Alpha Uncovered
Why Venture Secondaries Need Speed, Certainty, Personal Conviction | Alpha Uncovered x Jonathan Ting, NeuCo Academy
09 Jun 2025
🎙 Guest: Jonathan Ting, Managing Partner, NeuCo Academy🎙 Host: Alvin Fan, CEO, OPIMBuilding a secondaries fund isn’t just a strategy. It’s a commitment.In Part 2, Alvin Fan and Jonathan Ting go beyond the market mechanics and get personal: what it’s like launching a fund, building conviction, and navigating a landscape where speed and certainty often outweigh price.🔍 Inside the conversation:• Why smaller LP deals are underpriced and overlooked• How “being real” often beats being the highest bidder• What makes secondaries uniquely scalable• And the personal toll (and thrill) of launching something from scratchFor anyone who’s ever asked what it really takes to build an edge in private markets—this one goes behind the curtain.Not a pitch. Not a panel. Just the real story behind Neuco.📌 Chapters00:00 – Why Jonathan left big firms to start Neuco01:23 – Chasing edge, not just AUM or scale02:49 – How secondaries deals are actually scalable03:32 – What really matters in diligence (hint: not ARR)05:08 – Why GPs and LPs work with lean shops like Neuco06:26 – Reputation → price: getting chosen without being highest bidder08:02 – The family toll and emotional reality of fund launches09:35 – What Jonathan would tell his younger self10:23 – Realizing secondaries was his calling📅 Recorded on 27 May, 2025FOR INFORMATIONAL PURPOSES ONLYThis video shall not be published, circulated, reproduced distributed, or commercially exploited in any manner otherwise, in whole or in part, without the prior written consent of OPIM. Any trademarks, logos, and related intellectual property rights in this video are either owned by OPIM or other third parties. This video or any of its contents have not been reviewed by the SFC or any other regulatory body. All information is provided solely for informational purposes only and is neither to be taken as advice or recommendation for any specific investment product, strategy, plan, feature or other purpose in any jurisdiction nor intended as an offer or solicitation of an offer for purchase or sale of units of any funds, shares of securities or any financial instruments. This video or any of its contents do not constitute an endorsement, offer, or solicitation of an offer for the purchase or sale of any financial instruments or services by OPIM. All information including facts, opinions, projections, and estimates based on the judgement of the author is provided “as is” and may be subject to change without notice. OPIM has no obligation to ensure such updates are brought to your attention. The information in this video has been prepared from sources OPIM believes to be reliable and without consideration of the objectives, financial situations, or needs of any particular viewer. OPIM does not warrant the completeness, accuracy, or reliability of any material or information and does not assume responsibility for any error of facts or opinions or for damages arising out of any person’s reliance upon such material or information. You should make an independent assessment of any legal, regulatory, tax, credit, and accounting implications and consult with a professional advisor(s) as you consider necessary regarding any information provided in this video. Investment involves risks. Past performance, yields, and any predictions, projections, or forecasts on the economy, securities markets, or the economic trends of the markets are not reliable indicators of current or future results. Any figures, opinions or investment techniques and strategies referred to herein may be based on certain assumptions, evaluations, and current market conditions and are subject to change.
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