# Fifth Down Capital: portfolio, investments and team

> Fifth Down Capital is a private equity based in United States. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/fifth-down-capital (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# Fifth Down Capital

No observed cheques in the sources we track. That is a limit of our coverage, not a finding about this organisation.

Email

Private equity Unknown

Seed Series A Series B B-to-c B2C B2b2c

Follow Fifth Down Capital and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Ffifth-down-capital)

Cheques on record

**No rounds observed yet** A limit of the sources we read, not a finding about the firm.

Cheque size, as they say **$100K – $5.0M**

Pitch Fifth Down Capital

Another investor of this name exists, and we could not establish from the rounds which of them the press meant. Treat the record below as possibly belonging to either. [Tell us which](https://millionrounds.com/corrections?slug=fifth-down-capital) if you know.

## What they do

> Our platform includes a direct investment strategy, fund of funds strategy, and secondary strategy, providing us with the ability to allocate capital across the venture landscape and support innovation at multiple stages. From their own website

- **Type:** Private equity (from a list, unverified)
- **Cheque size:** $100K – $5.0M as they say
- **Stages:** Seed Series A Series B Growth Pre-IPO
- **Sectors:** B-to-c B2C B2b2c
- **Based in:** Boston, United States
- **Cold pitches:** Not accepted

## The record

No rounds observed yet. That is a limit of the sources we read, not a finding about the firm. If it has invested, a round will put it here. [Know a round it was in? Tell us](https://millionrounds.com/corrections?slug=fifth-down-capital).

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **4 named**

AM **Andrew Michael Spellman** Founder & Managing Partner i Form ADV

BR **Brian Rowen** President & Managing Partner i Form ADV

CJ **Charlotte Joy Edelman** General Counsel & Chief Compliance Officer i Form ADV

MQ **Matthew Quinn Christensen** Member i Form ADV

We also hold **4** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$1.9B** assets it manages Oct 2026

**Registered** investment adviser full reporting to the SEC

- **Legal name:** Fifth DOWN CAP LLC
- **SEC number:** CRD 312861

Funds on its Form ADV

**32** private funds, **$402M** in gross assets · filed Dec 2024

Special purpose vehicle **16** Fund of funds **11** Spv to acquire sports cards **2**

- Fifth Down Fund of Funds 2022 LLC *Fund of funds* 87 investors $63M
- Fifth Down Capital Fund II L.P. *Fund of funds* 119 investors $63M
- Fifth Down Fund of Funds I LLC *Fund of funds* 96 investors $62M
- FDC SX SPV II LLC *Special purpose vehicle* 62 investors $26M
- FDC SX SPV III LLC *Special purpose vehicle* 30 investors $25M
- FDC SX SPV LLC *Special purpose vehicle* 26 investors $21M
- 137 Opportunity Fund AMS *Fund of funds* 23 investors $20M
- FDC MHH Series A SPV LLC *Special purpose vehicle* 50 investors $15M
- FDC GSTO SPV LLC *Special purpose vehicle* 16 investors $15M
- Fifth Down Capital Fund I, L.P. *Fund of funds* 47 investors $14M

And 22 more on the filing.

## What they claim to have backed

From their own portfolio page (on their website)

**17** of 25 we have independently watched raise

[Anduril](https://millionrounds.com/company/anduril-industries)[Cape](https://millionrounds.com/company/cape)[Databento](https://millionrounds.com/company/databento)[Erebor](https://millionrounds.com/company/erebor)[Geckorobotics](https://millionrounds.com/company/gecko-robotics)[Hikemedical](https://millionrounds.com/company/hike-medical)[Kindredmotorworks](https://millionrounds.com/company/kindred-motorworks)[Northslope](https://millionrounds.com/company/northslope)[Numeric](https://millionrounds.com/company/numeric)[Peregrine](https://millionrounds.com/company/peregrine-technologies)[Reflexivity](https://millionrounds.com/company/reflexivity)[Sentilink](https://millionrounds.com/company/sentilink)[Thezeroproof](https://millionrounds.com/company/the-zero-proof)[Twochairs](https://millionrounds.com/company/two-chairs)[Valinor](https://millionrounds.com/company/valinor)[Verkada](https://millionrounds.com/company/verkada)[Vulcanelements](https://millionrounds.com/company/vulcan-elements) Arenaphysica Askchapter Daisyco Dumplingdaughter Eatfishwife Edgescaleai Lovb Mikeshothoney

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

**Pitching Fifth Down Capital?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Quick answers about Fifth Down Capital

### What does Fifth Down Capital invest in?

Fifth Down Capital says it invests in B-to-c, B2C and B2b2c.

### How big are Fifth Down Capital's cheques?

It says it writes cheques of $100K to $5.0M.

### Is Fifth Down Capital investing now?

No investments in the last 12 months.

### What kind of investor is Fifth Down Capital?

Fifth Down Capital is a private equity firm based in Boston, United States.

### How much does Fifth Down Capital manage?

About $1.9B, as regulatory assets under management (Oct 2026).

### When was Fifth Down Capital founded?

Fifth Down Capital was founded in 2014.

### Where does this information on Fifth Down Capital come from?

From public registers and its own website, checked and rebuilt every night.

## Raising now?

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Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=fifth-down-capital) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=fifth-down-capital)
