Conan Li
Vice President
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- Full Name
- Conan Li
- Title
- Vice President (former; at Sageview Capital, March 2020 – November 2022)
- Firm
- Sageview Capital LP
- Firm Type
- Growth equity (the "Angel Investors / Seed Round" tags in the source stub appear to be mislabeled — Sageview is an institutional growth-equity fund, not an angel/seed investor)
- Investment Stage
- Growth stage (companies with proven product-market fit and ~$5M–$100M+ in annual revenue)
- Check Size
- ~$10M–$100M per deal (firm-level; larger with LP/partner co-investment)
- Target Company Profile
- Fast-growing, tech-enabled businesses with established products and business models
- Sector Focus
- Software / technology, business services, and financial services
- Geographic Focus
- Primarily United States
- Location
- Greenwich, Connecticut area (Sageview's East Coast office; firm also operates in Palo Alto, CA)
Background
Conan Li is an investment professional whose career has spanned two growth-equity firms before he moved into an operating/corporate-development role. He earned a Bachelor's degree in Finance from Fordham University (roughly 2009–2013). His CRM-style contact record ties him to Sageview Capital, where he held the title of Vice President.
Li began his growth-equity career at JMI Equity, a firm focused on investing in and scaling software companies, where he worked as a Senior Associate from approximately August 2014 to March 2020. He then joined Sageview Capital as a Vice President from March 2020 to November 2022. Sageview is a concentrated growth-equity investor (over $2B AUM) that partners for the long term with founders of tech-enabled businesses, typically making only four to five new investments per year and taking minority stakes.
After leaving Sageview, Li transitioned from the investor side to operating roles, moving into corporate development — reported publicly as VP, Corporate Development at Opensignal (a mobile network analytics company), beginning around 2022–2023. Outside of work, he served as a Board Member and Treasurer at Code in the Schools, a nonprofit, from July 2018 to March 2020.
Because Li departed Sageview in late 2022, he no longer appears on the firm's current team page. The profile below therefore reflects the investment mandate of the firms where he worked rather than an active personal angel/seed program, which could not be verified.
Investment Thesis & Focus
- Operated within growth-equity mandates, not angel or seed investing — the source stub's "seed/angel" labels are not supported by the record.
- At Sageview: backing tech-enabled, fast-growing companies with proven product-market fit, typically generating $5M–$100M+ in annual revenue, with a preference for minority stakes and long-term (10+ year) partnerships.
- Sector emphasis on software/technology, business services, and financial services — consistent with his earlier software-focused work at JMI Equity.
- Firm approach favors a concentrated portfolio (four to five deals/year) so each company receives significant operational support, capital, and network access.
- Check sizes at the firm level run ~$10M–$100M per investment.
Notable Investments
- No individual deals are publicly and specifically attributed to Conan Li. Growth-equity VPs typically work on deal sourcing, diligence, and execution within a team rather than as the named lead partner, so his specific portfolio attributions are not disclosed in public sources.
- Contextually, his work sat within JMI Equity's software portfolio (2014–2020) and Sageview Capital's growth-equity portfolio (2020–2022). Consult Sageview's portfolio page for the firm's holdings during his tenure.
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