About VCFA Group
VCFA Group became the first firm primarily focused on the acquisition of interests in private equity funds on a secondary basis in 1982. Before VCFA Group, a private equity investor needing liquidity had very few options. VCFA Group pioneered the concept of secondary purchases of limited partnership interests, providing liquidity to limited partners in venture capital, growth equity, buyout and other types of private equity funds.
Over the years, VCFA Group and the secondary industry have both grown in size and significance. To date, VCFA Group has raised ten funds totaling over $800 million. The firm focuses on the purchase of interests in promising companies backed by venture capital and growth equity funds.
VCFA is an active and experienced buyer of equity positions in high growth private companies in the following ways:
1. The purchase limited partnership interests (single or portfolios) - Secondary limited partnership purchases
2. The purchase of equity in an individual company from founder, early stage investor seeking liquidity - Secondary directs
3. By helping fund managers (GP's) liquidate and/or restructure aging/mature funds in order to provide liquidity to investors - GP led transactions OR fund restructurings
Please consider what VCFA can offer: Learn more about VCFA's investors here.
Over the years, VCFA Group and the secondary industry have both grown in size and significance. To date, VCFA Group has raised ten funds totaling over $800 million. The firm focuses on the purchase of interests in promising companies backed by venture capital and growth equity funds.
VCFA is an active and experienced buyer of equity positions in high growth private companies in the following ways:
1. The purchase limited partnership interests (single or portfolios) - Secondary limited partnership purchases
2. The purchase of equity in an individual company from founder, early stage investor seeking liquidity - Secondary directs
3. By helping fund managers (GP's) liquidate and/or restructure aging/mature funds in order to provide liquidity to investors - GP led transactions OR fund restructurings
Please consider what VCFA can offer: Learn more about VCFA's investors here.
Selected Portfolio Companies
Exited
VCFA Portfolio News
Ashley Home acquires Nectar mattress owner Resident HomeAshley Home, an affiliate of Ashley Global Retail, has acquired Resident Home - the owner of Nectar, DreamCloud, Awara and Siena brands. The transaction was approved by the board of directors from both companies and officially closed on Wednesday, according to the company. As part of the deal, Resident co-founders and co-CEOs, Eric Hutchinson and Ran Reske, will remain in their current positions. The acquisition by Ashley will give Resident, known for mattresses, the opportunity to expand its home furnishings assortment and global footprint. "We are incredibly excited about the possibilities that Resident brings to Ashley," Todd Wanek, CEO of Ashley, said in a statement. "In only a few years, Resident has established itself as a premier destination for mattresses, and we believe this merger will strengthen both companies and accelerate our growth trajectories, together bringing more products to more homes."
March 7, 2024 |
Accenture to acquire Udacity to build a learning platform focused on AIAccenture announced today that it would acquire the learning platform Udacity as part of an effort to build a learning platform focused on the growing interest in AI. While the company didn't specify how much it paid for Udacity, it also announced a $1 billion investment in building a technology learning platform it's calling LearnVantage.
While it could also offer more general technology training, the company made clear that it is particularly interested in offering training to get workers up to speed on AI. "The rise of generative AI represents one of the most transformative changes in how work gets done and is driving a growing need for enterprises to train and upskill people in cloud, data and AI as they build their digital core and reinvent their enterprises," Kishore Durg, global lead of Accenture LearnVantage said in a statement. March 5, 2024 |
Carrick Capital Doubles Down on Financial Technology Company DailyPayCarrick Capital Partners led a roughly $75 million equity investment in DailyPay in a deal that valued the earned-wage access provider at $1.75 billion. Investment firm AllianceBernstein also participated in the equity funding, which raised DailyPay’s valuation by 75% from $1 billion nearly three years ago, when Carrick led a $175 million investment in the business, said Jim Madden, Carrick’s co-chief executive.
“It’s a big step up, given the market swoon over the last two years,” Madden said of the valuation increase. “But the company’s performance” justified it, he said. DailyPay is the largest investment in the private-equity firm’s 12-year history, he added. January 18, 2024 |
For Sellers
The Need for Liquidity
VCFA has purchased interests from a variety of sources including:
Choosing VCFA Group for Private Equity Liquidity Needs
Sellers choose to work with VCFA because of the experience VCFA has developed through the completion of nearly 200 fund acquisitions.
Sellers find value in VCFA's:
VCFA has purchased interests from a variety of sources including:
- Fortune 500 and Global 5000 Corporations
- Banks
- Insurance Companies
- Pension Funds
- Foundations
- Individuals
Choosing VCFA Group for Private Equity Liquidity Needs
Sellers choose to work with VCFA because of the experience VCFA has developed through the completion of nearly 200 fund acquisitions.
Sellers find value in VCFA's:
- Responsiveness: Sellers respect VCFA Group’s responsiveness and straight forward approach to buying private equity fund interests.
- Confidentiality: VCFA Group respects the need for confidentiality and discretion, before and after a transaction.
- Flexibility: VCFA has the ability to provide structured transactions to accommodate a wide variety of scenarios.
- Valuation: VCFA's is able to quickly and fairly value private equity assets and provide appropriate value to investors requiring early liquidity.
General Partner Relations
VCFA has been building lasting relationships with general partners since 1982. Strong relationships, confidence and trust are the foundations of VCFA's business.
Building a relationship with VCFA has benefits:
Building a Relationship with VCFA
If you are a general partner of a venture capital or growth equity fund and would like to explore how VCFA can enable you to deliver liquidity to your investors, please contact David Tom at (212) 838-5577 to discuss how VCFA can assist in any future liquidity situations.
Building a relationship with VCFA has benefits:
- VCFA has been in business for over thirty years and is one of the most experienced buyers of private equity interests
- VCFA will work diligently to assure a smooth transaction and accommodate your specific needs
- Acquiring private equity secondary interests is VCFA's sole business focus—there is no conflict with any other investment activity
Building a Relationship with VCFA
If you are a general partner of a venture capital or growth equity fund and would like to explore how VCFA can enable you to deliver liquidity to your investors, please contact David Tom at (212) 838-5577 to discuss how VCFA can assist in any future liquidity situations.
Meet Our Team
The VCFA team is headquartered in New York with over 50 years of combined private equity experience.
New York
David B. Tom
Managing Director
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Andrew K. Reilly
Managing Director
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William R. Harman
Managing Director
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Andrew Coke
Senior Associate
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Colin Moffet
Analyst
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Deena B. Seelenfreund
CFO / COO
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Rivka Weinberger
Accounting and Finance Associate
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Susan Harris
CAO
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Contact Us
New York (Headquarters)
126 East 56th Street
Suite 420
New York, NY 10022
Phone: (212) 838-5577
Fax: (212) 838-7614
Office Manager: Susan Harris ([email protected])
126 East 56th Street
Suite 420
New York, NY 10022
Phone: (212) 838-5577
Fax: (212) 838-7614
Office Manager: Susan Harris ([email protected])