VCFA Group Reflects on Successful Fund Closure and Future Growth

VCFA Group Celebrates Significant Fund Closure

VCFA Group (NASDAQ: VCFA), a trailblazer in the secondary private equity industry, proudly announces the successful close of its latest fund, VCFA Venture Partners VII, L.P. With impressive capital commitments reaching $122.5 million, this fund reinforces VCFA's renowned leadership in the secondary market, particularly focusing on the acquisition of intricate later-stage venture capital and growth equity assets.

Leadership Transition and Legacy

As VCFA embarks on this new journey with VCFA VP VII, it reflects on its rich four-decade history. Founded in 1982 by Dayton Carr, the firm pioneered the secondary private equity space. Following Dayton's passing in 2020, David Tom and Andrew Reilly stepped forward as leaders, ensuring the firm continued its legacy. With the previous fund, VCFA VP VI, achieving a final close in March 2021 with total commitments of $107.2 million, VCFA has successfully raised a total of $229.7 million through its flagship secondary fund strategy under their guidance. This transition marks a vital moment in the ongoing evolution of VCFA.

Investors' Confidence and Market Demand

David Tom, Managing Member of VCFA, expressed gratitude for ongoing support from both existing and new investors, highlighting an unprecedented demand for liquidity solutions within the smaller end of the market. “The interest we’re seeing from sellers seeking tailored financial solutions under $50 million is greater than ever,” said Tom. With VCFA VP VII successfully closed, the firm is positioned to enhance its leadership further in the secondary marketplace.

Strategic Vision for the Future

Andrew Reilly echoed Tom's sentiments, emphasizing their commitment to the vision Dayton established. He noted the team's extensive experience and the successful navigation of complex transactions uniquely qualifies VCFA to implement its strategy. Looking forward, there is excitement about diversifying secondary strategies to continue meeting evolving investor needs while solidifying their core venture growth secondary strategy.

Enhanced Team Structure to Support Growth

In conjunction with the successful fundraising, VCFA is also promoting key team members to support its growth trajectory. Andy Coke, who started with VCFA in 2019, has transitioned from Senior Associate to Vice President. With prior experience in equity research and a degree from Brown University, Andy brings valuable expertise to his new role. Likewise, Colin Moffet, who joined the firm in 2021 from Princeton, has been promoted from Analyst to Associate, demonstrating VCFA's commitment to developing and nurturing talent within its ranks.

Targeted Investment Strategy

With VCFA VP VII, the firm targets transactions involving seasoned venture capital and growth equity assets. These opportunities arise primarily due to the need for liquidity or portfolio realignment, making them particularly appealing to secondary investors. The complexity of these transactions requires a nuanced understanding of both operational demands and the intricate financial structures underlying these portfolio companies.

Contact Information for Interested Investors

For further information regarding VCFA Venture Partners VII, L.P., or if you’re contemplating the sale of private equity interests, please reach out to:
Susan Harris
VCFA Group
212-838-5577

About VCFA Group

Founded in 1982, VCFA Group has emerged as the first firm primarily committed to acquiring interests in private equity on a secondary basis. With over eleven funds raised and returns exceeding $1 billion to limited partners, VCFA has earned a reputation for discretion and solid relationships within the private equity community. The firm's portfolio includes transactions with significant players such as state pension funds, large banks, and institutional investors, showcasing its prominent role in the industry. For additional details about VCFA Group, please visit www.vcfa.com.

Frequently Asked Questions

What is VCFA Group known for?

VCFA Group is a pioneer in the secondary private equity market, focusing on acquiring interests in private equity funds.

What milestone has VCFA Group recently achieved?

VCFA recently closed its latest fund, VCFA Venture Partners VII, L.P., raising a total of $122.5 million.

Who leads VCFA Group currently?

David Tom and Andrew Reilly currently lead VCFA Group, continuing the legacy of its founder, Dayton Carr.

What types of investments does VCFA VP VII target?

VCFA VP VII targets transactions involving seasoned venture capital and growth equity assets, primarily seeking liquidity and portfolio realignment opportunities.

How does VCFA support its talented team?

VCFA Group promotes internal team members, demonstrating its commitment to developing talent and enhancing its operational capability.

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