Fifth Down Capital
Venture capital firm; new investor in Valinor Enterprises' $54M Series A (January 2026).
Fifth Down Capital (legal name Fifth Down Cap LLC) is a Boston-based investment firm founded in 2014 by Andrew Spellman. Named partners include Andrew Spellman (Founder & Managing Partner), Janki Lalani Gandhi (Managing Partner), Charlotte Edelman (Chief Administrative/Legal Officer & CCO), and Mara Smith and Kerry Burke (Partners, Co-Heads of Finance). New investor in Valinor Enterprises' $54 million Series A (January 2026).
Overview
- Firm
- Fifth Down Capital
- Headquarters
- Boston, MA
- Founded
- 2014
- AUM
- $1.87 billion (SEC Form ADV, filed July 2026)
- Stages
- Series A, Growth
- Thesis
- Fifth Down Capital invests in private companies and funds through direct investment, fund-of-funds, and secondary strategies. It partners with generational companies and compelling fund managers, shaping large, enduring markets, sourced through a curated ecosystem of venture firms and portfolio company founders. Per the firm's own site, it does not evaluate inbound investment solicitations.
- Website
- www.fifthdown.com
Portfolio companies1
Partners0
No linked records yet.
Frequently asked
- What is Fifth Down Capital?
- Fifth Down Capital invests in private companies and funds through direct investment, fund-of-funds, and secondary strategies. It partners with generational companies and compelling fund managers, shaping large, enduring markets, sourced through a curated ecosystem of venture firms and portfolio company founders. Per the firm's own site, it does not evaluate inbound investment solicitations.
- How much does Fifth Down Capital manage?
- Fifth Down Capital manages $1.87 billion (SEC Form ADV, filed July 2026) in assets, and was founded in 2014.
- What stages does Fifth Down Capital invest at?
- Fifth Down Capital invests at Series A, Growth.
Sources & citations4
Each claim links to its underlying source. Confidence reflects how directly the source supports the claim.
- 1
Fifth Down Capital participated as a new investor in Valinor Enterprises' $54 million Series A (January 2026)
PR Newswire: Valinor Enterprises: $85 Million Raised to Scale New Operating Model for DefenseVerified2026-01-08 - 2
Fifth Down Capital invests through direct investment, fund-of-funds, and secondary strategies, partnering with generational companies and compelling fund managers
Fifth Down Capital: Fifth Down Capital — AboutVerified2026-08-09 - 3
Fifth Down Cap LLC (SEC CRD #312861) reported $1,870,359,993 in regulatory assets under management; Andrew Spellman listed as founding control person since 01/2014; other named control persons include Janki Lalani Gandhi, Charlotte Edelman, Mara Smith, and Kerry Burke
U.S. Securities and Exchange Commission: Form ADV — Fifth Down Cap LLC (CRD #312861)Verified2026-07-01 - 4
Fifth Down Capital headquartered in Boston, MA
LinkedIn: Fifth Down Capital company pageVerified2026-08-09