Fundraising FoxSecondary
Venture capitalSouth Lake Tahoe · 7 people tracked
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Secondary is a venture fund manager based in South Lake Tahoe. SEC filings show 1 venture fund on record, most recently Scale.AI Secondary, LP ($680K offering) filed March 2023.
Source: SEC EDGAR Form D filings. Firm website data not yet available.
HQ
South Lake Tahoe, US
Founded
2023
Team · 7 people
from public directoriesXinjuan Bi· General Partner
Adam Paul Rutherford· Executive Officer
Alistair C.F. Smith· Director
Gianluca Muzzi· Director
Mark Bolton· Director
Nicholas K.J. Calvert· Director
Stephen J.T. Shaw· Director
Fund performance · per public LP disclosures · 5
as of Jun 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| Secondary Overflow Fund VLPs: Connecticut Retirement Plans and Trust Funds, Teachers' Retirement System of the City of New York, New York City Employees' Retirement System +2 more | 2024 | — | — | 1.22x | 1.22x |
| Secondary Overflow Fund IV L.P.LPs: Connecticut Retirement Plans and Trust Funds | 2019 | — | 16.1% | 1.40x | 0.20x |
| Secondary Investment SPV-4, L.P.LPs: Santa Barbara County Employees' Retirement System | 2013 | — | 10.7% | 1.44x | 1.43x |
| Secondary Investment SPV-1 L.P.LPs: Santa Barbara County Employees' Retirement System | 2012 | — | 30.7% | — | 1.72x |
| Secondary Investment SPV-2 L.P.LPs: Santa Barbara County Employees' Retirement System | 2012 | — | 29.4% | — | 1.85x |
Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).
Frequently asked questions
- Where is Secondary located?
- Secondary is headquartered in South Lake Tahoe, US.