The company conducted multiple liquidity events in 2025, with its latest tender offer valuing the London-based digital bank at $75 billion.
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 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.
The Swiss firm's flagship semi-liquid strategy tracks the Morningstar PitchBook Unicorn 20 Index primarily through secondaries.
Engler brings over two decades of technology experience and will lead operations and build the infrastructure behind each deal.
Under the non-binding agreement, O3 may increase its ownership in the social impact investor if certain fund launch and fundraising milestones are met.
The single-asset vehicle extends B2B software investor Viking Growth's hold on a recruitment and HR software platform.
The digital bank has reportedly kicked off its employee liquidity event, pricing shares at $2,017 each.
The reported liquidity event would value the digital bank at roughly 1.5x its November valuation of $75 billion.
