Venture group G Squared has successfully raised $1.1 billion for a new fund focused on purchasing secondary shares of startups at discounted rates. This Chicago-based firm has notably acquired approximately $135 million in shares of Anthropic from FTX during its bankruptcy proceedings. Founder and managing partner Larry Aschebrook highlighted that current market conditions allow investors to buy shares in the secondary market at a 30% discount over the company's value and about 70% to 80% discount over its peak. The secondary market for private equity holdings is experiencing a significant rise, with a 58% increase as sellers begin to offload assets. Smaller investors are also entering this market, contributing to more stable pricing. PJT forecasts that secondary deals may reach a record $145 billion in 2024, indicating a potential boom in the sector.