NEA Raises Over $468 Million for Secondaries Market Opportunity Fund, Following Last Month's Closure

New Enterprise Associates (NEA), a prominent Silicon Valley venture capital firm, has reentered the secondaries market by raising over $468 million for its NEA Secondary Opportunity Fund. This move highlights NEA's renewed focus on secondary investments, which allow investors to buy stakes in existing funds rather than committing to new ones. The firm had previously closed a secondaries fund last month, signaling a strategic pivot in its investment approach. The announcement comes amid a growing interest in secondary markets within the venture capital landscape.