Secondaries - the Smart Money Move
As companies stay private for longer, the secondary market has evolved from a niche alternative into a strategic powerhouse. This session explores the win-win-win mechanics of secondary transactions: providing much-needed liquidity for founders and early employees, offering early investors a path to realize gains, and granting new LPs access to "de-risked" growth in proven scale-ups. Join us to discuss how secondaries are reshaping the European venture lifecycle and why they are increasingly seen as the smartest move for long-term capital.
Main Discussion Points
The Liquidity Bridge: How secondaries allow founders and early team members to de-risk their personal finances without an IPO or M&A event.
Strategic Entry for LPs: The benefits of entering successful scale-ups at a later stage, bypassing the early-stage "J-curve" and moving straight to growth.
GP-Led Secondaries: Navigating the rise of "continuation funds" and how they allow VCs to hold onto their "winners" for longer.
Pricing & Valuation: How to determine fair value in a private market where transparency and "asymmetric information" are the biggest hurdles.
The European Maturation: Why the surge in secondary volume is a sign that the European tech ecosystem is finally reaching institutional maturity.
Host: Peter Sandberg - Founding Partner & Managing Director, Nordic Secondary Fund