G Squared Beats Billion Mark for Sixth Flagship Fund

G Squared, a Chicago-based venture capital firm specializing in growth-stage technology companies, has closed its sixth flagship fund, G Squared VI LP, with $1.1 billion in committed capital.

The limited partners in G Squared VI include institutional investors, family offices, and high-net-worth individuals. With the close of Fund VI, G Squared now has more than $4 billion in capital under management.

G Squared’s investment strategy focuses on providing investors with access to liquidity, including buying shares directly from other investors, making new investments, creating customized investment options, and participating in company-organized share buybacks.

According to VCI sources, in the first half of 2024 alone, secondary transactions surpassed $70 billion, driven by companies staying private longer and the need for stakeholders to realize value from their investments. In addition, market analysts project that secondary transaction volumes could exceed $150 billion by 2026. This growth is fueled by maturing investments where early investors and employees of venture capital-backed companies seek liquidity without forcing companies into premature exits.

“We are thrilled to have closed this substantial fund, which reflects the trust and confidence our limited partners have in our team and our strategic vision,” said Larry Aschebrook, the founder and managing partner of G Squared. “This sentiment highlights the firm’s established reputation for identifying high-growth companies and providing them with the necessary capital to thrive, while also offering liquidity relief to early stakeholders.”

G Squared’s investments are concentrated in growth-stage technology companies in four primary sectors: software as a service (SaaS), fintech and insurtech, mobility, and consumer internet. The firm’s portfolio includes more than 130 companies, among them Anthropic, a leader in artificial intelligence research, and Wiz, a cloud security company.

G Squared was founded in 2011 and has offices in Chicago, San Francisco, New York, and Zurich.