G Squared Closes $1.1B Sixth Flagship Fund to Capitalize on Opportunity in Venture Capital Secondaries

G Squared Closes $1.1B Sixth Flagship Fund to Capitalize on Opportunity in Venture Capital Secondaries

– Growth-stage venture capital firm focused on supporting dynamic technology companies throughout their life cycles.

– Raised $1.1 billion for its sixth flagship fund, G Squared VI.

– Majority of G Squared VI will be allocated to secondary market opportunities, providing growth capital and liquidity to tech companies and their stakeholders.

– Launch of G Squared VI aligns with a surge in secondary transactions, with volumes exceeding $70 billion in the first half of 2024.

– Founded in 2011 to address the liquidity needs of companies staying private longer; aims to deliver essential liquidity to stakeholders including founders, early investors, and employees.

Larry Aschebrook, Founder and Managing Partner, expressed that the fund’s closure reflects trust and confidence from limited partners in G Squared’s strategy.

– Strategic Focus Areas: SaaS, fintech and insurtech, mobility, and consumer internet.

– G Squared remains committed to partnering with the world’s best growth-stage tech companies and supporting pioneering leaders in technology.

– With G Squared VI, the firm now manages approximately $4 billion and has deployed $5 billion in capital.

– G Squared has supported leading companies like Anthropic, Bolt, Coursera, Fanatics, FIGS, Tipalti, Toast, Turo, Uber, and Wiz.