Venture capital

Belgium’s GBL runs large LP-led process as it looks beyond fund commitments

GBL’s portfolio includes private equity and venture capital exposure with a weighting towards the mid-market, Secondaries Investor has learned.

HighVista runs complex clean-up deal as liquidity creativity proliferates

Unlike more traditional continuation fund deals, no assets or fund stakes are being rolled into a new vehicle in this deal.

VC’s continuation fund barriers

There is heightened interest in continuation funds within the venture space, yet these vehicles may not be best suited to most managers.

TPG takes lead on VC firm JVP’s $290m single-asset CV

Rolling investors into the new fund include Partners Group, HighVista Strategies, Committed Advisors and Hollyport Capital, according to a statement.

NewView prepares launch of latest venture secondaries fund

NewView spun out of Silicon Valley venture giant NEA in 2018 through a deal backed by Goldman Sachs and Hamilton Lane.

HighVista runs multi-asset CV involving venture assets

CVs are gaining momentum in the VC industry as more venture firms use them to extend ownership of prized assets and generate liquidity for LPs.

Performance Equity cleans up older venture portfolio in CV with Partners Group

Venture/growth represented about 8% of GP-led volume in the first half, which matched the full-year volume of last year, according to Jefferies’ recent volume report.

VCFA in market with fund dedicated to blockchain infrastructure – updated

The secondaries pioneer is approaching its target for the vehicle, which marks its first strategy beyond VCFA’s flagship Venture Partners series.

Inside VC secondaries firm OnePrime’s latest fundraise

Former Intel Capital directors closed on $305m for their third flagship fund, which will aim for exposure to data infrastructure, cybersecurity, fintech, robotics and next-gen gaming companies.

Beware the ‘bear traps’ in VC continuation funds

While secondaries are set to be transformational for the venture capital industry, managers in the market face a steep learning curve.