Business
Tech stars raise more than $30m for new secondary fund – The Australian Financial Review
Aconex’s Leigh Jasper, Salta Capital’s David Tarascio, Andrew Sypkes and Ian Beatty are giving start-ups a way to offer early investors and employees liquidity.
“I figured there was a real opportunity here. Venture secondary funds are normal in the UK and the US and form a crucial part of their technology ecosystems.”
Recently, any secondary activity that has occurred in the local venture capital ecosystem has been from large international funds such as HarbourVest (which merged with Telstra Ventures), Greenspring Associates, Mario Giannini’s Hamilton Lane, Goldman Sachs, Lexington Partners or New York-based private markets giant StepStone, which bough…
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