3Spoke Liquidity Partners, LP (“3SPOKE”) is pleased to announce the close of its fourth structured secondary transaction.
Structured liquidity solutions provider, 3Spoke Capital, completed a $75 million structured secondary transaction with the corporate venture capital arm of a prominent public entity (the “Counterparty”). The Counterparty invests globally in early-stage companies and was seeking liquidity for distribution back to the corporate parent given the growth of its global venture portfolio, an overall slowdown in distributions, and to re-deploy capital into additional target investments. The transaction was backed by direct interests in 14 global venture capital-backed companies.
Craig White, Managing Director at 3SPOKE, commented, “3SPOKE is pleased to have been able to provide this bespoke liquidity solution to satisfy the Counterparty’s need, while providing an attractive opportunity for our investors to gain exposure to a diversified global portfolio of high-growth companies.” Ian Leisegang, Managing Partner at 3SPOKE, added, “We continue to see demand for flexible liquidity solutions as stakeholders and investors look to free up capital and continue participation in their attractive venture and growth-equity holdings. With the lack of public market exits and significant discounts in the direct secondary market, stakeholders are reluctant to part with their highest growing assets but are finding a structured approach as a compelling alternative to liquidity.”
3Spoke Capital’s Investment Strategy
3SPOKE’s secondary market liquidity solutions provide an alternative to a secondary sale for limited partners, general partners, and management teams of late-stage venture and growth-equity assets seeking to free up capital or fund capital call commitments or options exercise while maintaining future participation.
Disclaimer: This press release is for informational purposes only and does not constitute a recommendation or an offer to buy or sell securities in any 3SPOKE fund or any other 3SPOKE product or to pursue any particular investment strategy. Statements contained herein are based on current expectations, estimates, projections, opinions, and beliefs of 3SPOKE. Such statements involve known and unknown risks, uncertainties, and other factors, and this information should not be relied upon in evaluating any investment or any particular investment strategy. Moreover, the statements contained herein represent solely the opinion or belief of 3SPOKE and are not expressed herein as the opinion or belief of any other entity or of members of the 3SPOKE team or other persons. All views expressed and any statement relating to expectations regarding future events or the possible future activities, opportunities, or performance of any 3SPOKE funds or investments represent 3SPOKE’s own assessment and interpretation of information available to it as of the date of this press release and are subject to change without notice. Any discussion of general market activity, industry, or sector trends, or other broad-based economic or market conditions, should not be construed as research or investment advice. You should consult your own advisers as to financial, tax, legal, and all other related matters concerning any investment. Past performance is not a guarantee, projection, or prediction and is not necessarily indicative of future results, and there can be no assurance that any 3SPOKE fund or any of its portfolio investments will achieve comparable results. Neither 3SPOKE nor any other person has any obligation to update this press release or correct inaccuracies or omissions in it.
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3Spoke Liquidity Partners, LP (“3SPOKE”) is pleased to announce the close of its fourth structured secondary transaction.
Contacts
Ian Leisegang
Managing Partner
Steve Gold
Managing Partner
Media Inquiries
investments@3spokecapital.com