Managers

The backer of Canva and five other unicorns reportedly attracted commitments from Harvard's endowment, MetLife and the University of Wisconsin’s endowment.

Former Intel Capital directors closed on $305m for their third flagship fund, which will make direct secondary purchases from founders, employees and early investors in data infrastructure, cybersecurity, fintech, robotics and next-gen gaming companies.

Figma’s stock price soared 250% on Thursday after the company went public at $33 a share.

Our directory, first published in July 2024, has grown to 31 firms that manage more than $94bn in secondaries capital.

The growth-stage tech investor, which is targeting $225m for its fifth flagship, uses a broad range of both primary and secondary deal structures to support its portfolio and LPs.

The biggest winner in a Figma IPO would be Index Ventures, which holds 62.57m shares worth $1.75bn at $28 per share.

Brio developed its LP management software in-house at Brightspark before spinning out and raising a seed round earlier this year.

The giant asset manager's Private Equity Solutions platform will make about 20-25 investments in a mix of early-stage funds and co-investments in later-stage companies.

The fundraising drought has been particularly challenging for emerging managers, but both LPs and GPs say there is reason to be optimistic.

Venture funds raised $41.6bn worldwide in the first half of this year, down from $60bn in H1 of last year, according to exclusive research by Venture Capital Journal.