Key Capital's debut fund, which targets positions in tech companies through off-cap-table transactions, has already completed two transactions to date.
Stableton will contribute its secondary market expertise, while Mnaara provides a Shariah-compliant investment methodology to target the 15 largest private tech unicorns in developed markets.
The employee and early investor auction valued the workplace trust company at over £100 million and marked the third transaction conducted under the PISCES framework.
Existing investors in the German robotics startup, including Sequoia and Lightspeed, participated alongside new backers.
The $300 million secondary share sale was led by Wellington and T. Rowe Price and brought in new investors, including EQT, Goldman Sachs, and Sapphire Ventures.
Pinnacle first backed the Saudi hospitality startup's $72 million Series B in 2025, when Gathern was valued at more than $267 million.
The Geneva-based firm targets late-stage single-asset secondary investments across technology and digital ventures.
TrueBridge Secondaries II will invest in venture funds and direct secondary transactions involving venture-backed companies.
Pinnacle Growth & Secondary Fund combined primary capital and secondary share purchases in the automotive platform.
Avendus Future Leaders Fund III, which is already 30% deployed, has invested ~$15 million in Parag Parikh Financial Advisory Services via secondary.
