Built for a market that was only beginning.
Twelve years investing in private technology companies, and building the routes to liquidity around them.
When MVP was founded in 2014, the private secondary market was fragmented. Investors wanted access to high-quality private technology companies. Employees and early backers held valuable equity but had few credible ways to sell it. Companies wanted to control who appeared on their cap table but lacked the infrastructure to manage it.
MVP helped bring those needs together. We became a named, regulated counterparty, worked with companies rather than around them, and built the processes institutional investors expect. What began as a specialist market has become a central part of venture capital.
Our role has grown with the market. Today MVP manages capital, advises companies on liquidity programs, executes secondary market transactions and publishes private company research.
Twelve years of investingthrough more than one route to liquidity.
MVP manages $3.7 billion across five diversified funds and more than seventy co-investment vehicles. We invest in primary rounds, then build positions through venture capital secondaries and private equity secondaries. Since inception, we have invested in over eighty technology companies. More than thirty positions have reached a liquidity event and more than twenty have fully exited.
Our first three funds are fully realized and returned between 1.8x and 2.2x net DPI over an average duration of 4.8 years. That record reflects the central idea behind our strategy: a private company does not need to complete an IPO before investors can receive liquidity. We can also sell through the same secondary market in which we invest.
Land and Expand.
Enter through the primary round. Earn the relationship. Build the position through secondaries.
MVP joined the Series D alongside strategic and financial investors. As the company grew, we stayed close to management and to the shareholder base. When an early holder sought liquidity, we acquired those shares through a company-supported secondary transaction.
How we work.
Company aligned
We work within company guidelines. That protects the cap table, gives shareholders a clearer process and helps transactions reach completion.
Independent judgment
We do our own work and are prepared to form a view before it becomes consensus. The aim is not to be loud. It is to be early for the right reasons.
Relationships held by people
Our team has worked through more than one market cycle, and senior partners remain close to the work. Clients deal with people who know the history of the relationship, not a generic account.
The people behind MVP.
MVP was founded by Eric Brachfeld, Jared Carmel and Bradley Fishman. Between them, they have participated in hundreds of private venture transactions and helped shape the institutional secondary market from its early years. They remain directly involved in every fund, every advisory engagement and every significant relationship.
The year, in our own words.
Each year, MVP’s partners look back at the positions, exits and market shifts that mattered. The series records what we saw, what changed and how our thinking developed, with five editions published since 2021.
From Contrarian to Consensus.
The year several positions we had built over time moved into wider market focus.
READ THE YEAR IN REVIEW→
Frequently asked questions
What does Manhattan Venture Partners do?
Manhattan Venture Partners (MVP) is a principal investor and advisor focused on private, venture-backed technology companies. We invest through both primary rounds and secondary transactions, and the secondary market has been our specialty since our founding in 2014. MVP works across four connected businesses:
- Principal: the MVP All-Star Funds and single-company co-investment opportunities, managed through MVP's SEC-registered investment adviser.
- Advisory: Secondary-as-a-Service™, which helps private companies design and run liquidity programs.
- Institutional Trading Desk: institutional-scale secondary transactions, executed through our wholly owned broker-dealer, VNTR Securities, LLC.
- Research: Manhattan Venture Research (MVR), our private markets research group.
What does "Secondary is Primary" mean?
It describes how venture has changed. Companies are staying private longer, and secondary transactions have become one of the main ways employees, early investors and funds get liquidity, and one of the main ways investors gain access to leading private companies. For MVP, the secondary market is not a side activity. It is where we built the firm, and it shapes how we invest, how we advise companies and how we price opportunities.
How long has MVP been operating, and how big is the firm?
MVP was founded in 2014 and has more than 12 years of experience investing in and advising on private company secondaries. As of June 30, 2026, MVP managed approximately $3.7 billion in assets, works with a network of more than 1,100 investors worldwide, and has invested in more than 80 portfolio companies. Our team of nearly 40 professionals spans investing, operations and research.
Where is MVP based, and where does it operate?
MVP is headquartered in New York City at 875 Sixth Avenue, 20th Floor. We work with investors, companies and shareholders around the world, with dedicated partners leading our work in Europe and Latin America.
Who are the core team behind MVP?
MVP is led by Managing Partners and General Partners Eric Brachfeld, Jared Carmel and Bradley Fishman, together with Chief Operating Officer Adam Ingram. Karl Bornefalk (Partner, Head of Europe) and Alejandro Creixell (Partner, Head of LatAm) lead our international work. The broader team includes investment, operations, compliance and research professionals. Meet the team.
Evaluating MVP?
If you need materials that go beyond what we can publish, tell us what you are assessing and we will connect you with the right person. If you are still getting to know the firm, start with Manhattan Venture Research. It is the clearest way to see how we think.