes depending on the fund and the deal.
Investments are concentrated primarily in the United States.
Members only
What the fund looks for in founders and which sectors it backs.
Valor Equity Partners closed its seventh flagship fund at $3.3 billion, exceeding the at-least-$2.5-billion target it set when it began raising the vehicle in 2026.
The close follows the firm's August 2024 close of Fund VI at $2.35 billion, which was above its $2 billion target, alongside more than $1 billion in new commitments to other Valor-managed vehicles, including Valor Siren Ventures II and the Valor Opportunity Fund, for $3.4 billion in total new commitments at that time. Valor manages approximately $17.5 billion in assets across its fund strategies.
Limited partners include public pension plans, sovereign wealth funds, multinational corporations, family offices, endowments, and foundations based in the United States and internationally.
Members only
Fund size, LPs and track record.
Leadership
Investment Strategy
Valor pairs capital with operational involvement, engaging its in-house Scale Group with portfolio companies starting before a deal closes.
Check sizes vary by fund, from roughly $1 million to $5 million for early-stage bets through the Seed Fund to significantly larger checks for growth and late-stage positions through its flagship and Opportunity funds.
The firm targets a base-case gross return of 3 to 5 times invested capital and makes investment decisions through a full Investment Committee model in which Antonio Gracias sits on every committee.
Notable Investments
Notable Exits
Members only
Leadership, investment strategy, notable investments and exits.
