Second Alpha Partners has closed its fourth fund at $75.6 million. The New York City-based private equity firm is focused on making secondary investments. FocusPoint Private Capital Group was the placement agent.
Second Alpha Partners today announced the closing of its latest investment fund, Second Alpha Partners IV, L.P. (the “Fund” or “Second Alpha IV”). The Fund received $75.6 million in commitments.
Second Alpha, based in New York, is a private equity firm focused on secondary and secondary-linked direct investments in mature venture stage, growth equity and middle market companies. The firm primarily target technology, media, telecom and tech-enabled services opportunities.
To date, Second Alpha has made direct investments from the new Fund representing approximately $14.5 million in aggregate and an additional $6.5 million in Fund-related co-investments. The Second Alpha IV portfolio includes positions in leading tech companies OpenX, Code42, and ON24, among others.
Led by a team of seasoned professionals who together possess more than 75 years of experience across varying corporate finance and business operations roles, Second Alpha will continue to craft innovative capital solutions that allow founders, managers and investors in private companies to achieve liquidity prior to company sales or IPOs.
“There is a tremendous need for shareholder liquidity,” said Richard Brekka, Second Alpha’s Managing Partner and co-founder, “and we look forward to being the solution provider.” Jim Sanger, also a Managing Partner and co-Founder of the firm, added “We think that our flexible, value-added approach is an especially good fit for shareholders in growth equity companies who need only partial liquidity, or who desire creatively-structured liquidity solutions.”
FocusPoint Private Capital Group acted as the exclusive placement agent for Second Alpha Partners IV.
About Second Alpha Partners
Founded in 2012, Second Alpha Partners is a value-oriented private equity firm focused on secondary and secondary-linked direct investments in mature venture stage, growth equity and middle market companies showing prospects for superior future growth. Second Alpha seeks to purchase full or partial equity and equity-linked positions from existing investors and founders (“secondary directs”), primarily focusing on North American technology, media, telecom and tech-enabled services opportunities.