Vintage promotes two to partner

The VC-focused fund of funds made six promotions across its investment and operations team as it continues to deploy secondaries Fund X.

Vintage Investment Partners has made six promotions including two to partner level as it sets about investing its latest secondaries fund.

The Israel-headquartered firm, which invests across venture capital secondaries, funds of funds, late-stage investment funds and a co-managed primary fund account, promoted principals Asaf Honresh and Yoni Levy as partners, according to a statement.

Honresh began his career at Boston Consulting Group before moving to Israeli venture capital firm Greylock IL. He joined Vintage in 2015.

Levy has been at the firm for around five and a half years having previously worked in corporate development for laser technology developer Ophir Optronics and as an economist with the Bank of Israel.

Partner Ehud Hai, who joined the firm in 2006 as chief technical officer, was promoted to general partner.

Senior associate Yonah Monk has been promoted to principal, while analyst Ameer Awadiyeh was promoted associate.

The firm also made two promotions in its operations team.

In August Vintage closed its fourth secondaries fund above its $175 million target on $215 million. Vintage Investments X was backed by US, Canadian and Israeli financial institutions, university endowments, foundations and family offices.

The firm purchases LP stakes in Israeli, European and US venture and growth equity funds and also makes direct secondaries purchases through acquiring shares in private technology companies from entrepreneurs, former employees and angels.

Vintage Investment Partners has $1.5 billion under management and is headquartered in Herzliya Pituach.