Home Authors Posts by Lawrence Aragon

Lawrence Aragon

Photo illustration of a big payday.
Primary Venture Partners ran the secondaries process to generate liquidity for limited partners in its first fund.
san francisco
The VS secondaries firm's 10th flagship has closed on $1.45bn, making it 70% larger than its previous effort.
Illustration of man and woman giving each other a high five.
At a recent event focused on 'the future of venture secondaries', GPs and LPs shared the reasons they are so keen on the space.
Photo of athletes starting to sprint.
The fund's strategy will take advantage of the current market setup, Irving Investors portfolio manager Jacob Sonnenberg said.
Photo of multicolored powders exploding.
Bid prices are averaging 40% to 65% of NAV for VC secondaries, according to Industry Ventures founder and chief executive Hans Swildens.
Industry Ventures founder Hans Swildens has started to hear from LPs at risk of defaulting on capital calls from venture funds because of lack of liquidity – something he hasn’t seen since 2009-2010.
hooked, fish, fishing
Unlike traditional VC funds, Industry Ventures Direct III will only invest in companies the firm already has exposure to through its secondary and fund of funds strategies.
stock market
Overall secondaries market volume is expected to drop by about 30% this year, according to a survey by Setter Capital.
Dave McClure plans to raise a fund to buy GPs' and LPs' stakes in micro VC funds.

Copyright PEI Media

Not for publication, email or dissemination