GP Runway Fund

Flexible working capital loans for Capital Entrepreneurs.

Team Expansion

Fundraising Travel & Events

Fund Formation
+ Legal Costs

We provide flexible, non-dilutive working capital loans to GPs as they launch, build, and scale enduring firms. Fund managers raising funds I - III can access $100k - 500k loans for fund formation, hiring, and firm expansion expenses to accelerate fundraising progress and achieve institutional scale. Our approach goes beyond capital, leveraging our network to provide advice, resources, and an ecosystem where Capital Entrepreneurs thrive.

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Eligibility Criteria

US-based firm

Primarily investing in US-based businesses

Raising fund I, II, or III with a target size of $10M - $250M

Venture Capital, Private Equity, Private Credit, or innovative strategy

Targeting market-rate returns

Key Terms

Structure

Single-draw, fixed-rate term loan to the Management Company

Term

2-4 years

Payment Schedule

Initial Interest-only period, followed by quarterly amortizing payments

Permitted use of funds

Flexible; Firm & fund formation, operating, and growth expenses including hiring, travel, service providers

Collateral

No collateral or personal guarantee required

Dilution Impact

None

Strategic Value

Accelerate firm operational capacity, receive post-investment support & partnership

Frequently Asked Questions

GP Runway Fund in Action

Examples of how GPRF loans can be used:

Venture Fund I

deployed a

$200K

working capital loan to

scale platform operations with an in-house accelerator and dedicated staff member.

GP Runway Fund Borrower

Working capital allowed us to hire a new Partner who has a decade of operating and investing experience. His transition to Fiat Ventures turned out to be an immediate accelerant, and allowed us to hit milestones months ahead of schedule. We decided to partner with Catalyze due to their competitive product offering, guidance throughout the process, and deep network and understanding of the firm we’re building. It’s rare to find a financial partner who also has your best interests in mind when offering their solution.

Marcos Fernandez, Fiat Ventures

Fiat Ventures
Marcos Fernandez