IL Pacific of the Ion Pacific Group is a debut structured secondaries fund. The fund is focusing on acquiring secondary positions in technology, venture and growth capital funds, as well as direct stakes in portfolio companies.
The fund, Stonecutter I, follows investments in Israel totaling $45 million made by IL Pacifics overseas parent, Ion Pacific.
Stonecutter I aims to make available creative liquidity solutions to funds, GPs, investors and entrepreneurs across Israel and Asia, and leverages Ion Pacifics expertise in driving technology-focused deals that bridge Asia, Israel, and the US. The remainder of the fund is earmarked for additional investments in Israel and Asia with a focus on venture capital funds, but also secondary deals in specific technology companies.
Ion Pacific Group is a Hong-Kong-based merchant bank founded in 2015 by Itamar Har-Even and Michael Joseph. It invests in the innovation economy to help manage the challenges of an increasingly complex global business environment. It provides creative and flexible capital to talented entrepreneurs, dynamic companies and like-minded members of the investments community.