G Squared has raised $1 billion for its latest fund

Team S · 2024-08-29T09:43:01.000Z

🚀 G Squared has raised $1 billion for its sixth fund, capitalizing on growing investor interest in secondary market investments. Unlike traditional VCs, G Squared focuses on buying existing stakes in startups, allowing them to acquire shares at discounts of up to 80%. This strategy is gaining traction as public listings slow down, providing liquidity to founders and early investors. With this new fund, G Squared now manages approximately $4 billion in assets, having backed notable companies like Anthropic and Bolt. Founder Larry Aschebrook emphasizes that the secondary market is finally getting the recognition it deserves. As the venture landscape evolves, G Squared is well-positioned to thrive in this changing environment. 🌟

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G Squared has raised $1 billion for its latest fund | Newnex