We back the people building what New York will depend on.
The people we've backed.
A partial window into the active book — the founders building the firm's current cohort of twenty-two companies.
Daniel Moreno
Founder & CEO, ClimateTrade
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Anushka Rao
Co-founder, one37
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Marcus Holbrook
Founder, Right to Invest
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Claire Whitfield
CEO, Vault Kinetics
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Theo Kim
Founder, Elara
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Ines Bautista
CEO, Quay
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Jonah Alderidge
Co-founder, Trinity Yield
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Priya Menon
CEO, Heliograph
Read story →Small on purpose. Long on patience.
Six people, one office. The partner who meets you at the first pitch is the partner who sits in your board meetings at Series C. There are no regional principals, no associates routing your deck, no carry splits with a Silicon Valley parent.
We lead twelve to fifteen rounds a year and hold for the long arc — through Series B, secondary rounds, and public listings. A quarter of our invested capital is reserved for the companies we already know.
Read the investment thesis
Capital is the easiest thing we bring. The hardest is the patient introduction — to the right person, at the right institution, at the right moment.Edward H. Van Alen · Managing Partner
Writing we've put our name to.
Notes, essays, and occasional letters from partners — thinking out loud about the institutions that interest us.
What we've learned about settlement rails after four years investing in them.
A quiet reflection on why the carbon market, the identity market, and the private-securities market all eventually look the same.
The case for slower capital.
Why the firm has never raised larger than $140M, and why we believe the next decade rewards funds that can hold positions for ten years.
Notes from the permitting layer.
What six months sitting in municipal-planning offices taught us about the real bottleneck on American climate infrastructure.
Why most venture firms quietly leave New York.
A data-backed look at the gravitational pull westward, and an argument for why the firm still believes in building here.
What we look for in a category-creating founder.
An internal framework Margaret wrote for associates — now public, since other founders kept asking us for it.
A transcript with Julian Ashford on late-stage strategy.
Our capital-markets partner on when to take secondary, when to stay private, and how founders should actually think about the IPO window.
A concentrated book.
Twenty-two active investments across fintech, identity, climate, and vertical enterprise. A selection below.
Six people. One office.
There is no regional partner in Austin who'll also be your sponsor. No associate pipelined to a parent firm in Silicon Valley. Your sponsor at Carnegie Hill is the person who wrote the check and picks up the phone when something breaks.
Five partners and principals, one head of operations. Everyone sits on Madison. Everyone answers their own email.
Meet the teamIf you're building something New York will rely on — let's talk.
We read every inbound personally. A one-page summary, the deck, and a brief intro is enough. Typical response within five business days.