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V2 Markets
V2 Markets, co-founded by Tyler Carper in 2021, builds algorithmic matching software for the secondary market in private fund interests.
V2 Markets
V2 Markets was founded in 2021 by Tyler Carper and Andrew Deters in Denver, Colorado. The firm emerged as a response to the heavily manual and opaque process of trading private fund interests on the secondary market. By applying algorithmic matching to what has historically been a relationship-only market, V2 Markets attempts to compress the timeline between a seller's decision to exit and a matched buyer executing a trade. The platform's core technology is a matching engine that ingests data on fund interests, limited partner preferences, and pricing indications to surface bilateral trade opportunities. The system covers private equity, venture capital, real asset, and private credit fund interests. Rather than operating as a broker-dealer that manually shops positions, V2 Markets provides institutional investors with a digital interface where they can input position parameters and receive algorithmically generated counterparty suggestions. The platform's design emphasizes price discovery and transparency in a market where bid-ask spreads are typically wide and information leakage is a constant concern. Headquartered in Denver, V2 Markets operates as a technology provider rather than a registered investment advisor or placement agent. The team's size remains undisclosed. The firm has taken no outside institutional funding rounds that it has announced publicly. In September 2023, the firm released Version 2 of its matching platform, introducing improved data ingestion capabilities and expanded asset-class coverage, according to the firm's own communications. What structurally differentiates V2 Markets is its posture as a pure technology layer rather than an intermediary that takes balance-sheet risk or earns a carry. Most secondary-market venues are either full-service broker-dealers or electronic bulletin boards with no algorithmic intelligence. V2 Markets sits in a narrow middle: it provides software that automates matching without intermediating the actual transfer, which means it does not compete with its users for allocation or information.
General information
Firm type
Asset Manager
Year founded
2021
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Denver
Corporate office
Denver, CO, United States
Principals
Tyler Carper
CEO & Co-Founder
Andrew Deters
Co-Founder
Sector focus
Frequently asked questions
Who runs investment decisions at V2 Markets?
V2 Markets does not make investment decisions — it is a technology platform, not an allocator. The co-founders, Tyler Carper and Andrew Deters, run the company. The platform surfaces matches algorithmically; the actual investment decision to buy or sell a fund interest remains with the institutional counterparties that use the system.
Is V2 Markets a broker-dealer or a registered investment advisor?
V2 Markets is structured as a technology provider, not as a broker-dealer or registered investment advisor. It does not take custody of assets, execute trades, or earn a carry. This regulatory posture differentiates it from full-service secondary advisory firms that intermediate transactions and charge placement fees.
How does V2 Markets source proprietary deal flow?
V2 Markets does not source deals in the traditional sense. Institutional sellers input fund interest data directly into the platform, and the matching engine algorithmically identifies potential buyers. The platform's value proposition is that it aggregates supply and demand digitally, reducing the need for intermediaries to shop positions by phone.
What asset classes does the V2 Markets platform cover?
The platform covers private equity, venture capital, real asset, and private credit fund interests. Version 2, released in September 2023, expanded coverage to additional sub-asset classes. The matching engine is designed to handle LP stakes, not direct company equity.
Does V2 Markets participate in fund commitments or only secondary trades?
V2 Markets is focused entirely on the secondary market for existing fund interests. It does not facilitate primary fund commitments. The platform matches sellers of LP stakes with potential buyers, operating as a technology layer on top of the secondaries market rather than a fund-of-funds or primary placement agent.
What differentiates V2 Markets from other secondary-market platforms?
Most secondary-market venues are either full-service broker-dealers that manually negotiate trades or passive bulletin boards with no matching intelligence. V2 Markets provides algorithmic matching without intermediating the actual transfer — it is a software company, not a financial intermediary — which means it does not compete with its users for allocation or information, a structural distinction from most secondary advisors.
Has V2 Markets taken outside funding?
V2 Markets has not publicly announced any institutional funding rounds. It appears to be self-funded or backed by undisclosed angel or founder capital. This independence may contribute to its posture as a neutral technology provider rather than a platform with its own capital deployment agenda.
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