Matt Settle — investor profile photo

Matt Settle

Founder/Managing Partner at Third Space Partners

📍 United States🔄 Updated November 2026💼 7 investments📅 9 years investing🗓 Last invested Aug 2022
VC🌍 United States
7
Total investments
3
Early stage
2
Mid stage
1
Late stage
9y
Years active

Portfolio

6 investments · sorted by recency
All investments
Early stage
Mid stage
Late stage
Board Member
Aug 2022
Litmus Music is focused on acquiring and managing music rights, including both music publishing and recorded music, across multiple genres, geographies and vintages. With offices in Los Angeles and New York, Litmus was founded in 2022 by Hank Forsyth and Dan McCarroll, along with Carlyle Global Credit.
early stage
Board Member
May 2021
Four Springs Capital Trust is an internally managed real estate investment trust focused on acquiring, owning and actively managing a portfolio of single‑tenant, income producing industrial, medical and necessity retail properties throughout the United States that are subject to long‑term net leases. We seek to acquire single‑tenant net lease properties throughout the United States that are leased to high quality tenants and have remaining lease terms in excess of 10 years with contractual rent increases. We believe these properties offer benefits as compared to other types of commercial real estate due to the relative stability of the cash flows from long‑term leases, as well as reduced property‑level expenses and capital expenditures resulting from the net lease structure. We generally target properties with purchase prices ranging from $5 million to $25 million, as we believe there is less competition from larger institutional investors that typically target larger properties and portfolios. Our portfolio is diversified not only by tenant, industry and geography, but also by property type, which we believe differentiates us from certain other net lease REITs and further reduces risk and enhances cash flow stability. We are an active asset manager and regularly review each of our properties for changes in the credit of the tenant, business performance at the property, industry trends and local real estate market conditions.
late stageReal Estate
Seed Investor
Dec 2018
Virsona is a new and transformative category of hybrid entertainment venues. Integrating our digital, social-media worlds and our physical, face-to-face worlds at a foundational level.
Board Observer
Jun 2017
PrimeLine Utility Services is a leading provider of construction, maintenance and design solutions for the electric, gas and telecommunication industries. Our customers range from municipalities and cooperatives to large investor-owned utilities, telecommunication companies, and commercial and industrial firms. With our extensive technical capabilities and vast equipment fleet, we deliver unprecedented customer service and value. PrimeLine encompasses over 50 facilities and more than 3,000 employees located across its eight subsidiaries—and we continue to grow. Our subsidiaries share expertise, technology and equipment while working locally to enable highly responsive services in their specific markets. We obsess over meeting customer schedules and budgets without compromising safety and quality. Whether it’s helping utilities maximize their existing infrastructures, assisting in emergency response efforts, or creating a roadmap for growth, PrimeLine excels at managing the most complex and challenging projects. PrimeLine is wholly-subsidiary owned of Vinci Energies, a worldwide leader in design, construction, and maintenance of energy efficient, networked infrastructure. Vinci Energies is a wholly-owned subsidiary of Vinci, SA, the largest construction company in the world. Their backing provides the financial strength and expertise to enable PrimeLine to provide our customers with the best solutions, technology and equipment available.
mid stageConstruction
Board Observer
Jan 2017
Safe Harbor is the largest and most diversified marina owner and operator in the world.
early stageReal Estate
Board Observer
Jan 2017
This account is no longer active. Thank you for your continued support as Eco-Site has joined forces with Vertical Bridge. Follow us here: https://www.linkedin.com/company/vertical-bridge/
Experience · 12 entries
All (12)
Investments (7)
Founder (1)
Board (6)
2024
Founder/Managing Partner
Oct 2024
2022
Board Member
Aug 2022
Litmus Music is focused on acquiring and managing music rights, including both music publishing and recorded music, across multiple genres, geographies and vintages. With offices in Los Angeles and New York, Litmus was founded in 2022 by Hank Forsyth and Dan McCarroll, along with Carlyle Global Credit.
early stage
2021
Managing Director
Dec 2021
Carlyle (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit, and Carlyle AlpInvest. With $477 billion of assets under management as of December 31, 2025, Carlyle’s purpose is to connect people, ideas, and capital to fuel growth for companies and performance for investors. Carlyle employs more than 2,500 people in 27 offices across four continents. Nothing herein constitutes an offer to sell, or a solicitation of an offer to buy, any security or product of Carlyle or any Carlyle-managed fund. Additional notices & disclaimers can be found here: https://www.carlyle.com/notices-and-disclaimers
Board Member
May 2021
Four Springs Capital Trust is an internally managed real estate investment trust focused on acquiring, owning and actively managing a portfolio of single‑tenant, income producing industrial, medical and necessity retail properties throughout the United States that are subject to long‑term net leases. We seek to acquire single‑tenant net lease properties throughout the United States that are leased to high quality tenants and have remaining lease terms in excess of 10 years with contractual rent increases. We believe these properties offer benefits as compared to other types of commercial real estate due to the relative stability of the cash flows from long‑term leases, as well as reduced property‑level expenses and capital expenditures resulting from the net lease structure. We generally target properties with purchase prices ranging from $5 million to $25 million, as we believe there is less competition from larger institutional investors that typically target larger properties and portfolios. Our portfolio is diversified not only by tenant, industry and geography, but also by property type, which we believe differentiates us from certain other net lease REITs and further reduces risk and enhances cash flow stability. We are an active asset manager and regularly review each of our properties for changes in the credit of the tenant, business performance at the property, industry trends and local real estate market conditions.
late stageReal Estate
2020
Board Observer
Nov 2020
Zippy Shell Inc. is a national provider of portable storage and moving solutions. Zippy Shell was founded in 2007 in Australia and launched in the U.S. in 2010. Zippy Shell is one of the fastest-growing moving and storage companies in the U.S. With many locations across the nation Zippy Shell provides a complete suite of services from self-pack, storage, to cross-country moving. In 2018 Zippy Shell merged with 1-800-PACK-RAT, a leader in moving and storage solutions, headquartered in Wake Forest, NC. Zippy Shell is made up of a strong team and board members who have established themselves as leaders in the moving and storage industries.
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Investment activity
2017–2022 · 7 investments
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