SECOND ALPHA PARTNERS
SECOND ALPHA PARTNERS is a Pre-seed, Seed, Series A, Series B, Series C+, buyout, secondary, debt and other fund in the US and Canada investing in AI, Fintech, Security, tmt, technology, media, telecommunications, e-commerce, advertising, identity-verification, travel-tech, cloud-infrastructure and social-media.
- Stages
- Pre-seed, Seed, Series A, Series B, Series C+, buyout, secondary, debt, other
- Sectors
- AI, Fintech, Security, tmt, technology, media, telecommunications, e-commerce, advertising, identity-verification, travel-tech, cloud-infrastructure, social-media
- Invests in
- US-wide, Canada
- Actively investing
- Yes
- Founded
- 2012
- Assets under management
- $438.4M
Check size not disclosed
Thesis
Second Alpha Partners is a New York-based private equity firm founded in 2012, specializing in secondary and secondary-linked direct investments in mature, growth-stage technology companies. Their core mission is to provide liquidity solutions for founders, executives, angel investors, VCs, and corporate investors. The firm's strategy involves acquiring shares and convertible securities on a secondary basis from existing shareholders, focusing on private companies with proven business models, solid product offerings, and strong growth prospects, typically with at least $20 million in revenue and a clear path to profitability. They primarily invest in the Technology, Media, and Telecommunications (TMT) sectors, with a geographic focus on the United States and Canada. Their approach is data-driven, utilizing AI tools for sourcing and due diligence. While their core strategy emphasizes mature, growth-stage companies, they may also engage in situations involving debt conversions, restructurings, recapitalizations, and pay-to-play financings, and some sources indicate a broader scope including pre-seed to Series B rounds. As of December 31, 2025, they managed approximately $438.4 million in AUM. Their fifth fund, closed in February 2023, raised $170 million.
Common questions
Does SECOND ALPHA PARTNERS invest at the Pre-seed stage?
Yes. SECOND ALPHA PARTNERS lists Pre-seed, Seed, Series A, Series B, Series C+, buyout, secondary, debt and other among the stages it invests in.
Where does SECOND ALPHA PARTNERS invest?
SECOND ALPHA PARTNERS invests in the US and Canada.