Private Equity Firm Second Alpha Partners Closes $170 Million Fund Focused on Growth-Stage Tech Companies in New York

Second Alpha Partners, a New York-based private equity firm specializing in secondary direct investments in growth-stage tech companies, has announced the successful closing of their latest fund, Second Alpha Partners V, L.P. The fund secured $170 million in limited partner commitments and was oversubscribed, with a diverse group of investors including insurance companies, foundations, and family offices.

Founded in 2012 by Richard Brekka and Jim Sanger, Second Alpha focuses on investing in mature, growth-stage technology companies. The firm’s team consists of experienced technology investors and finance professionals with backgrounds at top financial services firms.

Managing Partners Richard Brekka and Jim Sanger expressed their gratitude for the support from both existing and new investors, highlighting the confidence in Second Alpha’s strategy. They believe that their approach to making secondary investments is well-suited to the current market environment.

Second Alpha employs thematic, data-driven methodologies to identify attractive investments and often becomes an active partner with the management teams of portfolio companies to support their growth and development.

FocusPoint Private Capital Group served as the placement agent for Fund V, with legal counsel provided by Willkie Farr & Gallagher.

Second Alpha offers capital solutions to address the growing need for interim liquidity among shareholders of private companies. The firm works closely with companies to provide liquidity options before a company sale or IPO, leveraging their industry knowledge to support portfolio companies in achieving their strategic goals.

Investors are reminded that this press release is not an offer to invest in any Second Alpha fund and that past performance is not indicative of future results.

Source: Second Alpha Partners