Southeast Asia Β·
Golden Gate Ventures seeks $150M from a secondary sale of Southeast Asian startup stakes
The early-stage VC is running a GP-led secondary process across its Southeast Asia portfolio, part of a broader regional shift toward continuation vehicles as traditional exits stay slow.
A fund-level, GP-led secondary across seven portfolio companies at once β rather than a single-company sale β is a structure built for a market where individual exits are slow: it gives Golden Gate Ventures' limited partners liquidity without forcing any one startup into a premature sale process.
This is part of a broader regional shift: as traditional exits (IPOs, M&A) stay slow across Southeast Asia, expect more early-stage VCs to run bundled, fund-level secondaries like this one rather than waiting company-by-company.
Source: DealStreetAsia β