Direct Secondary

We provide secondary liquidity to shareholders of growth stage tech companies.

We are largely sector and business model agnostic, but are looking for companies that are well past their formative years with proven product and sales viability.

We believe in long term relationships with companies and founders and are happy to engage in discussions years before making an investment.

We usually invest between major primary funding rounds.

Our risk appetite increases as we get to know the companies better, therefore we often limit initial ticket sizes, but would look to grow the deployed capital substantially over time.

We invest based on good access to information. Hence, we prefer bilateral processes managed by the company and/or its founders on behalf of the sellers.

We seek to build constructive partnerships with companies in assisting them to rationalize their captables and increase temporal alignment among shareholders.