The London-based firm is now planning for a successor fund, aiming to build on its existing investment strategy.
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 $300 million secondary share sale was led by Wellington and T. Rowe Price and brought in new investors, including EQT, Goldman Sachs, and Sapphire Ventures.
The Geneva-based firm targets late-stage single-asset secondary investments across technology and digital ventures.
The Denver-headquartered firm recently appointed Osnat Velingard in Tel Aviv to lead the firm's secondary strategy, which targets growth-stage tech companies.
The inaugural North Haven Growth & Innovation Fund provides flexible capital across primary and secondary transactions, including company-led liquidity solutions.
LTC Invest Fund V, which is targeting $250 million in size, is reportedly anchored by Founder and CEO Konstantin Sidrov and Revolut Chairman Martin Gilbert.
The oversubscribed vehicle will make sub-€20 million investments exclusively in European VC funds.
Key Capital's debut fund, which targets positions in tech companies through off-cap-table transactions, has already completed two transactions to date.
Flashpoint Direct Secondary Fund II, which is targeting $75-100 million in capital commitments, marks the firm's eighth vehicle overall.
