Negotiated secondaries and growth-stage co-investment in a small number of relationship-led deals: strong companies, credible counterparties, prices that make sense. We select the companies we cover, then secure allocations before they reach the broader market.
Our own capital alongside institutional leads, with a close group of family offices behind one line on the cap table.
Direct secondaries, verified on both sides, sourced on demand.
We select the companies we cover, write our own memos, and verify both sides of every trade.
Co-investment alongside institutional leads. Our own capital in every round, with a close group of family offices.
Explore Ventures →Direct secondaries for institutions and qualified buyers. Verified sellers, allocations sourced on demand.
Explore Secondaries →A private, deal-by-deal investment community. 800+ members, tickets from US$10k.
Explore Syndicate →A small number of allocations a year in Series B to pre-IPO rounds, usually alongside an institutional lead. We commit our own capital first, then fill the allocation from a close group of family offices.
A single-layer SPV holds our capital and our co-investors' together. One investor, one conversation.
A small, senior team that has sat on both sides of the table. We engage where useful and stay out of the way otherwise.
We talk to you before your deck goes to anyone.
Direct secondaries, negotiated one-to-one. Research comes first: we select the companies we cover and write our own memos before an offering reaches you.
Before we show an offering, we verify the seller and the shares. Before we introduce a buyer to a seller, we verify the buyer, so no one's time is wasted on either side.
Late-stage companies sourced at real discounts to the last round. Great businesses on sensible entry terms.
Most of our secondaries are direct shares on the cap table. When we use an SPV, it's single-layer, backed by a US GP, with clear line of sight to the underlying stock.
Names unlock with access. Pricing, fees, memos, and allocation details shared on request.
800+ founders, operators, and family offices investing side by side in pre-IPO tech since 2023.
There's no fund: you join the deals you like, from US$10k, and we invest our own money alongside members.
Application + vibe-check. No dues, no minimum activity.
Per deal, on participation only.
No carried interest.
Single-layer structures on trusted platforms.
Founder of Seconda Private Markets & Liquidity.Land. Founder of TruePNL (acquired). Building investor communities and tech products since 2017.
10 years in finance across investment banking, VC, and private equity (ex-Bain Capital). Founder and operator since 2021.