Direct Secondaries

Revelation raises $350m for healthcare secondaries

Revelation Partners will invest in direct positions, LP stakes, GP-led deals and to provide follow-on capital in the healthcare sector.

TPG ups NewQuest stake amid global secondaries push

TPG had appointed the former head of secondaries at CPP Investments, Michael Woolhouse, in July to lead its expansion in North America and Europe.

CEE-focused VC firm holds first close on debut secondaries fund

Flashpoint Secondary Fund is anchored by the Scheinberg family office, which represents the founders and former owners of online gaming website Pokerstars.

Verdane raises €540m for tech investments

The Nordics-focused manager started the Edda series of funds in 2018 to complement its longstanding direct secondaries offering.

TR Capital raises its biggest-ever fund for Asian secondaries

The firm is also expanding its regional footprint with the opening of an office in Shenzhen, Secondaries Investor has learned.

Niche secondaries buyer Keyhaven plots market return

The firm, which last week closed the sale of a minority stake in Pensions Insurance Corporation to a UK family office, will begin marketing Keyhaven Secondaries Fund III next year.

NEA spin-out sets target for direct secondaries fund

VC-focused NewView Capital was formed by a $1.4bn direct secondaries deal backed by Goldman Sachs and Hamilton Lane.

Verdane bulks up with investment team hires

The direct secondaries specialist is investing its $685m Fund X, which closed in January last year.

Liberty Street takes control of $200m VC secondaries fund

The SharesPost100 fund, designed to democratise access to VC, is managed by ex-HQ Capital secondaries co-head Christian Munafo.

Liquidity providers cash in on stock option dealflow

Groups like Coller-backed Liquid Stock, which offers employees financing to exercise stock options in exchange for future upside, have seen healthy business during the downturn.