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HarbourVest backs Lehman VC spin-out

A management group from Lehman Brothers Venture Partners will spin-out to become Tenaya Capital, which will have $750m in capital and 45 portfolio companies. HarbourVest completed a synthetic secondary transaction as part of the spin-out.

Auda spin-out closes first fund on $702m

Newbury Partners, launched by Auda Advisors’ former secondaries team, has already committed 25 percent of its debut fund.

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