# Second Alpha Partners

Second Alpha Partners is a Private Equity based in New York, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** 276 Fifth Avenue, Suite 801, New York, NY 10001
- **Founded:** 2012
- **Assets under management:** Undisclosed
- **Website:** secondalpha.com
- **LinkedIn:** https://www.linkedin.com/company/second-alpha

## Regulatory record

- **CRD number:** 282418
- **SEC file number:** 801-121935
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/282418

## About

Second Alpha Partners is a private equity firm focused on secondary investments, mainly purchases of direct interests in private companies from existing shareholders. The firm also invests capital directly in private companies that meet its investment criteria, usually in tandem with making secondary purchases of shares. Second Alpha Partners has offices in New York. For more information visit SecondAlpha.com.

## Sectors

- Enterprise Software
- FinTech
- Cybersecurity
- Mobility & Transportation
- Media & Entertainment

## People

- Richard Brekka — Team Member
- Jim Sanger — Team Member
- Eugene Galantini — Team Member
- Ryan Kober — Team Member
- Joseph Hickey — Team Member
- Ayelen Urizar — Team Member

## Questions

### How does Second Alpha source its deals without a traditional fund structure?

Second Alpha targets companies where existing shareholders — founders, angels, VCs, or corporates — are seeking liquidity after long holding periods. The firm uses proprietary data analysis to identify mature private companies that fit its revenue and business-model criteria. Its sourcing leverages relationships within venture syndicates, where the need to offload partial positions arises without triggering a full exit process.

### What type of transactions does Second Alpha execute?

The firm purchases shares and convertible securities on a secondary basis. This includes partial or full positions from founders, management, angels, VCs, and corporate investors. It also leads or participates in fresh capital rounds structured alongside secondary purchases, and handles debt conversions, recaps, restructurings, and pay-to-play financings.

### What revenue threshold does Second Alpha require in a target company?

Second Alpha focuses on companies with at least $20 million in revenue. The firm seeks businesses that are either profitable or have a clearly defined path to profitability, with a strong preference for highly recurring revenue models such as subscriptions or term licenses.

### Does Second Alpha take board seats or active management roles?

The firm states it takes on a supportive role in investor syndicates, providing capital, advice, and energy at key moments. Team members leverage extensive industry experience when active board participation is required, but Second Alpha does not position itself as a control investor seeking to operate portfolio companies directly.

## Related profiles

- [SECOM](https://altss.com/profile/secom)
- [Second Avenue Partners](https://altss.com/profile/second-avenue-partners)

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Last updated: 2026-06-03T20:00:00.000Z

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