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The venture capital specialist has closed a $125m fund targeting primary-, early secondary- and direct investments in technology-focused buyout funds.
CEO
The second installment in our series on disruption looks at Collective Equity Ownership, which offers an alternative to the direct secondaries market.
The secondaries firm, along with investment manager Wafra, has acquired a stake in Siris Capital Capital Group and will fund the repurchase of another minority stake sold at the firm's inception.
The firm backed a $185m secondaries process on the Gulf-headquartered investor's 2007-vintage tech fund and made a stapled commitment to its successor.
This was the 12th deal from the directs-focused's firms latest fund, which is around 50% deployed.
The Berlin-headquartered firm continues to acquire assets on a deal-by-deal basis and is unlikely to deviate from this strategy any time soon.
The deal was valued at around $450m and marks GIC's entry as an investor.
Hand writing in diary
The Nordic direct secondaries specialist's acquisition of Lingit is its sixth deal from Verdane Capital IX.
The firm has held Cint for about three years and its sale marks the 19th exit from its latest secondaries fund.
Despite some limitations and high valuations, the region is an attractive place to invest in direct secondaries.
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