The untold story of how the private market trading frenzy of Facebook stock normalized and catapulted pre-IPO secondaries.
Adams Street Venture & Growth Fund will target private companies in the early and growth stage through secondaries and co-investments.
The firm will reportedly pay about $350 million for a 40% interest, implying an equity valuation of roughly $875 million for the Israeli camouflage technology manufacturer.
The employee and early investor auction valued the workplace trust company at over £100 million and marked the third transaction conducted under the PISCES framework.
The order bars a former NPM employee from joining Clarity until May 2027 and prohibits the use of NPM's confidential information.
The sequel fund has secured $150 million from a California pension and will back venture and growth managers through GP stakes, fund commitments, and co-investments.
The new solution will start with a pre-IPO AI company, using tokenized notes that can be bought and sold around the clock on the secondary market.
The CV would reportedly acquire ByteDance and Ant Group stakes at a roughly 30% discount to their combined $1.5 billion NAV.
Existing investors in the German robotics startup, including Sequoia and Lightspeed, participated alongside new backers.
The regulator alleges more than $27 million was raised through schemes involving purported access to SpaceX, OpenAI, SandboxAQ, and Kraken.
