Clipway
Clipway is a London- and New York-based private equity secondaries firm founded in 2023 that invests in LP-led secondary portfolios using its proprietary TESS data and machine-learning platform to serve institutional investors across North America and Western Europe.
- Company typePrivate
- Founded2023
- HeadquartersLondon, United Kingdom
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Clipway does
Clipway is a global private equity secondaries firm that invests in LP-led secondary opportunities, principally in North America and Western Europe. Founded in October 2023 by a team of veterans from Ardian, Coller Capital and the New York City Retirement Systems, the firm is headquartered in London with an office in New York and approximately 24 employees across investment, technology and support functions. At launch, Clipway secured strategic minority investments from General Atlantic and Carmignac and is currently raising its first $4 billion fund.
The firm's core differentiator is TESS (Tech-Enabled Secondaries System), a proprietary, fully integrated investment and monitoring platform that applies machine learning, data science and analytics to automate the portfolio data extraction and pricing processes that the secondaries industry has historically executed manually. As of June 2026, TESS covers over 3,025 private equity funds and 32,860 underlying portfolio companies, and has analyzed more than $15 billion of deal flow in a recent six-month window. The platform produces proprietary outputs such as the VEqG (Valuation to Equity Growth) metric to contextualize GP valuation practices.
Clipway generates revenue through standard private equity fund economics, including management fees and performance/carried interest on its secondary fund. The firm distributes fund interests exclusively to qualified institutional investors (sovereign wealth funds, pension funds, endowments, family offices) via private placement. The fund provides SFDR Article 8 sustainability disclosures, and the firm supplements fundraising with proprietary market insights content marketing and direct institutional outreach led by partners with multi-decade relationship networks.
Clipway firmographics
Firmographics- Name
- Clipway
- Legal name
- Clipway Limited
- Website
- https://clipway.com
- Company type
- Private
- Founded year
- 2023
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Clipway is a London- and New York-based private equity secondaries firm founded in 2023 that invests in LP-led secondary portfolios using its proprietary TESS data and machine-learning platform to serve institutional investors across North America and Western Europe.
- Ownership category
- akta.pro rank
Clipway industry classification
Industry- Product category
- Private Equity Secondaries
- NAICS
- Portfolio Management and Investment Advice (52394), Other Investment Pools and Funds (5259), Other Financial Vehicles (52599)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- LP Secondaries — Growth Equity Funds (FSAHALAC)
- akta.pro secondary industries
- Secondaries-Focused Fund of Funds (LP / GP-led / Continuation Vehicles) (FSAHAKAH), Emerging Manager / Small Fund Secondaries (FSANAFAL), Secondaries Co-Investments & Annex Funds (FSANAFAF)
Keywords
Where Clipway is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices2 records
Markets served
Clipway business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Fund Management: Clipway operates as a private equity secondaries firm, raising and managing funds (such as Clipway Secondary Fund) that invest in LP-led secondary opportunities. Revenue is generated through management fees and performance/carried interest fees typical of private equity fund structures.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
Clipway product offering
Product offeringCore offering
Clipway is a global secondaries private equity firm that acquires diversified LP-led secondary portfolios of buyout and growth equity funds, principally in North America and Western Europe. Its investment process is supported by TESS, a proprietary tech-enabled system that automates portfolio data extraction, applies machine learning, and continuously improves pricing and monitoring of secondary portfolios for institutional investors. The firm is raising its first $4 billion fund and sells fund interests through private placement to qualified institutional investors.
Product overview
Clipway is a global secondaries private equity firm that operates as a technology-enabled investment platform. The core offering is the proprietary TESS (Tech-Enabled Secondaries System) combined with expert investment management services. TESS serves as the foundational technology platform that brings precision and efficiency to investing in LP-led secondary opportunities, while the broader Clipway platform provides access to diversified secondary portfolios of quality buyout and growth managers.
Differentiator
Problem solved
Functional benefit
Products and services
- TESS (Tech-Enabled Secondaries System) A next-generation, fully integrated proprietary investment and monitoring tool that leverages data analytics and machine learning to optimize pricing and monitoring of LP-led secondary portfolios. TESS automates portfolio data extraction and analysis, processes that the secondaries industry has historically completed manually, enabling the investment team to evaluate diversified portfolios of hundreds of underlying assets. Used internally by Clipway's investment team to support secondary fund deal pricing and portfolio monitoring for institutional LPs.
