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Office Locations:
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5209 Lake Washington Blvd NE, Suite 200
Kirkland, WA 98033
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Energy & Clean Tech
Financial Services
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Progeny 3 is a single-family office based in Kirkland, Washington associated with the Smith/Hemingway family. It has dedicated teams providing investment advice across an array of strategies covering equities, fixed income, private equity, commodities and venture capital. he firm notably acted as a key investor in the October 2025 recapitalization of Rockefeller Capital Management, valuing the firm at over $6.6 billion, alongside Mousse Partners and Abrams Capital. The Smith/Hemingway family were owners of Seattle-based Carrix, Inc., one of the world's largest private marine-terminal operators, parent company of SSA Marine. Jon Hemingway was CEO for 25 years. The family sold their controlling interest in 2021 in a deal valued at over $2.5 billion.
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Investment Firm Key
VC = Venture Capital
PE = Private Equity
A = Angel
I = Incubator
MB = Merchant Bank
VD = Venture Debt
FI = Family Investment Office
FOF = Fund of Funds
ED = Economic Development Office
TT = Technology Transfer Office
CVC = Corporate Venture Capital
SEC = Secondary Purchaser
HF = Hedge Fund/Mutual Fund
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| COMPANY STAGE | REVENUE |
| Venture Capital | |
Seed Stage
(includes "pre-seed," or
concept stage) | No Revenue |
| Early Stage | Minimal
Revenue |
Growth Stage
(also called Mid-stage) | $2M-$7M |
Expansion Stage
(also called Late-stage) | $7M and greater |
| Private Equity | |
| Lower Middle Market | $10M-$249M |
| Middle Market | $250M-$499M |
| Upper Middle Market | $500M-$1B |
| Large Cap | >$1B |
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