Secondary
Venture capitalSouth Lake Tahoe
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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
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.