Arnold Bloch Leibler has acted for Melbourne-based venture capital firm, Advance VC, in connection with the launch of its new venture capital fund, marking a significant milestone in the Australian investment landscape.
Advance VC is a ‘fund of funds’ with a dedicated focus on secondaries, specialising in acquiring interests in existing venture capital funds from limited partners (LPs) and general partners (GPs) seeking liquidity. As reported in the AFR, Advance VC founder Max Kausman said: “Advance VC’s model has been embraced by sellers looking to cash out, fund managers appreciating that liquidity is critical to a healthy market, and by investors who recognise now is an opportune time to deploy while others are stepping away”.
ABL partner Jason van Grieken advised Advance VC on all aspects of the fund’s establishment. He commented on the launch: “We’re proud to have supported Advance VC in launching a fund that brings a fresh and much-needed approach to venture capital investing in Australia. The secondaries model offers a compelling solution for investors seeking liquidity and diversification, and we look forward to seeing Advance VC play a leading role in shaping the future of the VC ecosystem”.
Arnold Bloch Leibler is renowned for advising clients - including local and international venture capital and private equity firms - on complex corporate transactions, fund formation, and strategic investments. Learn more about Arnold Bloch Leibler’s venture capital practice.
