The Sydney-based manager has launched its inaugural fund, targeting investments across five AI growth vectors.
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.
Founded by former Nuveen impact PE head Rekha Unnithan, the New York-based firm will pair CV investments with growth capital and separately pursue direct secondaries.
TrueBridge Secondaries II will invest in venture funds and direct secondary transactions involving venture-backed companies.
The strategy is reportedly targeting $1 billion, three years after General Atlantic took a minority stake in Clipway.
Founded in 2000, Saints Capital specializes in venture secondaries with a focus on GP-led transactions.
The Sydney-based firm launched in May as an AI-focused secondaries investor, targeting opportunities through GP-led and direct secondary transactions.
Pinnacle Ventures will provide angel and sophisticated investors with access to deal-by-deal venture investments in UK tech companies and pre-IPO secondaries.
This will be the first of several planned vehicles aimed at advancing secondary market activity, primarily in the Japanese market.
In this episode of the 'How I Invest' podcast, Host David Weisburd speaks with HarbourVest's Scott Voss on why continuation vehicles and evergreen structures are transforming private markets.
