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Tech Backer Launches $250M Second-Hand Asset Fund
17 Aug
Summary
- A fund is being built to invest in second-hand private assets.
- The target fund size is $250 million.
- LTC Invest has already secured over $50 million from wealthy individuals.
Konstantin Sidorov, a known supporter of prominent European tech companies, is spearheading a new venture through LTC Invest. The firm is actively working to establish a substantial $250 million fund. This fund's primary objective is to invest in previously owned stakes within private assets, tapping into the burgeoning secondary market.
LTC Invest has already made significant progress, securing commitments exceeding $50 million. These investments have come from a group of affluent individuals, signaling a strong initial confidence in the fund's strategy. The initiative is positioned to offer a novel approach to private equity investment by focusing on resold stakes rather than direct new investments.
