Washington, DC – June 13, 2018 – Private equity firm Botticello has announced that it is creating a new fund, to meet investor demand for access to investment in private company shares sourced from secondary markets.
The announcement of this new fund comes shortly after several high profile exits in 2018. Several of the companies Botticello had previously invested in have concluded their initial public offerings (IPOs). These companies include Dropbox (DBX NASDAQ) and DocuSign (DOCU NASDAQ).
In a recent interview, Casey Botticello, CEO of Botticello, stated, “The demand from investors for secondary shares in these privately held companies is tremendous. Startup founders and early investors in technology companies are, in some cases, having to wait years for an equity event, due to the illiquid nature of privately held shares. We are fortunate to have partnered with a number of groups which have provided increased access to many late-stage secondary investment opportunities that are typically closed off to investors outside of institutional VCs.” Sources close to the company have suggested that this new private equity fund will be open to accredited investors by the end of 2018.
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Botticello is a privately owned investment company, manged by Casey Botticello. The company owns and operates a diversified collection of business interests, including: Private Equity Investments, Real Estate Development, Cryptocurrencies and Blockchain Technology, and several E-Commerce Businesses. For more information, please go to www.botticello.com.