What's Happening in Venture Secondary Markets
Jihan Bowes-Little is Managing Partner and Co-Founder of Bracket Capital.
Founded in 2017, Bracket Capital manages ~$1.2bn of assets focused on equity investments in mid to late-stage private technology companies. Investments include, but are not limited to: AirBnB, Anduril, Coinbase, Hive, Olipop, Palantir, Reddit, SoFi, SpaceX, Stripe, and xAI. The Firm targets outsized risk-adjusted returns in category-leading businesses primarily via special situations (e.g. secondaries, structured equity rounds, etc…).
Jihan began his investing career in London on Goldman Sachs’ esteemed Global Macro Proprietary Trading Desk. In 2006, he moved to Credit Trading, where he managed a multi-billion-dollar portfolio throughout the subprime crisis, generating record profits and gaining invaluable expertise investing in illiquid markets and emerging asset classes. He later joined Millennium Capital as a Portfolio Manager and was later recruited to lead a multi-strategy portfolio for BlueCrest Capital, where he was promoted to Partner in 2012.
Jihan has layered experience identifying and investing in trends across multiple asset classes, lending him unique insights into evolving investable themes, portfolio construction and asset allocation. In addition to running Bracket Capital, Jihan sits on the Board of the Bracket Foundation and the LA Advisory Board for College Track.
Jihan graduated with honours from Brown University (2002) with a double major in Economics and Philosophy. He lives in Los Angeles with his wife and four children.
Richard is an Investment Partner at Hollyport Capital, a specialist secondary manager focused on legacy private equity and venture capital. Richard joined Hollyport in 2015 as an Associate and is based in London. He became Partner in 2021, and in addition to being a member of the Investment Committee, is responsible for sourcing, negotiating and executing both LP portfolio and GP-led secondary transactions. During his time in the business he has worked on over 80 successful transactions.
Matt is a Partner at Lexington Partners, a leading global manager of private equity secondary and co-investment funds. Matt primarily focuses on technology investing through the acquisition of limited partnership interests in buyout, growth equity and venture capital funds, and direct interests in private companies. Prior to Lexington, Matt was a co-founder at Data Marketplace, a digital marketplace for data that was acquired, and an investor at Genstar Capital, a San Francisco-based middle market buyout firm. Matt began his career at J.P. Morgan’s investment bank and studied finance at the Indiana University Kelley School of Business.
Ravi Viswanathan is the Founder and Managing Partner of NewView Capital (NVC), a growth-stage firm that helped pioneer venture secondaries. With $2.8B under management, NVC provides primary and secondary capital solutions tailored to the needs of high-potential technology companies and partner investors. The firm complements funding with the operational impact and trusted connections needed to realize scale.
Prior to founding NVC, Ravi was a General Partner at NEA, where he co-led the growth practice and oversaw enterprise software and fintech investing. He has backed 14 unicorns, including MuleSoft, TeleAtlas, Acquia, Scopely, Hims, Plaid, Apollo, Forter, and Human Interest.
Ravi holds an MBA from Wharton, a PhD in Chemical Engineering from UC Santa Barbara, and a BS in Bioengineering from the University of Pennsylvania. He is also the Chair of the Wharton Entrepreneurship Advisory Board.
Nina runs financial operations and analytics at Upfront. Before joining Upfront, Nina was CFO at Omaze, a venture backed company innovating at the intersection of gaming and charitable fundraising. Before Omaze, Nina was VP Finance at TOMS, which sold to Bain Capital in 2014. Nina started her career in Investment Banking at Goldman Sachs. She received an AB in Economics from Princeton and an MBA from The Wharton School.