Backed by Cube Ventures, the marketplace aims to unlock liquidity for venture investors in the region.
William Sarris's former second-in-command, Joseph Endoso, pleaded guilty in August to participating in the alleged scheme.
The strategy is reportedly targeting $1 billion, three years after General Atlantic took a minority stake in Clipway.
Former Mubadala Capital executive Lucas Radal joins MCP as Head of Middle East Secondary Investments in Abu Dhabi.
Founded in 2000, Saints Capital specializes in venture secondaries with a focus on GP-led transactions.
The alternative asset manager, which has begun the process of listing in India, is reportedly targeting $131 million for the strategy.
The vehicle targets follow-on investments in the firm's portfolio companies, later-stage co-investments, and secondaries.
Shinhan Innovation BDC No. 1 will invest at least 60% of its assets in "innovative companies" and LP-led secondary transactions.
The Utah-based company raised $2 million in a pre-seed round led by New Stack Ventures.
The Category II AIF targets pre-IPO and secondary market opportunities in India.
