People will be running out of choice’: One VC is launching a new $100m fund to take advantage of secondaries in growth companies

The current venture market is fraught: investors have funnelled billions of euros into startups in recent years, but amid a drought of exits, VCs aren’t cashing out on their investments — and neither are their own investors.

It’s a conundrum that more firms are dealing with now, and one solution VCs have at their disposal is secondaries — where investors, founders and employees sell equity in private companies. Today London-based investment firm Launchbay Capital is announcing that it’s raised $25m, of a target $100m fund, to try and take advantage of what many in the VC industry think could become a booming secondaries market in 2024…Read Full Article