- Clipway Secondary Fund A global LP-led private equity secondaries fund that acquires diversified portfolios of buyout and growth equity fund interests, principally in North America and Western Europe. The fund is supported by TESS for pricing and monitoring and is offered to qualified institutional investors (pension funds, sovereign wealth funds, endowments, and family offices) through private placement, generating revenue through traditional management fees and carried interest.
Quantifiable outcome
- TESS has analyzed over $15 billion of deal flow covering approximately 200 unique funds and over 2,000 portfolio companies within a 6-month period.
- +1 more outcomes
Companies that use Clipway
Customer profileSegments1 record
Ideal customer profiles1 record
Clipway technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability3 records
Feature3 records
Clipway partnerships and signals
Strategic signalScale indicators6 records
Recent moves8 records
Expansion highlights5 records
Clipway competitors and assessment
Company assessmentDirect peers
- Ardian: Global private investment house and one of the largest secondaries platforms globally. Direct peer given Clipway's founders (Gombault, Vallano, Verbrugghe, Weston, Hillgarth-Williams) all previously led or worked in Ardian's Fund of Funds/Secondaries business.
- Coller Capital: One of the largest dedicated LP-led secondaries managers globally. Multiple Clipway team members (Enriquez, Vander Elst, Flowerday, Silver) previously worked at Coller Capital, and the firms compete for the same LP-led secondary mandates.
- Lexington Partners: Major secondary private equity and alternative investment firm with broad secondaries, co-investment, and primary fund capabilities. Direct competitor for large LP-led secondary portfolios in North America and Western Europe.
- HarbourVest Partners: Large global private markets investment manager offering primary fund, secondary, and direct co-investment programs. Direct competitor in LP-led secondaries across buyout and growth strategies.
- Glendower Capital: Dedicated secondary private equity fund manager focused on LP-led and GP-led secondaries globally. Direct competitor for diversified LP portfolios.
- LGT Capital Partners: Global alternative investment manager with significant primary, secondary, and co-investment programs. Directly comparable secondaries business targeting institutional LPs.
Broad incumbents
- Blackstone Strategic Partners: Multi-strategy secondaries and co-investment platform within Blackstone. Broader incumbent offering significant scale, balance sheet, and cross-portfolio sourcing that Clipway must compete against.
- AlpInvest Partners: Carlyle-owned large private equity fund-of-funds and co-investment/secondary investor. Competitor at the upper end of the secondaries market with established LP relationships.
- Adams Street Partners: Global private markets investment manager with primary fund, secondary, co-investment, and direct investing capabilities. Established LP-led secondary competitor.
Emerging players
- Industry Ventures: Tech-focused private equity fund-of-funds and secondaries manager. While narrower in focus (VC/tech), it represents a comparable tech-enabled approach to secondary investing.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Clipway social profiles
Digital presenceClipway compliance and trust
Trust signalCompliance1 record
Clipway financial estimates
Financial estimateRevenue estimate
Valuation estimate
Clipway leadership team
Management profileNumber of profiles
Profiles12 records
Clipway funding detail
Funding detailFunding overview
Funding rounds1 record
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Clipway M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Clipway
What does Clipway do?
Clipway is a global secondaries private equity firm that acquires diversified LP-led secondary portfolios of buyout and growth equity funds, principally in North America and Western Europe. Its investment process is supported by TESS, a proprietary tech-enabled system that automates portfolio data extraction, applies machine learning, and continuously improves pricing and monitoring of secondary portfolios for institutional investors. The firm is raising its first $4 billion fund and sells fund interests through private placement to qualified institutional investors.
Is Clipway a public or private company?
Clipway is a private company. It is classified as venture growth investor backed and is currently operating.
When was Clipway founded?
Clipway was founded in 2023. It employs 11 to 50 people.
Where is Clipway based?
Clipway is headquartered in London, United Kingdom, in the Europe region.
How does Clipway make money?
One revenue line is on record: fund Management.
Who are Clipway's main competitors?
Direct peers on record are Ardian, Coller Capital, Lexington Partners, HarbourVest Partners, Glendower Capital and LGT Capital Partners. Broad incumbents are Blackstone Strategic Partners, AlpInvest Partners and Adams Street Partners. Industry Ventures is listed as an emerging player.
Does Clipway have an API?
No public API is recorded for Clipway.
What industry is Clipway in?
Clipway's product category is Private Equity Secondaries. Its primary akta.pro industry code is FSAHALAC, LP Secondaries — Growth Equity Funds, with a secondary code of FSAHAKAH, Secondaries-Focused Fund of Funds (LP / GP-led / Continuation Vehicles). Its NAICS code is 52394 and its SIC code is 6282.