General Atlantic backs Clipway's debut secondaries fund

What's the deal? General AtlanticDealroom has a profile for this one. Try Dealroom → has partnered with ClipwayDealroom has a profile for this one. Try Dealroom → on the firm's debut secondaries fund. The tie-up pairs a major growth investor with a new entrant focused on the secondary market.

The signal: The move underlines rising investor appetite for secondaries, where LPs and GPs buy and sell existing fund stakes rather than backing new companies directly. Recent debut vehicles from firms targeting European VC funds, Japanese secondaries, and venture-backed directs point to a broadening market — and General Atlantic's backing signals that established players see room to grow in it.

Image credit: David C. Foster