Clipway was founded to apply next-generation technology to the secondaries industry - a highly data-intensive asset class, which requires investors to extract, store, and synthesise millions of data points per quarter. Clipway's proprietary Tech-Enabled Secondaries System (TESS) brings an unprecedented level of precision and efficiency to investing in LP portfolios, using a variety of continuously improving machine learning models and data analytics. TESS automates portfolio data extraction and analysis – processes that the secondaries industry has historically completed manually – enabling the investment team to optimise pricing and monitoring of LP portfolios that are comprised of hundreds of underlying assets.

"The secondaries industry has historically been slow to innovate. Clipway was purpose-built to leverage technology, which enables us to apply the full potential of data analytics and machine learning techniques to secondaries investing, without needing to overhaul complex legacy systems," commented Vincent Gombault, a Managing Partner and founding member of Clipway.

Sabrina Vallano, GC and founding team member of Clipway who led on establishing the company said "It's a rare opportunity to be part of a young firm that is going to have immediate industry impact. We've put a structure in place with an eye to that strong future growth".

Clipway has secured strategic, minority investments from leading global investor General Atlantic and leading European independent asset manager Carmignac.

Ingmar Vallano, a Managing Partner and founding member of Clipway, added:

"Clipway has been founded with the clear intention of transforming secondaries investing. As part of that, we want to be able to partner with some of the leading firms in the industry and believe that both General Atlantic and Carmignac, two established investors with strong entrepreneurial spirit, complement our existing expertise very well. We are excited to begin the Clipway journey alongside them."

Clients engaged in transactions such as this require holistic advice and a multi-disciplinary team. At Travers Smith, this project was a collaboration between partners Victoria Bramall, Emily Clark, Jeremy Elmore, Madeline Gowlett, Siân Keall, Danny Riding and Aaron Stocks. The team also included Private Equity and Financial Sponsors Senior Counsel Asma Rashid and Associate Vanessa Kitching. Specialist Tax advice was provided by Senior Associates Sophie Lloyd and Sivanti Devakumar and Associate Holly Danman. Financial Services & Markets advice was provided by Associates Suliat Ogunyinka and Laura Hagedorn. Employment advice was provided by Senior Associate Matthew Davis.

Emily Clark, Head of Asset Management, said "It was an honour to advise Vincent, Ingmar and the rest of the Clipway team on the first step of their new venture."

Clipway was also advised by Benoit Champon and Julia Szafranska of Arendt & Medernach.