Venture capital

Secondaries buyers have been eyeing both RMB- or USD-denominated opportunities in China as managers contend with a dearth of exits, investment principal Karen Tse tells Secondaries Investor.

More venture firms are following the lead of buyout firms by creating continuation funds to provide liquidity to LPs in older funds. Here are the pluses and minuses for GPs and LPs considering CVs.

This is at least the second time IDG has tapped the secondaries market for a CV deal, having previously completed a GP-led five years ago.

Khazanah joins a number of APAC sellers this year, with Malaysia’s EPF and China Investment Corp also looking to offload portfolios.

Secondaries are becoming a structural part of the venture market, not just a short-term solution, according to Ravi Viswanathan of NewView Capital.

The new evergreen vehicle will join the firm’s four active 40 Act funds targeting wealthy individual investors in the US.

The multi-strategy investor and secondaries specialist built the programme to teach GPs and LPs how to find alternate routes to liquidity outside of IPOs and M&A.

With market watchdogs looking more closely at private asset pricing, affiliate title Private Equity International spoke to managers of semi-liquid funds about their valuation methods.

The fund will be split between fund investments and transactions, with 75% of the latter proportion going to secondaries deals.

Two new secondaries-focused firms have already launched in 2025.