VCFA Group Announces the Successful Close of VCFA Venture Partners VII, L.P

VCFA Group Announces the Successful Close of VCFA Venture Partners VII, L.P

– VCFA Group (VCFA) closed its latest fund, VCFA Venture Partners VII, L.P. (VCFA VP VII), with $122.5 million in capital commitments.

– The fund focuses on smaller, complex purchases of later-stage venture capital and growth equity assets in the secondary market.

– The close of VCFA VP VII marks a milestone in VCFA’s 40-year history as a pioneer in secondary private equity.

– VCFA was established in 1982 by Dayton Carr, the first to focus on secondary private equity.

– Dayton Carr passed away in 2020 during fundraising for the predecessor fund, VCFA Venture Partners VI, L.P. (VCFA VP VI).

– Leadership transitioned to David Tom, CFA and Andrew K. Reilly, culminating in VCFA VP VI’s final close in March 2021 with $107.2 million in commitments.

– Under David and Andrew’s leadership, VCFA has raised $229.7 million in its flagship secondary fund strategy.

– David Tom emphasized growing demand for tailored liquidity solutions for smaller transactions below $50 million.

– Andrew Reilly highlighted VCFA’s expertise in complex transactions and plans to expand its secondary strategies.

– Two investment team members were promoted: Andrew Coke to Vice President and Colin Moffet to Associate.

– VCFA VP VII targets transactions involving seasoned venture capital and growth equity assets requiring liquidity or portfolio realignment.

– These transactions demand expertise in operational and financial needs, as well as intricate capital structures.