Feb 20, 2026

by

Tomasz Tunguz

Secondaries Now Rival IPOs and M&A as a VC Exit Channel

Secondary volume hit $95B but liquidity stays confined to top 20

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Murph Capital Digital, LLC. 2026.

Murph capital is a new media and community for the next generation of emerging managers and allocators

PROUDLY builT IN USA

HANDCRAFTED by:

© All Rights Reserved.
Murph Capital Digital, LLC. 2026.

Murph capital is a new media and community for the next generation of emerging managers and allocators

PROUDLY builT IN USA

HANDCRAFTED by:

© All Rights Reserved.
Murph Capital Digital, LLC. 2026.