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Today: February 4, 2025
January 27, 2025
1 min read

VCFA Group Closes $1225M Venture Partners VII Fund

TLDR:

  • VCFA Group closed VCFA Venture Partners VII fund with $122.5 million in commitments
  • Transition marks continuation of VCFA’s pioneering legacy in the secondary private equity space

VCFA Group, a pioneer in the secondary private equity industry, recently announced the closing of its latest fund, VCFA Venture Partners VII, L.P. (VCFA VP VII), with total capital commitments of $122.5 million. The fund focuses on smaller and more complex purchases of later-stage venture capital and growth equity assets, further solidifying VCFA’s leadership in the secondary market.

The closing of VCFA VP VII is a significant milestone for the firm, which was founded in 1982 by Dayton Carr, the first firm to focus on secondary private equity. Following Carr’s passing in 2020, David Tom and Andrew Reilly assumed leadership and ownership of VCFA, leading to the final closing of VCFA VP VI in March 2021 with $107.2 million in capital commitments. Under their leadership, VCFA Group has now raised $229.7 million in its flagship secondary fund strategy.

In connection with the new funding, VCFA also announced the promotion of two investment team members. Andy Coke was promoted from Senior Associate to Vice President, bringing his experience and knowledge from equity research positions and Brown University to the team. Colin Moffet, who joined VCFA from Princeton in 2021, was promoted from Analyst to Associate. VCFA VP VII targets deals involving seasoned venture capital and growth equity assets, offering tailored liquidity solutions for secondary investors.

According to David Tom, Managing Member of VCFA, the demand for liquidity solutions in the venture and growth-stage fund interests market is greater than ever before, with more sellers seeking flexible capital solutions below $50 million in size. The firm is well-positioned to build on its leadership in the secondary market and grow into a next-generation firm. Andrew Reilly, also a Managing Member of VCFA, expressed pride in carrying forward Dayton Carr’s vision and the team’s deep experience in executing complex transactions, positioning them to expand on their core venture growth secondary strategy while exploring complementary secondary strategies to meet investors’ evolving needs.

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VCFA Group’s Venture Partners VII Fund Raises $1225 Million

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