Venture capital

StepStone surpasses $20bn in private wealth AUM

Four of the firm’s cornerstone evergreen products are heavily weighted to secondaries investments.

G Squared secures $2.3bn as venture secondaries heats up

The firm’s seventh flagship is about twice the size of its previous vehicle and took half as long to raise.

DraftKings seed investor is raising a VC secondaries fund

VC investor Ryan Moore has closed on $78.5m for Revenant Ventures’ debut fund, a regulatory filing shows.

MetLife closes $1.2bn managed fund deal with Lexington

The insurer had shopped a portfolio of funds and co-investments with a net asset value of $1.8bn, Secondaries Investor understands.

Savano closes oversubscribed direct secondaries fund

The firm’s latest vehicle has made 12 investments to-date.

StepStone’s VC secondaries fund tops $1bn as LP interest grows

Ohio’s $23.4bn public school employees’ pension is the latest LP to invest in the fund, committing $50m.

China’s performance paradox: The opportunities and risks for secondaries

The RMB secondaries market has concluded its first full cycle. While there are opportunities to be had, there are risks to be overcome to ensure sought-after returns, writes Nebula Advisors’ Stanley Geng.

Lead Edge and Hamilton Lane lead Summit Partners’ $625m deal for NinjaOne

The SaaS provider has generated large returns following Summit’s initial investment, with LPs given a range of options to roll or cash out during the CV process, Secondaries Investor understands.

Secondaries volume extends record-breaking run in H1

‘The last several years have been very volatile… The fact that we still saw this record volume is remarkable,’ Jefferies’ Scott Beckelman tells Secondaries Investor.

Behind EQT’s VC continuation fund: HarbourVest leads €526m vehicle

The continuation fund houses eight assets, with five to six making up the bulk of net asset value, Secondaries Investor understands.