Phil Scully

Phil Scully is a seasoned investor and venture capitalist who co-founded Balerion Space Ventures in 2022. As General Partner, he oversees investments in the space, defense, and advanced technology sectors, with a focus on the "plumbing" of space, power, communications, and propulsion. To date, the firm has invested more than $250 million in space-focused startups.

Scully spent eight years at Capital Group, an investment firm with $3 trillion in assets under management, where he pitched a space-focused fund. After Capital Group backed a $20 million proof-of-concept fund, he launched a fund called Black Dragon before founding Balerion in 2022. Scully is known for distinguishing substance from spectacle by focusing on companies operating within critical categories that present tangible, near-term revenue opportunities.

Career History

• Co-founder and General Partner, Balerion Space Ventures (2022–present)
• Founder, Black Dragon Fund
• Co-founder and General Partner, Explorer 1 Fund (2021)
• Equity Analyst, DA Capital (Goldman Sachs Asset Management)
• Investment Group, The Capital Group Companies
• Investment Banking Associate, Credit Suisse Securities

Scully holds an MBA from Georgetown University and a BA from Kenyon College. What Scully brings to Balerion Space Ventures: Scully's background spanning institutional investment management, venture capital, and financial services equips him to identify infrastructure-layer opportunities in space technology. His thesis, that the space economy is evolving from speculative venture bets into mission-critical infrastructure, positions Balerion to back foundational systems providers rather than headline-grabbing applications, creating long-term defensible value in dual-use space and defense technologies.

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