VCFA Group

Secondary Market Pioneers

Since its founding over 40 years ago, VCFA has been a pioneer in the purchase of Limited Partnership interests in private equity funds.
THE FIRM

Empowering Private Equity Investors

about VCFA group

In 1982, VCFA Group was founded as, what we believe to be, the first firm to primarily focus on the acquiring interests in private equity funds on a secondary basis. Before VCFA Group, a private equity investor needing liquidity had very few options. Since then, VCFA Group has pioneered and innovated the practice of secondary purchases of limited partnership interests, fund restructurings and direct secondary investing in venture capital and growth equity-sponsored assets.

Providing Liquidity to
Investors in Venture-Backed Companies

VCFA provides creative liquidity solutions for investors and stakeholders in venture-backed, high-growth companies that are near a liquidity event.

Providing Liquidity to
General Partners

VCFA pioneered the concept of private equity fund restructurings, today often referred to as "GP-Led" transactions. We continue to specialize in smaller, more complex transactions that allow General Partners to deliver liquidity to investors in mature and end-of-life funds.

Providing Liquidity to
Limited Partners

VCFA has been delivering liquidity to Limited Partners in venture capital and growth equity funds since 1982. We focus on smaller LP transactions and regularly purchase interests in lesser known venture and growth equity funds and Partnerships.

Our Approach

Over the years, VCFA Group and the secondary industry have both grown in size and significance. To date, VCFA Group has raised ten venture / growth equity secondary funds, totaling over $1 billion of cumulative AUM. The firm focuses on the purchase of equity in mature, private, high-growth companies backed by venture capital and growth equity funds.

VCFA Group excels in both LP-led and GP-led secondary markets, leveraging our 40+ years of experience in building diversified, high-quality portfolios. We aim to deliver superior returns, near-term liquidity and broad diversification, with a focus on investing in high-growth, later-stage assets. 

A wealth of knowledge

our Investment Team

Passion, creativity, and flexibility have driven VCFA’s culture for over four decades. Our deep market expertise and broad network foster an environment where bright ideas and talent thrive. This innovative spirit unites the team at VCFA to promote growth and success.

We believe building a portfolio of mature, high-growth, exit-ready companies across many sectors provides our investors a diversified and risk-adjusted approach to venture capital investing

Andrew Reilly, Managing Director VCFA group

Why Choose VCFA Group

Experience & Trust

VCFA combines innovation and creativity with over four decades of experience to provide tailored liquidity solutions, ensuring efficient, fair, and confidential transactions. Our deep industry relationships and market expertise make us a trusted choice for Limited Partners and General Partners seeking liquidity solutions

recent news & insights

portfolio news

January 8, 2025
Nelson Chai Named Executive Chair of DailyPay

DailyPay, a leading worktech platform powering daily opportunities for workers and their employers, today named Nelson Chai as Executive Chair of DailyPay. An accomplished executive, Mr. Chai will lead DailyPay’s Board of Directors and provide strategic guidance to the organization. Mr. Chai brings a wealth of experience from leading roles at prominent companies, including most recently as the Chief Financial Officer at Uber from 2018 to 2023.

November 14, 2024
bitsight to acquire cyber threat intelligence leader cybersixgill to help enterprises to preempt cyber attacks

Bitsight, the global leader in cyber risk management, today announced it has signed a definitive agreement to acquire Cybersixgill, a leading global cyber threat intelligence (CTI) data provider. Together, Bitsight and Cybersixgill will provide unmatched visibility into an organization’s external attack surface, supply chain, and the threats targeting it. As a result, security leaders can proactively identify, prioritize, and mitigate risk across their first and third party environments.

december 3, 2024
Dailypay appoints accomplished commercial leader ryan mang as chief commercial officer

DailyPay, a worktech company and the leading provider of earned wage access, has announced that Ryan Mang has been named to the newly created position of Chief Commercial Officer at DailyPay. Mang will report to Stacy Greiner, Chief Executive Officer, DailyPay.

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