SEC  Second Alpha

http://secondalpha.com





     Office Locations:

330 Madison Avenue, 9th Floor
New York, NY 10017
Phone: 212-446-1600

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Stages:

  • Expansion
  • Growth
  • Middle Market


 

Industries:

  • Communications & Networking
  • Electronics & Advanced Materials
  • Information Technology
  • Media & Digital Media
  • Software & Internet

  •  

    Description:

    Second Alpha makes secondary investments in private companies, purchasing shares from existing shareholders-- founders, executives, angels, VCs or corporate investors. In addition, the firm invests capital directly in private companies that meet its investment criteria, usually in tandem with making secondary purchases of shares from existing investors, but also in situations involving debt conversions, restructurings, recapitalizations or pay-to-play financings. Companies that fit Second Alpha's maturity criteria include: Mature venture-stage, growth equity and middle market firms; Companies with at least $5 to $10 million in LTM revenues; and Companies with a defined path to profitability and the ability to become cashflow positive within 18 months. Second Alpha is particularly interested in companies that have a large portion of their businesses based on highly-recurring revenue models (e.g., subscriptions, term licenses, highly-recurring transactional models, etc.). While officially sector-agnostic, Second Alpha primarily invests in companies with a TMT (Technology, Media and Telecommunications) orientation. Second Alpha targets companies headquartered in the United States and Canada. Occasionally, Second Alpha will consider investments in private companies headquartered in other countries. In 2012, the former limited partners of the Dolphin Equity funds sold a substantial portion of their interests to an investor syndicate that has turned to Second Alpha to manage these interests as general partner. Second Alpha differs from most dedicated secondary firms in that it considers deals of all dollar sizes and can offer custom liquidity solutions for the full range of stakeholders in private companies. Second Alpha is open to unconventional secondary-linked deal structures including recaps, debt conversions and pay-to-play financings, and the firm is extremely data-driven in its approaches to deal sourcing and due diligence.


     

    Funds:


      Fund Name


      Amount


      Date

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    Investment Firm Key

       VC = Venture Capital
       PE = Private Equity
       A = Angel
       I = Incubator
       MB = Merchant Bank
       VD = Venture Debt
       FI = Family Investment Office
       FOF = Fund of Funds
       ED = Economic Development Office   
       TT = Technology Transfer Office
       CVC = Corporate Venture Capital
       SEC = Secondary Purchaser
       HF = Hedge Fund/Mutual Fund
       
       
       
    COMPANY STAGEREVENUE
    Venture Capital
    Seed Stage
    (includes "pre-seed," or
    concept stage)
    No Revenue
    Early StageMinimal
    Revenue
    Growth Stage
    (also called Mid-stage)
    $2M-$7M
    Expansion Stage
    (also called Late-stage)
    $7M and greater
    Private Equity
    Lower Middle Market$10M-$249M
    Middle Market$250M-$499M
    Upper Middle Market$500M-$1B
    Large Cap>$1B
       
       
     

    Investment Team:


    Name   Title
    Get the complete investment team + individual email addresses for investment team partners. Get personal images, LinkedIn links, investment specialties, office locations and more with a National Database subscription or New York Database subscription.
    Adam Greene Sr. Advisor
    Eugene Galantini Chief Financial Officer
    Jim Sanger Managing Partner, Co-Founder
    Richard Brekka Managing Partner, Co-Founder

     

    Portfolio companies include:


      AVST
        web link


      SportVision
        web link


      TouchCommerce
        web link


     

    Recent News: