Podcasts Business Investing EUVC The deep dive on Isomer's 100M Secondaries Fund with Joe Schorge and Omalade Adebisi | E302

The deep dive on Isomer's 100M Secondaries Fund with Joe Schorge and Omalade Adebisi | E302

Published: April 26, 2024, 4:30 a.m.

The landscape of venture capital is evolving, and Isomer Capital is at the forefront with its new fund designed to meet the dynamic needs of the European venture capital market.We sat down with Joe Schorge and Omolade Adebisi from Isomer to talk through the market, the strategy and the future. Well-worth a watch as we open up the deck that raised the fund and tap the brains that incept and run it. But let\u2019s get the headline numbers in place:

  • 100 M\u20ac Fund dedicated to secondaries exclusively.
  • 65-75% of dedicated to acquiring Limited Partner (LP) interests in existing VC funds.
  • An additional 15-25% is earmarked for direct secondaries in companies, providing crucial liquidity to stakeholders.
  • The remaining funds, up to 15%, are reserved for discretionary investments, which may include buying stakes or carry from general partners.
This strategic distribution of funds is a response to the current market conditions where many European VCs have yet to realize significant returns from their investments. These circumstances often necessitate liquidity solutions for personal reasons\u2014such as purchasing homes or funding private education\u2014or professional requirements like meeting General Partner (GP) commitments for raising new funds.
  • Typical ticket sizes range from \u20ac1 million to \u20ac10 million injecting much-needed flexibility and liquidity across Europe's venture capital ecosystem and broadening Isomer\u2019s impact beyond the traditional fund of funds model to include any Europe-based fund or startup \U0001f496
Hope you\u2019ll enjoy the read and watch on eu.vc and the listen here on your pod player \U0001f64f