Direct Secondaries

Sweetwater seeks $650m for largest fund to date

The firm, founded by a former StepStone partner, focuses on GP-leds and direct secondaries.

Four criteria for start-ups and VC investors when evaluating secondaries options 

Secondaries options can provide immediate compensation for start-up employees, boosting motivation, enticing future hires and restoring team momentum, writes Nate Leung from Sapphire Partners.

Japan’s WM Partners aims for mid-2025 close on latest secondaries fund

The firm has launched its third secondaries vehicle, Japan Private Equity Opportunity 2024.

W Capital Partners sets $1bn target for first fund post-AXA IM Prime acquisition

W-Prime VI’s target is more than double the amount the direct secondaries specialist raised for its predecessor vehicle.

Swiss family office backs new venture secondaries vehicle

Opportuna has raised capital from Infinitas Capital and high-net-worth individuals and will focus on tech and climate tech companies.

G Squared grabs $1.1bn for direct secondaries

G Squared VI will focus on the tech subsectors of software-as-a-service, fintech, insurtech, mobility and consumer internet.

Japanese secondaries buyer taps up to 50% discounts in global tail-ends – updated

Aizawa AM’s third flagship, which held its final close this year, is already 85% deployed, chief executive Shinichiro Shiraki tells Secondaries Investor.

New study sees increase in buyside firms looking at VC secondaries

Tender offers represent a reliable way for secondaries buyers to provide liquidity to private company shareholders, according to a report by Bryan, Garnier & Co.

LGT nearly doubles size of latest direct minority stakes fund

Crown Secondaries Special Opportunities III has closed on $3bn ahead of its $2.5bn target.

Brookfield and Sequoia-backed Pinegrove shares strategy details

The venture secondaries firm plans to use equity investments and structured financings, and will deploy capital via GP- and LP-facing transactions.