TLDR:
- NewView, a spin-out of NEA, is targeting $700 million for venture secondaries.
- The firm was spun out in 2018 through a $1.35 billion secondaries deal backed by Goldman Sachs and Hamilton Lane.
NewView, a venture capital firm spun out of NEA, is currently targeting $700 million for venture secondaries. The firm was established in 2018 through a $1.35 billion secondaries deal supported by prominent investors like Goldman Sachs and Hamilton Lane. NewView aims to identify patterns to build the right LP base for its fundraising efforts. Recent activities in the market include Declaration Partners completing a multi-asset secondary to generate liquidity for an anchor LP, and David Rubenstein’s upcoming event, Private Funds CFO Data and Technology Forum 2024, scheduled for October 8-9, 2024 in San Jose, CA.
