SecondaryLink

Bringing transparency to the secondary market

[SecondaryLink @SecondaryLink]

Venture Round Up-

@DigitalGarage , Ion Pacific establish PE secondary fund - https://t.co/u8krvqOkQw

@AdvanceVC surpasses target for debut fund - https://t.co/TaEcETrzrC

Oister launches latest secondaries fund - https://t.co/EMD3wGZdxb

[SecondaryLink @SecondaryLink]

SQ Capital's mid-market bet in secondaries.

In an exclusive interview with @SecondaryLink , Founder Mustafa Siddiqui discusses the firm's "alpha-oriented" strategy following its Top New Secondary Buyer win.

Mustafa M Siddiqui

https://t.co/xWb7B2okZV

[SecondaryLink @SecondaryLink]

@AnthropicAI updates seller/broker blacklist!

The @claudeai- maker continues to crack down on who can trade its shares, warning that unapproved transfers are void.

✅ Off the list:@Forge_Global
🚫On the list: @Hiive_HQ

https://t.co/G7zfvXdgt1

[PFHub.io @PFHub_io]

🚨 BREAKING

ANTHROPIC JUST DECLARED ALL UNAUTHORIZED SECONDARY MARKET TRADES LEGALLY VOID

Covers everything - Forge, Hiive, SPVs, forward contracts, tokenized shares. No Board approval = doesn't exist on their books

The legal trap: original sellers may legally retain both the cash received AND the shares simultaneously

Downstream buyers have zero recourse from Anthropic - must chase upstream parties through a chain of litigation across a $1T implied cap table

This isn't just Anthropic's cap table problem - it's a precedent that threatens the entire pre-IPO secondary market infrastructure

[SecondaryLink @SecondaryLink]

@AnthropicAI updates seller/broker blacklist!

The @claudeai - maker continues to crack down on who can trade its shares, warning that unapproved transfers are void.

✅ Off the list: @Forge_Global
🚫On the list: @Hiive_HQ

More on SecLink: https://t.co/7JUNKt7AGi

[SecondaryLink @SecondaryLink]

Essential Reads:

Onex realizes $317 million from multi-asset CV-https://t.co/fCL9kdhCCx

SecondaryLink expands offering with Events tracking tool-https://t.co/VNTlUzPXfr

HSG closes $3 billion continuation fund-https://t.co/B0QpRMTL07

[SecondaryLink @SecondaryLink]

Essential Reads:
@NPM files patent lawsuit against @Hiive_HQ. https://t.co/mLRPD2FkPt

@AnthropicAI names eight unauthorized secondary market sellers and brokers. https://t.co/XBpBKAkeCk

Tap scraps private equity fund of funds. https://t.co/kPIsAn3cCi

[SecondaryLink @SecondaryLink]

Essential Reads:

@Investec exits GP-led advisory business. https://t.co/CdOAa6t3gf

Pantheon International offloads £224 million portfolio in secondary sale. https://t.co/6NoYEnW5GV

Onex eyes $1 billion continuation fund. https://t.co/2eJ8qmrXJy

More at https://t.co/miY6XjYJGr

[SecondaryLink @SecondaryLink]

Pantheon leads @AudaxGroup Private Debt's $1 billion CV-https://t.co/Ycqp7iJc7x

NGI acquires $195 million GP stakes portfolio from @Stable_AM -https://t.co/JLG1iHYfGG

@hamilton_lane leads @Midocean_ $300 million CV-https://t.co/TADXFmRjDX

Read more at https://t.co/HSr5R973KG

[SecondaryLink @SecondaryLink]

Kline Hill, @CendanaCapital raise $400 million for VC secondaries fund - https://t.co/ZDV2l3k3j1

Endurance reportedly targets $350 million for debut secondary fund - https://t.co/IeimMEe7RA

[SecondaryLink @SecondaryLink]

HarbourVest closes latest US flagship fund at $2.4 billion-https://t.co/r57Aa7InqL

@BNPParibas AM Alts to acquire minority stake in Committed Advisors-https://t.co/0xoNQnZtHQ

