Darco Capital

Darco Capital is the family office investment vehicle of David Adelman, a Philadelphia-based serial entrepreneur and operator. The firm takes a founder-first approach, deploying venture and growth capital across climate tech, deep tech, fintech, enterprise technology, consumer brands, food & beverage, sports, and media. Adelman draws on over three decades of operating experience—scaling Campus Apartments to $2B+ AUM and co-founding FS Investments ($86B AUM)—to provide hands-on strategic support to portfolio founders on go-to-market strategy, team building, financing, and exit preparation. Darco targets investments that combine financial returns with positive social or environmental impact, with a particular emphasis on climate technology and underserved communities. The firm prides itself on being patient, flexible capital—able to enter at any part of the capital structure—and on standing by founders through difficult periods, not just when conditions are favorable.