First secondary VC fund offers founders ‘life-changing’ wealth

Australia’s first secondary venture capital fund, SecondQuarter Ventures, which buys out parts of existing stakes in start-ups, has banked another $21 million for its first fund, as appetite from early investors and founders to realise some of their gains soars.

The fund, which was co-founded by Aconex’s Leigh Jasper, former family office investor and hedge fund operator Ian Beatty, prolific tech investor Andrew Sypkes and David Tarascio of Salta Capital, now has $51 million under management.