hill

Venture

“Opportunities Abound: Cendana and Kline Hill Secure $105M to Acquire Stakes in Seed VC Funds from LPs Seeking to Sell”

Cendana, Kline Hill have a fresh $105M to buy stakes in seed VC funds from LPs looking to sellIf you ask investors to name the biggest challenge for venture capital today, you’ll likely get a near-unanimous answer: lack of liquidity. Cash-hungry venture investors, whether VCs themselves or their limited partners are increasingly looking to sell their illiquid positions to secondary buyers. “We simply passed the hat around to our existing LPS at Kline Hill and Cendana,” said Kim. It then passes these opportunities to Kline Hill, which values, underwrites and negotiates the transaction price. Traditional secondary investors, such as Lexington Partners and Blackstone, recently raised their largest secondary funds ever.

Zara Khan
April 11, 2024

Uncategorized

“Maximizing Product Design Efficiency with Luminary Cloud’s GPU Simulator”

Simulations are an essential step in physical product engineering. “Luminary’s real-time engineering approach empowers engineering teams to perform product simulation and analysis cycles in minutes, rather than weeks,” Lango said. [This] results in improved time to market, faster insights, better design outcomes, increased team productivity and better use of valuable physical prototyping dollars.”AI-leaningLuminary isn’t exactly first-to-market with a cloud-based engineering simulation tool. Lango met Alonso during summer 2019 through Sutter Hill Ventures, the private equity firm, where Lango was an entrepreneur in residence. Sutter Hill sees a lucrative future in Luminary, evidently, as the startup’s customer base eclipses 33 organizations across the automotive, aerospace and defense and industrial equipment sectors.