Gamma Investors began in 1998 as a group of Angels who collaborated on venture-capital investments. Gamma Investors’ creation was primarily the work of several partners of the derivatives trading boutique firm, Cooper Neff & Associates. The Firm was sold to Banque Nationale de Paris (now BNP Paribas) in 1994, with the partners remaining until December 1999. Upon their departure, Gamma Investors became their primary vehicle for making venture-capital investments.
Gamma Investors has primarily targeted financial-services companies and, more specifically, ones that have an internet related application. Initially, investments were structured as angel investments, but by 2000, the firm switched to a fund structure, whereby investments were made on behalf of Gamma Fund I LP. At this time, the Fund is fully invested and is in its harvest period with approximately half of the investments having been realized.
