DFJ Esprit Secondaries (“DFJES”) is a firm affiliated with DFJ Esprit which is dedicated to providing liquidity to investors in the European venture and growth capital asset classes.
We provide liquidity to banks, corporates, general partners, hedge funds, venture capital firms, founders and other individuals invested in illiquid equity investments by acquiring such investments through “direct secondary” transactions.
DFJES offers a flexible approach to address the particular needs of each investor, ranging from single investment acquisitions through to entire portfolio acquisitions. In particular, we are willing to consider structured solutions to meet investor concerns beyond liquidity.
DFJES has been active in this market since 2004 and, together with the DFJ Esprit team, has made numerous portfolio and individual asset acquisitions with total capital commitments aggregating to £475m, and is the largest European player in the technology “direct secondary” market in terms of transaction volume.
DFJES works closely with the primary investment team of DFJ Esprit in assessing company business models and valuations to maximise the knowledge and expertise available in each situation. DFJES has a similar focus to that of DFJ Esprit, namely the high growth segments of software, digital media, telecom, medical technology, cleantech and business services sectors. The two teams may co-invest in single investment opportunities which meet their respective investment focus.
DFJ Esprit Secondaries LLP is authorised and regulated by the Financial Services Authority.