Bay Area secondaries fund surfaces

- A new secondaries fund targeting Bay Area individuals with $10M+ illiquid startup equity was announced, aiming at 10–15K potential participants. - The fund’s structure provides liquidity channels similar to crypto secondary markets amid a slow IPO and M&A environment. - For executives and directors with concentrated startup equity, this widens potential liquidity options ahead of traditional exits. (x.com/uPeterKris)