Venture capital

VC secondaries market could hit $130bn by 2023

The market passed the $100bn mark in 2021, according to research by VC secondaries specialist Industry Ventures.

Israel’s ISF raises more than $300m for third secondaries fund

The fund will continue with ISF’s focus on acquisitions of holdings in private companies and venture capital funds.

StepStone eyes resurgent LP secondaries market with $3.6bn war chest

The firm has held the final close and first close on its latest venture capital and private equity secondaries funds, respectively, according to chief executive Scott Hart.

GP-leds, coming to a VC near you

While the adoption of venture capital sponsor-driven transactions is in the early stages, the technology is already adapting to the nuances of the asset class.

Kline Hill nears $1bn capital raise across three funds

The firm is expected to hold the final close on its latest programme before end-June.

NewView Capital raises $544m, will provide liquidity to other VCs

The firm, which spun out of New Enterprise Associates in 2018, raised two funds, including a special vehicle to buy portfolios being liquidated by other VC funds.

Foundation backs Indian VC tender offer

The GP-led specialist, which recently became part of Tikehau Capital, acquired exposure to seven early-stage assets managed by Prime Venture Partners.

Mantra approaches final close on hard-cap

The Paris-headquartered firm has raised €180m for Mantra Secondary Opportunities III, topping its target of €150m, according to a source.

TCV runs strip sale that could total $1bn

Strip sales have not been as pervasive as other forms of direct secondaries like GP-led continuation funds and single-asset deals.

StepStone raising largest dedicated VC secondaries fund

VC Secondaries Fund V is being raised by the recently acquired Greenspring Associates team, whose last independent secondaries fund was $800m in size.