Secondaries, direct to the cap table.
Executed globally through YXS Capital, we only do direct secondaries, buying equity directly from existing shareholders, founders, employees, and early investors looking for liquidity, never through fund-of-funds structures.
Four disciplines that keep every secondary direct, priced right, and closed on our terms.
Deal flow through the same founder and investor relationships built across our venture network since 2015, not brokered auctions.
Direct access to company financials and cap tables, the same underwriting rigor we apply to primary investments.
We transact at valuations we can underwrite independently, not at whatever the last round happened to set.
Direct negotiation with sellers and companies, closed globally through YXS Capital.
What we buy, and why we buy it directly.
Direct equity positions in growth-stage and pre-IPO private companies, purchased straight from existing shareholders: founders, employees, or early investors seeking liquidity.
No fund-of-funds layer, no double fees, and a direct relationship with both the company and the seller.
We're flexible by design, sizing each position to the opportunity rather than forcing deals into a fixed range.
Primarily through relationships built across YXS Capital's venture network since 2015, not brokered auctions or blind processes.
By introduction or direct inquiry, bring us a deal or reach out to discuss access.
