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Direct Secondaries

Next Round Capital helps shareholders find liquidity for their holdings at the best current market price. We achieve this by competitively offering their shares to a sophisticated pool of investors and enabling ease of execution through our proven process. We have conducted hundreds of transactions for institutional investors and employees in companies such as SpaceX, Stripe, Discord, and Epic Games.

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Co-Investments

Through our deep level of expertise and extensive network of VCs, Next Round Capital has conducted multiple co-investments that enable our LPs to invest alongside world-renowned investors. These investors include the likes of KKR, Lightspeed Partners, Microsoft, Norwest Venture Partners, Bain Capital Ventures, Khosla Ventures, and Greylock Partners. We structure these co-investments as Special Purpose Vehicles, allowing investors to customize their allocation to their preferred opportunities.

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Tender Offers

Management teams should be able to focus on running their businesses rather than on secondary transactions. Next Round Capital assists company management teams in organizing formal tenders or informally compiling groups of employees that are willing to sell at a specific price.

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Share Backed Loans

Due to company restrictions, employees and other shareholders are often not allowed to sell their shares via the company’s board approval process. Next Round Capital works with several strategic partners in these situations to lend shareholders capital while using their shares as collateral. It is often more tax efficient than an outright sale and allows for further upside should the company’s valuation keep rising.