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§ Venture Capital · Wheaton, IL, USA
Venture capital firm invests in financial services, healthcare technology, technology, and business services companies.
Key people at First Trust Capital Partners.
First Trust Capital Partners is a venture capital firm based in Wheaton, Illinois, and Franklin, Tennessee, that invests in both early and growth-stage companies across the financial services, healthcare technology, and business services sectors. The firm conducts comprehensive financial analysis, due diligence, and market research to support an expanding portfolio encompassing over 135 total historical investments. Demonstrating consistent market activity, the organization has successfully executed 38 distinct investment deals over the past two years and 12 transactions within the preceding twelve months. Its active investment portfolio features recognizable healthcare and technology enterprises, including Excelra, ProofPilot, Lightbeam Health, and Vivify Health, which was notably acquired by UnitedHealth Group in 2019. First Trust Capital Partners was officially founded in 2005 and is currently guided by key executives, including Managing Partner Steve McLaughlin and Managing Director Jon Phillips.
First Trust Capital Partners (FTCP) is a venture capital firm dedicated to fueling innovation by investing in early and growth-stage companies, primarily within the financial services and healthcare technology sectors. The firm’s mission centers on providing patient, balance sheet capital to help promising businesses scale with disciplined, long-term support. FTCP’s investment philosophy emphasizes meaningful engagement with portfolio companies, focusing on sustainable growth and capital appreciation rather than rapid exits. By targeting high-potential startups in fintech and healthtech, FTCP plays a pivotal role in shaping the next generation of technology-driven solutions, helping founders navigate complex regulatory environments and accelerate market adoption.
Founded in 2005, First Trust Capital Partners was established to bridge the gap between traditional financial institutions and emerging technology ventures. The firm is led by Managing Partner Steve McLaughlin and is headquartered in Wheaton, Illinois, with additional offices in Franklin, Tennessee. Over the years, FTCP has evolved from a regional investor into a nationally recognized venture partner, leveraging its affiliation with First Trust Portfolios L.P. and First Trust Advisors L.P. to access a broader network of resources and expertise. Its early investments in healthcare and technology set the foundation for a track record of over 100 private investments, reflecting a consistent commitment to supporting transformative companies.
First Trust Capital Partners is riding the wave of digital transformation in finance and healthcare, two sectors undergoing rapid innovation due to regulatory changes, technological advancements, and shifting consumer expectations. The timing is critical—fintech and healthtech are attracting unprecedented investment as legacy systems modernize and demand for digital solutions grows. FTCP’s focus on early-stage companies positions it at the forefront of this shift, enabling startups to bring disruptive products to market and influence industry standards. By supporting founders who are redefining how financial and healthcare services are delivered, FTCP helps drive broader ecosystem innovation and accelerates the adoption of next-generation technologies.
Looking ahead, First Trust Capital Partners is poised to deepen its impact as fintech and healthtech continue to expand. The firm’s patient capital approach and sector specialization will remain key advantages as startups face increasing complexity and competition. Trends such as AI-driven analytics, decentralized finance, and personalized healthcare will likely shape FTCP’s investment pipeline, offering new opportunities for portfolio growth. As the venture landscape evolves, FTCP’s ability to combine strategic guidance with long-term support will be crucial in helping founders navigate uncertainty and scale sustainably. In a world where innovation moves fast, FTCP’s disciplined, founder-first philosophy ensures it will remain a trusted partner in building the future of finance and healthcare.
Key people at First Trust Capital Partners.
First Trust Capital Partners has 13 tracked investments across 11 companies. The latest tracked deal is $20.0M Series B in Sift Healthcare in May 2024.
