Founded in 2023, Key Capital is a dedicated VC secondaries asset manager focused on MENA and international opportunities.
The African payments infrastructure provider will enable staff to borrow against their private shares without having to sell them or relinquish potential future upside.
Pinnacle first backed the Saudi hospitality startup's $72 million Series B in 2025, when Gathern was valued at more than $267 million.
Pinnacle Growth & Secondary Fund combined primary capital and secondary share purchases in the automotive platform.
The alternative asset manager, which has begun the process of listing in India, is reportedly targeting $131 million for the strategy.
The investment in the Colombian fintech comprised a mix of primary and secondary capital.
The vehicle targets follow-on investments in the firm's portfolio companies, later-stage co-investments, and secondaries.
The firm is eyeing up to $150 million in final commitments to pursue late-stage secondary deals across India and Southeast Asia.
Avendus Future Leaders Fund III, which is already 30% deployed, has invested ~$15 million in Parag Parikh Financial Advisory Services via secondary.
The India-focused vehicle has a target size of $75 million and will allocate capital across primaries, secondaries, and co-investments.
