Washington Capital Partners was established
as a private venture capital firm in 1998 by Tidal 'Ty' McCoy,
former Acting Secretary of the United States Air Force. His
goal was to help talented entrepreneurs in the Washington
D.C. region build world-class information technology companies
by navigating the opportunities at the confluence of government
IT policy and commercial IT developments. A critical component
in this effort was to raise capital from and utilize the extensive
network Ty had built over the course of a thirty year career
in the military, government, and aerospace & defense industry.
This network includes senior U.S. Government and Fortune 500
executives, several former Army and Air Force Generals, former
Congressman and numerous successful entrepreneurs. This invested
member network helps source, evaluate, and nurture portfolio
companies while providing unmatched support in the post investment
environment.
In 2001, Ty partnered with Joseph J.
Boivin, Jr., a successful entrepreneur, defense analyst and
former engineer with Northrop Grumman. Together they founded
Technology Fund I, LP and numerous single-company investment
vehicles. With close to $10 million of high-net worth assets
under management, Messrs. McCoy and Boivin have invested in
close to 20 companies encompassing e-commerce, IT services
(software) and communications technologies.
In 2003, Washington Capital Partners
recognized the need for an early-stage venture capital effort
focusing exclusively on Homeland Security technologies. The
events of September 11th, 2001 caused a paradigm shift in
the way these technologies will be developed, procured, and
commercialized. WCP shares this view with other respected
venture funds that are focusing their Homeland Security efforts
in the later and expansion stages of the investment cycle.
Our efforts will focus largely on early stage opportunities.
With the addition of Messrs. Christopher J. Meyers and Kieran
M. Doran, WCP has embarked on the raise of its first institutional
fund, Homeland Security Investors I, LP.
