About AAF Management Ltd.

Early Partner with Founders on a mission to build the future

The Firm

AAF Management Ltd. (AAF) is a leading early-stage venture capital firm focused on pre-Seed, Seed and Series A stage technology companies in North America. Since late 2016, we’ve invested in over 100 venture-backed portfolio companies across fintech, healthcare, consumer, enterprise software and deep tech.

We are backed by over 95 Limited Partners (LPs) across two funds. Our investors include leading multi-family offices, single family offices, royal families, c- level executives, ministers, ambassadors, fund-of-funds, foundations, hedge fund managers and other strategic investors across the US, Europe, and MENA region.

We also actively manage Limited Partnership (LP) allocations into early stage emerging managers globally exposing us to over 550 venture-backed companies. We’ve backed emerging managers who were previous venture investors at prestigious firms such as Sequoia Capital, Lightspeed Ventures, NEA, Khosla Ventures, Kleiner Perkins among others.

Notable companies in our extended portfolio include: Robinhood, Didi, Savage X by Fenty, StockX, Figure, Reddit, Current, Synthego, Epic Games, FiscalNote among many others.

Notable exits in our extended portfolio include: CrowdStrike (NASDAQ: CRWD), TruOptik acq. by Transunion (NYSE: TRU), Prodigy acq. by Upstart (NASDAQ: UPST), Portfolium acq. by Instructure (NYSE: INST), now a Thoma Bravo Company, HeyDoctor acq. by GoodRx (NYSE: GDRX), Medumo acq. by Philips Healthcare (NYSE: PHG) among others

The Team

Kyle Hendrick, Founder & General Partner

Kyle founded AAF Management Ltd to approach venture capital investing in an innovative and intuitive way given the unique nature of the founding General & Limited Partners of the firm. Kyle has led AAF Management Ltd. from inception to over $100M in AUM in less than 5 years.

Omar Darwazah, General Partner & CFO

Omar has over 16 years of international experience in corporate finance, corporate communications, management consulting, strategy, investor relations and venture capital.

Evan Hendrick

Evan joined AAF Management in 2016. Evan focuses on deal sourcing, research, and due diligence across all technology-driven sectors. Evan also assists on the firm’s fund to fund process where he monitors over 200 early stage VC’s & top tier angel investors.

AAF Management Ltd.

AAF Management Ltd. (AAF) is a leading early stage venture capital firm focused on Pre-Seed, Seed and Series A stage technology companies in North America.

Washington D.C | Abu Dhabi

His firm’s mission is to function as a value added lifecycle capital partner for venture backed entrepreneurs and fund managers.

In the last 5 years alone, Kyle has invested in over 120+ venture backed companies, deployed capital into over 16 emerging managers, had 7 public market listings, realized over 12 exits, and has early stage exposure to over 15 unicorns. His fund performance is consistently ranked in the top decile and top quartile in terms of DPI and TVPI respectively, benchmarked on Cambridge Associates’ data on over 1500 US VC funds.

Kyle has raised strategic limited partner capital across diversified direct, secondary, FoF, and bespoke venture strategies from over 95 investors made up of a diverse group of institutions, corporates, family offices, and high net worth individuals.

Kyle is a co-founder of two venture backed companies and has application downloads from his products in every available country globally. He serves as a strategic Advisor to Gothams, a DCVC partner aerospace & defense advisory firm. He also serves as an executive member, investment committee member, or advisor to many private family offices as it relates to venture strategies.

Prior to founding AAF Management Ltd, Kyle was leading private equity and venture capital portfolios for the UAE Embassy in Washington DC’s Trade & Commercial Office, an extension of the UAE Ministry of Economy. During his tenure for the UAE federal government, Kyle established one of the most robust networks of public and private sector allocators, fund managers, and entrepreneurs at the intersection of Silicon Valley and the broader Middle East.

Kyle has been featured in Forbes, Inc, Entrepreneur, The National, and Arabian Business on the topic of US early stage venture capital. Kyle has an undergraduate degree from James Madison University and a masters degree from Georgetown University.

In his free time Kyle enjoys the beautiful game, traveling, and wellness related activities.

Omar Darwazah, General Partner

Omar has over 16 years of international experience in corporate finance, corporate communications, management consulting, strategy, investor relations and venture capital.

Over the past 5 years, Omar has invested in over 120 venture-backed startups in the US, Europe, and MENA region across a multitude of different sectors alongside over 800 blue-chip venture capital firms, corporate venture arms as well as notable incubators and accelerators.

In his capacity as General Partner & CFO of AAF Management Ltd., Omar has also supported the deployment of capital into 16 emerging managers globally. The fund performance at the firm is consistently ranked in the top decile and top quartile in terms of DPI and TVPI respectively, benchmarked on Cambridge Associates’ data on over 1500 US VC Funds. AAF Management Ltd. has grown its assets under management to over $100M during his tenure.

Previously, Omar spent 10 years of his career with OCI N.V. in Cairo and New York focusing on investor relations, strategy, and corporate finance where he worked on over $35 billion worth of corporate transactions. Prior to that, Omar was with Deloitte Tax LLP in Chicago and Deutsche Bank’s Leveraged Finance team in London.

Omar also founded and successfully exited his own startup, Premier Foods SAE, which managed two gourmet fast food brands in Egypt. Omar previously advised Hikma Pharmaceuticals’ corporate venture arm Hikma Ventures on its digital healthcare investments

Omar is also an angel investor in various startups including Andela, Blockstack, BitOasis, Dayra, Genies, Halan, FiscalNote and Ziina. Omar sits on the Board of the Middle East Investor Relations Association (MEIRA) and the Middle East Venture Capital Association (MEVCA). He is also a mentor to the NYU Steinhardt EdTech Accelerator, an advisor to Yale University’s Center for Digital Health and Innovation and a judge at the Wharton School’s Venture Lab.

Omar is an avid traveler and has visited 85 countries around the world. He also has an interest in film production and has been an Executive Producer on several short feature films including Baby Mine (2017) and Lab Rat (2018).

Omar holds a BA in Economics and Political Science with Honors from the University of Chicago and an MBA from the Wharton School at the University of Pennsylvania.

He was named as one of Wharton’s 40 under 40 in 2017.