StepStone Group, a secondaries investor across private markets, has recapitalised early-stage venture capital investor Vertex Ventures Israel’s (Vertex Israel) Vertex Israel Fund IV (Fund IV).
StepStone was the sole investor in the GP-led strip sale transaction, valued at approximately USD160 million, inclusive of future commitments.
The transaction provides partial liquidity to existing Fund IV limited partners while allowing both Vertex and its fund investors to realise further upside as the portfolio’s assets mature.
