Northgate Capital Explained

Northgate Capital
Industry:Venture capital
Founded:2000
Founder:Brent Jones
Tommy Vardell
Hq Location City:San Francisco, California
Danville, California
London, United Kingdom
Mexico City, Mexico
Key People:Managing director:
Alfredo Alfaro[1]

Northgate Capital is a venture capital and private equity investment firm with approximately $4.9 billion of assets under management and offices in San Francisco, Danville, Mexico City and London.[2]

History

Northgate was founded in 2000 by Brent Jones and Tommy Vardell following their retirement from the National Football League.

In 2010, Jones and Vardell sold a majority stake in Northgate to Religare Enterprises, an Indian financial services company, and continued to manage the firm as Partners.[3]

In 2016, Religare and Northgate's management team sold 100% ownership of Northgate to The Capital Partnership, a private investment firm, with offices in London and Dubai. Following the acquisition by TCP, both Jones and Vardell transitioned to the role of Founders and Senior Advisors to Northgate.[4]

In 2023, Northgate Capitol partners with Covariant in its research into artificial intelligence platforms.[5]

Notes and References

  1. Web site: Some of our Colleagues. Northgate. 2019-06-07.
  2. Web site: Northgate promotes one to CFO, hires head of IR. 2019-03-22. PE Hub. 2019-04-09.
  3. Web site: Religare acquires majority stake in Northgate Capital. domain-b.com. 2019-04-09.
  4. Web site: Northgate says co-founding ex-NFLers Brent Jones, Tommy Vardell expected to stay after sale. www.bizjournals.com. 2019-04-09.
  5. Web site: Covariant announces $75 million in backing for its artificial intelligence platform DC Velocity . 2023-09-20 . www.dcvelocity.com . en.