LPs need to be pushing harder to realise value from venture funds that are 10-12 years old, a report suggests – which may be good news for secondaries players.
3 min read · 01 September 2013
DFJ Esprit Secondaries will be the largest venture secondaries firm in Europe, as the buzz around venture escalates in the run up to Facebook’s public market debut.
2 min read · 14 March 2012
The bank’s Strategic Partners group has closed its fifth secondaries fund at a time of intense activity on the market from banks and public pensions selling chunks of their private equity holdings.
3 min read · 15 February 2012
Blackstone spin-out Millennium is building its team in anticipation of what it believes will be a record-breaking year for secondary venture capital investments.
2 min read · 03 March 2011
The firm’s secondary team, which has committed 75% of its $2.9bn Fund VII, has jointly funded the spin-out of a German VC group whose new media portfolio includes some high profile companies like Groupon.
3 min read · 10 January 2010
San Francisco-based Industry Ventures plans to capitalise on Little Hawk Capital’s focus on investments in smaller funds and unfunded commitments.
2 min read · 23 September 2009
The secondaries firms have established a £170m fund to acquire assets from 3i that will be managed by DFJ Esprit’s nascent secondaries arm, Encore Ventures.
3 min read · 13 September 2009
The London-listed private equity firm has offloaded a portfolio of 10 venture capital investments to the secondaries specialist. 3i has also exited its growth capital investment in shipping services company Instone International for between €30m and €50m.
1 min read · 20 April 2009
The London-listed private equity giant is trying to sell some of its European venture capital portfolio in an attempt to reduce its debt load.
2 min read · 11 March 2009
A management group from Lehman Brothers Venture Partners will spin-out to become Tenaya Capital, which will have $750m in capital and 45 portfolio companies. HarbourVest completed a synthetic secondary transaction as part of the spin-out.
3 min read · 24 February 2009
