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Airtree Ventures already returned its first fund thanks to Canva while maintaining the majority of its stake
Airtree Ventures uses the secondary market to slim down its stakes while waiting for its portfolio companies to exit.
While some firms have used the increase in activity to build up their positions in their most promising portfolio companies, Airtree Ventures is taking advantage of the momentum a little differently. The Sydney-based venture firm, founded in 2014, has been using company-led secondary sales to slim down its equity stakes and get liquidity from some of its most promising bets. Blair said Airtree wouldn’t rule out raising a continuation fund — the venture industry’s current liquidity vehicle of choice — and said it may make sense if the firm wants to start selling a bundle of its shares at once.
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