Growth stage VC firm G Squared announced today that it has raised $1.1 billion of committed capital for its sixth flagship fund, G Squared VI. The majority of G Squared VI will be allocated to secondary market opportunities, offering growth capital and liquidity to the next generation of disruptive tech companies and their stakeholders.
G Squared VI aligns with a moment in the market as secondary transactions have soared to unprecedented levels in the first half of this year, with volumes crossing the $70 billion mark. G Squared was launched in 2011 based on the idea that as companies stay private longer, they will require a partner that understands and can address their unique liquidity needs. And the firm aims to deliver essential liquidity to stakeholders – including founders, early investors, and employees, facilitating value realization for all parties involved.
G Squared’s strategy depends on flexible capital deployment through a suite of liquidity services, including direct secondary transactions, primaries and structured primaries, company-sponsored tenders, etc., working in partnership with portfolio company management teams to drive continued growth. With this significant capital, G Squared aims to identify and support visionary entrepreneurs in four core areas of focus: SaaS, fintech and insurtech, mobility, and consumer internet.
G Squared will remain steadfast in its mission of partnering with the world’s best growth-stage tech companies through its distinctive investment principles, creating the conditions for pioneering leaders to shape the future through technology. With this additional capital in G Squared VI, G Squared now has approximately $4 billion under management and has deployed $5 billion in capital to support leading companies, including Anthropic, Bolt, Coursera, Fanatics, FIGS, Tipalti, Toast, Turo, Uber, and Wiz.
KEY QUOTE:
“We are thrilled to have closed this substantial fund, which reflects the trust and confidence our limited partners have in our team and our strategic vision. G Squared VI will enable us to continue our mission of partnering with transformative companies that are shaping the future, while also leveraging secondary market opportunities to provide liquidity relief for the VC ecosystem.”
• ⁃ Larry Aschebrook, Founder and Managing Partner of G Squared
