Lawrence Aragon
About 20% of Carrick Capital Partners' Fund II LPs opted to roll their equity into the $600m continuation vehicle, says co-CEO Jim Madden.
The firm's seventh flagship is about twice the size of its previous vehicle and took half as long to raise.
VC investor Ryan Moore has closed on $78.5m for Revenant Ventures' debut fund, a regulatory filing shows.
Ohio's $23.4bn public school employees' pension is the latest LP to invest in the fund, committing $50m.
The continuation fund houses eight assets, with five to six making up the bulk of net asset value, Secondaries Investor understands.
Will we finally see a wave of IPOs this year, or will VC GPs have to turn to the secondaries market to deliver liquidity to their investors?
Hans Swildens weighs in on Industry's sale to Goldman Sachs, who the most active sellers in the venture secondaries market are, the current NAV discount for venture assets and more.
New Enterprise Associates is expanding beyond direct investing into secondaries, recently raising $468.2m for NEA Secondary Opportunity Fund.
The venture secondaries firm plans to use equity investments and structured financings, and will deploy capital via GP- and LP-facing transactions.
Primary Venture Partners ran the secondaries process to generate liquidity for limited partners in its first fund.