We are now launching a new secondaries fund, US Secondaries Fund III A/S, which will acquire “secondaries” venture investments over the next few years. This refers to previously made investments at a discount compared to their most recent valuation.
The company currently has 32 investors and has subscribed for a total of USD 10,940,000 in the fund. The company was founded in 2020 and as of December 31, 2022, it has achieved a total equity of DKK 20.4 million, of which DKK 22.7 million has been contributed by investors. The company’s investments are still in the development phase, and it is expected that this company will also achieve realized track records similar to funds with Knightsbridge as an investment advisor, meaning an IRR of around 15% and an MOC (multiple) of around 3x.
US SEC
The company has 46 investors and has subscribed for a total of USD 13,365,000 in the fund. The company was founded in 2019 and as of December 31, 2022, it has achieved a total equity of DKK 108 million, with DKK 85 million contributed by investors.
US VENTURE INVEST
The company has 7 investors and has subscribed for a total of USD 3,042,000 in 4 funds. The company was founded in 2014 and as of December 31, 2022, it has achieved a total equity of DKK 23.6 million, with DKK 8.5 million contributed by investors.
US VENTURE II
The company has 9 investors and has subscribed for a total of USD 800,000 in the fund. The company was founded in 2016, and as of December 31, 2022, it has achieved a total equity of DKK 9.2 million, with DKK 7 million contributed by investors. The company is approaching the exit phase, and it is expected that the company’s track record will improve, potentially achieving performance levels similar to other funds in that phase, with an IRR of around 15% and an MOC (multiple) of around 3x for the fund investment.
The partner team has a track record of successful startups and exits. Rebel selects a small portion of Y Combinator’s batches through their AI model and in-depth personal interviews, a strategy that has positioned Rebel among the top 1% best-performing venture funds in the USA.
