NotSoLiquid (acquired by Bryan Garnier) reposted this
Finally had a chance to read the white paper “Demystifying Company Led Secondaries” recently published by Bryan, Garnier & Co with thanks to Ramsey Daunch. Great coverage of the venture landscape and highlights the range of motivations across stakeholders for liquidity solutions. As noted, “Stifled exits are creating a liquidity strain” both in Europe and the US. The focus on profitability was notable as all European IPOs (>€200M) in the first half of 2024 have been EBITDA positive. The broad reduction in exit volumes continues to cascade across employees and investors, deferring expected liquidity and motivating everyone to evaluate options for an adequate and relevant solution. https://lnkd.in/edr8Hkta
💡 Are you looking to better understand company-led secondaries for venture-backed companies? https://lnkd.in/d4KEwrHV 🚀 Bryan, Garnier & Co is pleased to introduce our latest white paper, "Demystifying Company-Led Secondaries", a comprehensive guide providing an in-depth overview of company-led secondaries and their crucial role in the evolving venture secondary market. 🔗 Don't miss out on this valuable resource! Download the white paper here: https://lnkd.in/d4KEwrHV
Many thanks for the highlight !
Secondaries @ Bryan, Garnier & Co. | HEC Paris
3moLovely to be featured - looking forward to collaborating on these topics in the future!