HighVista Strategies Completes Innovative Venture Capital Transaction in the Secondary Market

Deal Reinforces HighVista's Expanding Secondary Market Capabilities

BOSTON, Sept. 23, 2025 /PRNewswire/ -- HighVista Strategies LLC ("HighVista" or the "Firm"), an employee-owned specialty alternative asset manager, has closed a bespoke secondary transaction to provide liquidity for investors in mature venture capital funds. This deal, involving seven HighVista funds with over $425 million in net asset value, utilized various structures, including traditional sales and hybrid continuation vehicles, which helped to provide investors added flexibility to sell or retain their interests. The process, managed with Evercore, attracted over 40 potential bidders, reflecting HighVista's strategic approach in today's evolving market where companies are remaining private for longer.

Kirsten Morin, Co-Head of Venture Capital at HighVista, highlighted the Firm's focus on active portfolio management, stating, "We're proud to deliver an innovative liquidity solution that accelerates realized returns for our investors, showcasing our team's ability to navigate complex market dynamics. We appreciate the continued trust our investors place in us and remain laser focused on delivering value through every market cycle."

Building on a recent lower middle market buyout transaction that proactively accelerated liquidity for clients, this venture transaction extends HighVista's engagement in the secondary market, where the Firm has long utilized secondaries both to generate liquidity and to identify differentiated opportunities across strategies.

"The secondary market has become a central part of private markets, and HighVista is well-positioned to capitalize on it from both sides," said Raphael Schorr, Deputy Chief Investment Officer at HighVista Strategies. "It's a powerful tool for generating liquidity in a market where traditional exits have slowed, and it offers potential for attractive, risk-adjusted returns. Our integrated platform gives us a distinct analytical edge, enabling us to structure sophisticated solutions for our own funds and act as a strategic capital partner for transactions sourced through our network." 

About HighVista
HighVista Strategies LLC is an employee-owned alternative asset manager that brings investors alpha opportunities in structurally inefficient markets. Based in Boston and founded in 2004, HighVista manages $10.5 billion of capital on behalf of sophisticated investors globally. Our culture combines inquisitive thinking with rigorous discipline, enabling us to identify and execute on opportunities with high conviction. HighVista is a partner for investors looking beyond the standard playbook for differentiated ideas that can amplify returns. HighVista's investment strategies span private markets, including private credit, lower middle market private equity, and early-stage venture capital; public markets, including biotechnology equities and hedged public markets strategies; as well as multi-strategy alternatives.

Media Contact
Prosek Partners for HighVista
pro-highvista@prosek.com

Important Disclosure

The views and options expressed here reflect the judgments and opinions of HighVista Strategies LLC at the time of this publication, do not purport to be complete, and are subject to change. No obligation to update or otherwise revise such views and opinions is being assumed. This publication does not constitute, and should not be construed as, an offer of advisory services, securities or other financial instruments, a solicitation of an offer to buy any security or other financial instrument, or a recommendation to buy, hold or sell a security or other financial instruments in any jurisdiction.  Information provided herein is based upon data and analysis that is believed to be accurate as of the time of writing, but no representation or warranty is made herein. THIS PUBLICATION CONTAINS FORWARD-LOOKING STATEMENTS WITHIN THE MEANING OF THE U.S. FEDERAL SECURITIES LAWS.  FORWARD-LOOKING STATEMENTS ARE THOSE THAT PREDICT OR DESCRIBE FUTURE EVENTS OR TRENDS AND THAT DO NOT RELATE SOLELY TO HISTORICAL MATTERS.  FOR EXAMPLE, FORWARD-LOOKING STATEMENTS MAY PREDICT FUTURE ECONOMIC PERFORMANCE, DESCRIBE PLANS AND OBJECTIVES OF MANAGEMENT FOR FUTURE OPERATIONS, PERFORMANCE AND RISK AND MAKE PROJECTIONS OF REVENUE, INVESTMENT RETURNS, RISK CALCULATIONS OR OTHER FINANCIAL ITEMS.  FORWARD-LOOKING STATEMENTS CAN GENERALLY BE IDENTIFIED AS STATEMENTS CONTAINING THE WORDS "WILL," "BELIEVE," "EXPECT," "ANTICIPATE," "INTEND," "CONTEMPLATE," "ESTIMATE," "ASSUME," "TARGET" OR OTHER SIMILAR EXPRESSIONS.  SUCH FORWARD-LOOKING STATEMENTS ARE INHERENTLY UNCERTAIN, BECAUSE THE MATTERS THEY DESCRIBE ARE SUBJECT TO KNOWN (AND UNKNOWN) RISKS, UNCERTAINTIES AND OTHER UNPREDICTABLE FACTORS, MANY OF WHICH ARE BEYOND CONTROL.  NO REPRESENTATIONS OR WARRANTIES ARE MADE AS TO THE ACCURACY OF SUCH FORWARD-LOOKING STATEMENTS. 

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SOURCE HighVista Strategies LLC