Direct secondaries firm Second Alpha Partners has opened an office on Kendall Square in Cambridge, Massachusetts, the firm told Secondaries Investor.
Second Alpha co-founder and managing partner Jim Sanger will be primarily working from the office. He has spent most of his career in the Boston area, having worked at mid-stage technology firm ABS Ventures and Deutsche Bank’s DB Capital Venture Partners.
“The resurgence of entrepreneurship and tech investment over the last several years at all levels around Boston has created a wealth of opportunities for Second Alpha’s liquidity solutions, said Sanger.
Cambridge is Second Alpha’s second office location, as the firm was founded in New York City. The firm also expects to hire one or two additional staff in each office this year.
“The level of interest among savvy New England entrepreneurs and investors for the services and advice that a partner like Second Alpha can provide made opening the office a no-brainer,” Sanger added.
Second Alpha focuses on late-stage venture and growth equity secondaries opportunities in North American private companies. It purchases shares from existing shareholders, offering investors liquidity without forcing companies with high-growth potential into M&A processes or public offerings too early.
The firm is also led by co-founder and managing partner Richard Brekka, who was previously founder and president of New York-based venture firm Dolphin Equity Partners.