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
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Please consider what VCFA can offer: Learn more about VCFA's investors here.

Selected Portfolio Companies

VCFA Portfolio News

UserTesting Report First Quarter 2022 Financial Results

UserTesting, Inc. (NYSE: USER), a leader in video-based human insight, today announced financial results for the first quarter ended March 31, 2022.
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"We posted strong first quarter results including record total revenue growing 47% year-over-year," said Andy MacMillan, CEO of UserTesting. "The demand for video-based human insights continues to be strong. We see a large opportunity for every company who delivers a customer experience to leverage human insights."



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May 4, 2022

With Vast Data, Nvidia is in the company of a storage unicorn

When it was announced in May of 2021 that Nvidia had increased its investment in storage startup Vast Data, it was not exactly clear how or if the companies already were working together. 
In any event, you couldn’t blame the semiconductor giant for getting a good grip on the tail of a unicorn with a $3.7 billion valuation.
Now, almost a year later, more aspects of the relationship are becoming clear. The companies announced a few weeks ago during Nvidia’s GTC Spring event that Nvidia Bluefield DPUs are powering Israel-based Vast Data’s new Ceres storage platform. Ceres is aimed at redefining data center storage for the AI era by leveraging not only the Bluefield DPUs, but also emerging ruler-based hyperscale flash drives that improve performance, simplify serviceability and reduce data center costs.
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April 13, 2022

Talent Inc. Announces Majority Investment in Carrerminds

 Talent Inc., a leading provider of tech-enabled career services, announced today a majority investment in Careerminds Group Inc., a contemporary global provider of outplacement services.
Founded in 2008 and based in Wilmington, Delaware, Careerminds provides a contemporary tech-enabled global outplacement service focused on getting displaced workers back to work quickly. The company supports organizations and job seekers leveraging a proprietary SaaS (software-as-a-service) technology platform that provides end-to-end career transition services from assessments, resume writing, LinkedIn optimization, networking, and career coaching. Careerminds offers global capabilities that deliver career transition services with industry-leading metrics and results.

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March 17, 2022

For Sellers

The Need for Liquidity
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:
  • 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.
Dayton T. Carr 
Founder
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Remembering Dayton T Carr
New York

David B. Tom

Managing Director

Andrew K. Reilly

Managing Director

​William R. Harman 

Managing Director

Susan Harris

CAO

Contact Us

New York (Headquarters)

509 Madison Avenue
New York, NY 10022
 
Phone: (212) 838-5577
Fax: (212) 838-7614
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Office Manager: Susan Harris (sharris@vcfa.com)

    You can also contact VCFA Group using the form below