What can corporations do when venture priorities change?
Here's how the alternatives compare.
We've done this before — for over a decade.
TechNexus has managed complex, multi-stakeholder venture portfolios across 12 corporate partnerships. 250+ investments. $300M AUM. This is not our first cycle.
Your portfolio joins a living ecosystem.
SecondWave doesn't manage your portfolio in isolation. Your companies gain access to TechNexus's full network — 1,500+ co-investors, 12 corporate partners, and hundreds of fellow portfolio companies. That network is the difference between a portfolio that's maintained and one that grows.
AI-powered portfolio intelligence.
Continuous, AI-driven monitoring of every position — tracking performance signals, flagging risks, and identifying opportunities that human-only processes miss. Institutional-grade insights at a fraction of the cost of building it internally.
Financially approved structures.
TechNexus' operating infrastructure has been reviewed and approved by leading accounting firms. Your audit committee and finance team can rely on the rigor of our reporting and compliance processes.
You keep ownership. We deliver results.
SecondWave is not a secondary buyer. We do not acquire your portfolio at a discount. We manage it on your behalf — so you retain full ownership and capture the upside.
Professional portfolio management.
SecondWave is a portfolio management platform designed specifically for corporations with existing portfolios that have outgrown - or outlasted - their internal CVC infrastructure.
AI-Powered Portfolio Intelligence
Continuous, AI-driven monitoring of every position — tracking performance signals, flagging risks, and identifying opportunities across the portfolio in real time.
Multi-Factor Portfolio Scoring (PRIME/X)
Company-by-company scoring using our proprietary measurement PRIME/X that quantifies financial performance, return profile, market conditions, strategic value, and engagement — giving you an institutional-grade view of every position.
1,500+ Co-Investor Network
Institutional relationships activated for follow-on capital, exit opportunities, and strategic introductions to accelerate portfolio company growth.
Approved Operations Infrastructure
Institutional-grade finance, legal, compliance, and reporting systems — reviewed and approved leading accounting firms. Your audit committee can rely on our rigor.
Frequently Asked Questions
Who owns the portfolio?
You do. SecondWave manages your portfolio on your behalf. We do not acquire ownership of your investments. Your company retains full economic ownership and benefits from any exits, distributions, or value appreciation.
What does it cost?
SecondWave operates on a management fee plus performance alignment model, structured to cost significantly less than maintaining a full internal CVC team. Fee structures are tailored to each engagement and discussed during the proposal phase.
What size portfolio is a good fit?
SecondWave works with portfolios ranging from a handful of legacy investments to dozens of active positions. The determining factor isn't size — it's whether the portfolio is receiving the active management it needs.
We still have some internal CVC activity. Can SecondWave manage just part of our portfolio?
Yes. SecondWave is modular. We can manage a subset of your portfolio — for example, legacy investments from a prior vintage or a specific sector vertical — while your internal team continues to manage active programs.
How does SecondWave handle follow-on investments?
We evaluate every follow-on opportunity on its merits using the PRIME/X scoring framework and market intelligence. We present recommendations to your team with full analysis. The decision to invest additional capital is always yours — we provide the analysis and manage the execution.
Will our portfolio companies know about the transition?
Yes, transparently. We work with your team to communicate the transition professionally. In our experience, portfolio companies welcome the change — an actively engaged investor is always preferred over a silent one.
What about our existing co-investors?
SecondWave maintains and strengthens co-investor relationships. Portfolio companies benefit from being connected to TechNexus's 1,500+ institutional co-investor network, which often improves syndication and follow-on dynamics.
How is SecondWave different from a secondary fund?
Secondary funds buy your portfolio at a discount — typically 30–60% of fair value — and capture all future upside. SecondWave doesn't buy your portfolio. We manage it. You retain full ownership and upside. Our interests are aligned: we succeed when you succeed.
What reporting will our auditors and board receive?
SecondWave provides institutional-grade reporting built on infrastructure approved by leading accounting firms. Quarterly performance reports, annual valuations, compliance documentation, and auditor-ready materials are standard.
How long is a typical engagement?
Portfolio management is an ongoing function — our goal is to serve as your long-term portfolio management partner until all positions are resolved through exits, secondary sales, or wind-downs. Engagement terms are discussed during the proposal phase.