Australia's Blackbird completes Fund I strip sale
Australia’s Blackbird Ventures has completed a GP-led secondary transaction whereby StepStone Global and HESTA have acquired interests from its debut fund for approximately A$100 million ($69 million).
A minority position in each portfolio company has been spun out into a new entity, backed by the two incoming investors and managed by Blackbird. It is the second transaction of this type involving Asia-based...
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