Launchbay Capital Highlights Further Growth in Private Market Secondaries

Recognizing the potential of the secondary market, several firms have launched or are in the process of raising significant secondary funds, including Blackstone, StepStone Group, and HarbourVest. These funds are complemented by more focused players like Launchbay Capital, 137 Ventures, and Manhattan Venture Partners, which specialize in shorter duration funds and more liquid secondary investments.

Funk also noted the growing interest from global family offices and institutional investors. "We're seeing increased participation from pension funds and family offices, which is boosting liquidity in the secondary market. This trend is particularly notable in emerging markets like Mexico, where the venture secondaries market is projected to exceed $1 billion in transaction volume over the next 2-3 years." 

This growth is driven by several factors:

Funk cited successful case studies, including Airbnb and SpaceX, where secondary investments yielded significant returns. In Airbnb's case, investors in a 2016 secondary round saw a substantial well documented multiple as a return on their investment in just four years, when the company went public in 2020.

"At Launchbay Capital, we're leveraging our expertise and technology to capitalize on these opportunities," Funk stated. "Our team has developed robust due diligence processes and industry networks that allow us to identify and invest in high-potential secondary opportunities."

To learn more, please visit https://launchbaycapital.com.

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