The inaugural fund reflects disciplined portfolio construction and a fundamentals-driven secondaries strategy
New Vintage Partners (“NVP”), a leading venture and growth equity secondaries firm, today announced the final close of its inaugural fund, Fund I, with $82 million of committed capital. This marks a key milestone for the firm as it continues to execute its disciplined investment strategy focused on providing investors with exposure to high-quality, later-stage private companies through secondary transactions.
Since inception, NVP has steadily deployed capital, constructing a concentrated portfolio of scaled businesses underwritten on financial fundamentals. Including Fund I and associated co-investment opportunities, NVP expects to deploy more than $125 million from this vintage by the end of the current quarter. The firm believes the portfolio is well-positioned for potential near- to medium-term liquidity and growth as market conditions evolve.
“This final close marks an important milestone for the firm and reinforces our views that there is a gap in the market for a disciplined, institutional approach to providing liquidity solutions within the highly fragmented venture and growth ecosystem,” said Ben Slome, Co-Founder of New Vintage Partners. “Fund I solidifies the foundation of our platform, and we are focused on continuing to build a differentiated strategy centered on rigorous, asset-level underwriting and intentional portfolio construction.”
NVP’s strategy focuses primarily on LP-led secondary transactions, complemented by selective GP-led and direct opportunities, providing exposure to later-stage companies with significant revenue and defensible business models. By emphasizing fundamental underwriting of underlying companies and portfolio exposures, the firm seeks to invest at attractive entry points relative to primary – and often direct – valuations prevailing in the market.
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NVP closed Fund I with a concentrated portfolio structure aligned to its underwriting approach and exposure goals.
“We view our Fund I and its related co-investment vehicles as proof of concept for our venture and growth-focused strategy, where a focus on LP-led transactions allows us to capitalize on wider spreads and natural moats in a marketplace that has had a historic lack of DPI and few players,” said Charles Jaskel, Co-Founder of New Vintage Partners. “The opportunity set has never been so rich.”
The final close of Fund I positions New Vintage Partners to continue building its platform within what the firm views as a structurally important segment of private markets, supported by durable tailwinds, including longer private holding periods and continued demand for liquidity solutions. As institutional investors increasingly utilize secondaries as both a portfolio management and liquidity tool, NVP expects the long-term opportunity set will continue to expand.
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