Visionary invites you to gain industry insights from 3Spoke Capital (highlights below) regarding their investment strategy that provides liquidity for growth and late-stage venture portfolios heading toward IPO. 3Spoke will detail the asset class in general and compare their structure to usual methods of deploying capital into venture secondaries. Next steps for prospective LPs interested to consider their fund investment opportunity will be coordinated with arranged meetings.
RSVP for the Virtual Event on May 19th at 2 p.m. EST to receive live/recorded access and click https://visionary.is/members/3spokecapital to request materials~arranged meetings with 3Spoke Capital.
Take the Access Survey to share your current investment focus and business objectives and Visionary will be in touch to schedule a welcoming meeting with new invitees and regroup meetings with our current Members.
Industry: Venture Capital
3Spoke Capital III: ~75% deployed in 16 transactions: 12 single asset and 4 portfolios, with strong performance through 2021Q4 of 98% Gross IRR (66% Net), 2.3x Gross MOIC (1.9x Net), and 2.1x TVPI, with ~65% downside protection.
Realizations: completed & announced in numerous positions highlighted by TalkDesk, FlyWire, Paidy, BarkBox, Presto, and SoundHound.
Launching: 3Spoke Liquidity Partners, LP. Targeting USD 150M of investor commitments driven by strong investment performance, market demand & a growing pipeline.
Investor demand for late-stage VC remains extremely strong. Over USD 220B in capital investment went to late-stage startups in the US during 2021- more than doubling from 2020.
Liquidity needs of venture market participants are complex and rapidly growing, resulting in strong demand for 3SPOKE's creative and flexible solutions.
Since 3SCIII inception in 2019, 3SPOKE has sourced well over USD 1 billion of investment opportunities.
3SPOKE to leverage existing success and capture the highly attractive and underserved venture segment of the structured secondaries market, which 3SPOKE estimates could be ~USD 2B+ annually.
3SPOKE’s investment strategy providing significantly discounted entry valuations and the ability to generate positive returns in a declining valuation environment is extremely well positioned in the current volatile equity market environment.
Currently Seeking: Fund LP Investors