G Squared, a growth-stage venture capital firm focused on meeting the capital needs of innovative technology companies, has announced the successful closure of $1.1 billion for its sixth flagship fund, G Squared VI. This new fund will primarily target secondary market opportunities, continuing the firm’s strategy of providing growth capital and crucial liquidity to emerging tech companies and their stakeholders.
The launch of G Squared VI coincides with a surge in secondary market activity, with transaction volumes exceeding $70 billion in the first half of 2024. Established in 2011, G Squared was founded on the premise that companies staying private longer need partners who can address their unique liquidity challenges. The firm’s goal is to offer vital liquidity to founders, early investors, and employees, helping all parties realize value.
“We are excited to close this substantial fund, which signifies the confidence and trust our limited partners have in our team and vision,” said Larry Aschebrook, Founder and Managing Partner of G Squared. “G Squared VI will further our mission to partner with transformative companies shaping the future while capitalizing on secondary market opportunities to provide liquidity relief to the VC ecosystem.”
G Squared’s approach involves flexible capital deployment through various liquidity services, including direct secondary transactions, primary and structured primary investments, company-sponsored tenders, and more. By collaborating closely with portfolio company management teams, G Squared aims to drive growth and stability in the private markets. With this new capital, G Squared plans to support visionary entrepreneurs and fast-growing tech companies in its core focus areas: SaaS, fintech and insurtech, mobility, and consumer internet.
As a global firm dedicated to “global growth,” G Squared remains committed to partnering with leading growth-stage tech companies through its unique investment principles, fostering the development of pioneering technologies. With the addition of G Squared VI, the firm now manages approximately $4 billion and has deployed $5 billion to support prominent companies such as Anthropic, Bolt, Coursera, Fanatics, FIGS, Tipalti, Toast, Turo, Uber, and Wiz.
