Vault Fund invests in company-building firms that systematically create new companies — maximizing upside through a repeatable, risk-managed playbook.
Company-building firms span private equity and venture capital — including venture studios, roll-up platforms, and serial entrepreneurs. Their repeatable playbooks create structural advantages that drive faster, higher returns.
Sarah has over 12 years of private equity and banking experience and has been investing in early-stage ventures for more than eight years. Prior to founding Vault Fund, Sarah was the Fund Manager at The Cintrifuse Syndicate Fund — a strategic fund of funds with more than $100M in AUM, investing in early-stage venture capital funds across the United States.
Cintrifuse Syndicate Fund investors include P&G, Kroger, Great American Financial, Smuckers, Western Southern, along with other large corporations. The Fund invests primarily to give its member corporations access to innovation. Sarah's Cintrifuse investments included Atlas, Atomic, Greycroft, Lerer, Upfront, Madrona, and Revolution Ventures.
Prior to her role at Cintrifuse, Sarah worked with early-stage venture funds and technology companies as Vice President at JP Morgan in San Francisco, and as an investment banker at the Royal Bank of Canada (RBC).
Sarah earned her Bachelor of Science from the University of Florida, where she was a pole vaulter on the Women's Track and Field team, and her MBA from UCLA's Anderson School of Management.
Francisco is a Partner at Vault Fund, focused on pipeline development, diligence, and regularly working with our underlying portfolio of company creation funds.
Prior to joining Vault Fund, Francisco was a Director at Allocate, a digital platform for private alternatives, where he worked closely with fund managers across the different stages of venture. Francisco and Sarah also worked together at Cintrifuse, where he focused on early-stage venture. During his time as an allocator, he has met with 400+ funds across the country and led diligence on 40+ investments.
In prior roles, Francisco worked in Finance at Fifth Third Bank and Schneider Electric where he covered Corporate Treasury and FP&A.
Francisco earned his Bachelor of Science in Finance and a minor in Spanish Language and Culture from Miami University.
Vault Fund invests exclusively in company creation entities (“company creators”), otherwise known as venture studios. Vault defines a company creator as an entity that serves as the founder or co-founder across their portfolio. Investing in this space since 2015, the leaders of Vault Fund strongly believe that company creation funds have business model advantages to scale innovation and build high-quality, resilient companies that create portfolio-level alpha more efficiently.
Company Creators continue to drive strong returns but are poorly understood. Company Creation Firms are growing around the world and in every sector. The data produced provides a better understanding of the success and expansion of the model. This dataset aims to provide a better understanding of the structures, ownerships, and outcomes of the company creation category. The pace of expansion among company creators is significant, and clear patterns are emerging from the industry. Providing industry-level data can help the category optimize across structure, process, and talent. This paper is the culmination of our discussions with over 140 studios worldwide over the last 30 months. The company creation fund space is not currently well understood by traditional investors due to the lack of data and tenure that exists for the business model. Vault’s exclusive focus on this category has driven an inclusive dataset to track variables around process, ownership, and structure.