Turbine Raises $22M to Provide Liquidity to Venture Capital Investors

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a day ago

Summary

Turbine raises $22M, offers liquidity to venture capital investors, allows them to access funds using their fund stakes as collateral, and provides an alternative to selling assets on secondary markets or at discounts.

Key Points

Turbine's platform uses the appreciated value of investors' positions in venture funds as collateral for loans.
The company offers a way for limited partners to access cash without having to sell their stakes in funds or portfolio companies.
Turbine's interest rate is currently around 9%, which could be considered reasonable compared to selling assets on secondary markets or at discounts.

Why It Matters

Turbine's platform provides a solution for venture capital investors who need liquidity without sacrificing their future upside.

Author

Marina Temkin

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