The venture secondaries market is taking off, but lots of GPs and LPs are still unfamiliar with how these deals work. We're here to help.
LPs include 'prominent US and European institutional investors, 10 unicorn founders, 14 of our own portfolio founders, family offices, and a few heads of private equity firms and larger funds,' says Day One founder Masha Bucher.
Veteran Ventures Capital has raised $25m in a first close for its second fund, which is targeting $50m.
Inovia Growth Fund III closed on $300m this month and will now focus on raising the rest of its $450m target.
Partner John Avirett chalked up the fundraising success partly to the fact that 'there’s very high-quality assets that are stuck privately where we have the unique ability to invest in them.'
LPs include Mubadala Investment Co, tech investor Yuri Milner, Bolt Ventures, Boxfish Corp, Ferguson Capital II, Lakefield Enterprises III, NJF Capital Corp and RIT Capital Partners.
The Climate and Nature Impact Venture Fund, which is targeting A$150 million, has an anchor commitment from Queensland Investment Corporation
Court hands big victory to private funds. Rifts in LP community may have aided the downfall of the regulatory package.
WndrCo says the funds will target 'high-potential companies solving big problems across the future of work, consumer technology, cybersecurity and developer infrastructure.'
Early-stage Swedish venture firm says it is 'very bullish about the prospects for Europe.'