Overlay is a vertical-focused fund manager investing in venture capital and private investment opportunities.

Our investment approach is bottoms-up with a macro-level filter for key secular changes we believe will be drivers of capital allocation over the next decade. Those secular trends include increased focus on and funding for supply chain resilience, energy independence, and sustainability.

As a multi-strategy fund manager, we serve investors ranging from single family offices and advisory firms, to foundations and endowments. Overlay Capital, LLC is the fund management business of the Overlay Group, LLC.

Our Story

First to see, first to act. As investors we believe our job is to look into the future and discern the trends and opportunities taking shape, then use that information to lay strategic bets - before the world at large has caught on. It’s this leading edge philosophy that is central to our story and why we formed Overlay.

Our Mission

Our mission is to provide investors access to the best theme-driven ideas in the private markets, structured into investable strategies. This mission is grounded in a core belief that the world has become less resilient to shocks and anomalies, leading to opportunities but also presenting drawdown risk. Therefore, our underwriting is focused on how durable business models are in the face of new paradigm shifts and secular themes.

Our Work

OMV Leaders Series

Our co-investment strategy with a mandate to invest alongside top-tier venture managers focused on climate technologies and sustainable systems. Overlay provides several ways to get exposure to this strategy including our synthetic fund as well as ad hoc allocation. This strategy seeks to produce average IRRs exceeding 30%.

Learn more »

Overlay Fund Partners

We leverage our ecosystem to identify and partner with leading fund managers and gain exposure to specific asset classes. These partnerships are intentionally diversified bets representing unique viewpoints.

Learn more »

Tactical Opportunities

Occasionally, we identify opportunities that do not fit perfectly within an existing strategy or mandate. We will offer these investments on a case by case basis, typically through an SPV structure.

Learn more »