Venture capital

Savano Capital eyes significant step up with latest VC secondaries fund

The firm wants to raise almost 60% more than it did for its predecessor vehicle.

Knightsbridge aims to close third VC secondaries fund by year-end

Details of the fund’s target and fundraising update, as well as expected performance and fees, were disclosed in US pension documents.

How StepStone crushed the target for its sixth VC secondaries fund

Longstanding LP relationships and market dynamics helped the firm raise the biggest pool of capital for venture secondaries, according to partner John Avirett.

Lexington buys ~$1bn venture portfolio at big discount

The deal is an example of the type of ‘clean up’ deals routinely run by fund of funds and secondary shops.

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.

StepStone buys in VC strip sale with double unicorn exposure

Primary Venture Partners ran the secondaries process to generate liquidity for limited partners in its first fund.

NEA runs large strip sale on numerous assets as GPs hunt for liquidity

Strip sales, along with tender offers, structured/preferred equity and secondary directs, represented around 20% of the about $18bn in GP-led volume in the first half.

Impact firm Blue Earth takes lead on multi-asset continuation fund

The Switzerland-based impact investor has backed a continuation fund process involving two assets held by VC firm RockPort Capital Partners.

Flashpoint VC targets $150m for second direct secondaries fund

The tech-focused venture capital manager has entered a joint venture with investment banker Roman Ivaniuk, founder of Ukraine-based BrightOne Capital, for its latest fund.