April 09, 2019

Trending 2019: Unicorn IPOs, Micro Mobility... GP-led secondary transactions?

If we were tracking trending topics in the venture ecosystem in 2019, the recurrent themes would be dominated by unicorn IPOs and the viability of micro mobility. But at Greenspring, an internal trending theme has a much more esoteric focus: the recent wave of General Partner (“GP”) led restructurings. Considering this concept is not a part of mainstream venture capital vernacular, there are some obvious questions: what exactly is a GP-led transaction, why are managers recommending them to...