Ion Pacific Embraces Continuation Vehicles as VC Secondaries Opportunities Proliferate
Ion Pacific has served as a source of liquidity for VC investors for nearly a decade, often through preferred equity structures. Such is the glut of yet-to-IPO positions in soon-to-expire funds, the firm has added continuation vehicles (CV) to the toolkit for its latest vintage. Stonecutter III, which closed on USD 195m less than three […]