Institutional Investor
Continuation Funds Come to Venture Capital
Leading investment magazine Institutional Investor covers Nodem's story (link)
Venture capital firms are slowly discovering continuation funds as a way to return cash to investors in a market where exits have been largely frozen for the past two years. But it’s not just big established VC firms in the U.S., which are holding deeply discounted assets, that are interested in launching continuation funds.
London-based Nodem Capital, founded by former Cambridge Associates and Sturgeon Capital alumnus Alex Branton, is taking the continuation fund model to what he calls “next wave” markets. Nodem, which quietly launched this summer, will offer secondary liquidity to the holders of VC-backed assets in markets that include Emerging Europe, Turkey, Latin America, Southeast Asia, and India.
Read more (link)