direct secondaries

Sellers of privately held company shares are getting creative with their holdings during the crisis, writes Liquid Stock co-founder Greg Martin.

The firm acquires portfolios of lower-mid market companies in the DACH area and often takes management control.

The process centred around star fintech asset Trustly and included backing from Investment Corporation of Dubai and Retirement System Investment Commission of South Carolina.

The niche secondaries specialist has tapped former JP Morgan and Gulf Capital executives for investment and IR roles, respectively.

The firm has added a late-stage direct secondaries strategy and a tech buyouts fund in the last five years.

Listings on PrivateMarket.io have risen 37% as GPs look to partially exit their portfolio companies at a time when liquidity is scarce, founder Loïc Engelhard told Secondaries Investor.

The direct secondaries specialist is in talks with the European Investment Fund, Secondaries Investor understands.

Staffan Mörndal, a partner who leads the firm's Germany operations, says he has seen many 'strange effects' of the covid-19 crisis.

The direct secondaries specialist is planning to open its fourth office this year, Secondaries Investor has learned.

The VC secondaries specialist has promoted Ira Simkhovitch and Amir Malayery to managing director.