Coller to launch new vintages of two secondary funds- https://t.co/9YcIdQaysv

https://t.co/miY6XjYJGr

[SecondaryLink @SecondaryLink]

Turnstone closes fourth fund at ~€450 million https://t.co/DFA3ndDGDU

@partnersgroup raises over $9 billion for eighth PE secondaries program https://t.co/BnwTZSryUd

@CerberusCapital closes $2.3 billion single-asset CV https://t.co/vCYQ8FpcWm

More at https://t.co/miY6XjYJGr

[SecondaryLink @SecondaryLink]

@Revolut weighs more secondary share sale before IPO- https://t.co/TzFSeew4uE

@StabletonAG appoints Max Weichel as Co-Head of Investments- https://t.co/MlaGqDdR0T

@elonmusk acquired $1.4 billion @SpaceX shares via secondaries- https://t.co/Zh4LreOgnK

https://t.co/miY6XjYJGr

[tZERO @tZERO]

Following our recent announcement, @SecondaryLink covered @tZERO's Web3 secondaries marketplace.

tZERO’s marketplace introduces a regulated approach to trading locked tokens, SAFEs, SAFTs and private equity in crypto-native companies.

More via SecondaryLink: https://t.co/wJTaVlyZvi

[Kirkland & Ellis @Kirkland_Ellis]

We’re proud to be named the top GP-led and LP-led secondaries law firm of 2025 by @SecondaryLink.

Our Investment Funds Practice Group includes a market-leading liquidity solutions practice, which advises on a broad spectrum of transactions in the secondaries market. For more than a decade, we have been at the forefront of this space in the U.S., Europe and Asia and continue to benefit from a significant “early mover” advantage in each market as they mature.

Read more: https://t.co/pAF7GBNNrz

[SecondaryLink @SecondaryLink]

@Vintage_Inv files for latest secondary fund - https://t.co/TBGIwOSV4d

@stepstonegroup files for latest venture secondaries fund - https://t.co/BXJQY5S2BH

A look at the Fundrise Innovation Fund's rollercoaster ride - https://t.co/UC6WXOWg75

More at https://t.co/miY6XjYJGr

[SecondaryLink @SecondaryLink]

LGT CP leads Accent Equity's ~$160 million CV - https://t.co/mMBsP1GQQi

@alvarezmarsal launches Private Equity Liquidity Solutions offering - https://t.co/uBAGR28kFS

@pingan_group targets $1 billion PE secondary sale - https://t.co/bw4hRlsGAV

Read at https://t.co/miY6XjYJGr

[SecondaryLink @SecondaryLink]

SecLink Awards: 2025 Winners Recap

Over 3000 professionals cast their vote to reveal the top secondary buyers, advisors, lenders, law firms, insurance providers, and new entrants were of 2025!

https://t.co/hX0fJSjyiL

[SecondaryLink @SecondaryLink]

VC Secondaries Round Up

@AnthropicAI completes tender offer at $350 billion valuation- https://t.co/QT4fy9sX5O

@bitget launches IPO-Prime- https://t.co/CvNeoAiLBq

@DeutscheBoerse acquires $200 million stake in @krakenfx- https://t.co/iVGwoXOARe

📰 https://t.co/HSr5R973KG

[SecondaryLink @SecondaryLink]

👀Essential Reads 📰

CF Private Equity files for fifth secondary fund- https://t.co/ZS7ZJHxPSJ

Netley scales tertiaries strategy to $825 million- https://t.co/VzT1ouHbiJ

@neubergerberman leads Tailwind Capital's CV- https://t.co/mfq0QsMWtS

More at https://t.co/HSr5R973KG👈

[SecondaryLink @SecondaryLink]

👀Key Takeaways- Venture Secondaries

Inside The Pre-IPO & Growth Fund - https://t.co/dwCpmtQRLR

Regrowth Capital raises $63 million for debut secondary fund - https://t.co/mn8ryvmC45

@MSCI_Inc acquires @P_M_Insights - https://t.co/iPABEE8xmJ

More at https://t.co/HSr5R97BAe👈