E647 | Kristaps Ronis, ION Pacific: The Rise of Structured Secondaries in Venture
Why It Matters
Ronis also shares practical advice on timing, preparation, and governance to avoid common seller mistakes and to tap the sweet‑spot between small‑cap PE secondaries and mega‑funds.
Summary
In this EUVC Podcast episode, Kristaps Ronis of ION Pacific explains how structured secondaries are reshaping venture liquidity by offering DPI‑focused deals that provide cash without forcing founders or GPs to sell shares or signal weakness. He highlights the market’s growing demand for such instruments—especially post‑Series B—driven by LP distribution pressure, pricing gaps, and the rise of continuation vehicles in Europe. Ronis also shares practical advice on timing, preparation, and governance to avoid common seller mistakes and to tap the sweet‑spot between small‑cap PE secondaries and mega‑funds.
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