Flashpoint Direct Secondary Fund II, which is targeting $75-100 million in capital commitments, marks the firm's eighth vehicle overall.
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.
Existing investors in the German robotics startup, including Sequoia and Lightspeed, participated alongside new backers.
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.
The former Co-Head of Secondaries at Lombard Odier has over two decades of institutional private markets experience across secondaries, private equity, venture capital, and special situations.
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.
