Second Alpha Partners is a New York-based private equity firm focused on secondary and secondary-linked direct investments in mature, growth-stage technology, media, and telecom companies. The firm purchases equity and equity-linked positions from existing investors and founders to provide liquidity prior to company sales. Second Alpha was founded in 2012 by Richard Brekka and Jim Sanger.
60% of their portfolio is in Healthcare. Their most common stage is series-b (60% of deals). Average disclosed round size is $145.1M (across 5 rounds with reported amounts).
Portfolio
4
Fund Size
$170M
Top Stage
Series B
Last 12 Mo
0
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
5 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Bespoke Post | Series B | $40M | Oct 2021 |
 23andMe | Growth | $592M | Jun 2021 |
 Healthcare.com | Series B | $18M | Nov 2019 |
 tvScientific | Series B | $25.5M | — |
| Healthcare.com | Series C | $50M | — |
Top Co-Investors
Link Ventures2 shared
AXIS2 shared
NewRoad Capital Partners1 shared
BDMI1 shared
Norwest Venture Partners1 shared
Walden Venture Capital1 shared
500 Global1 shared
NewSpring1 shared
Savano Capital Partners1 shared
Great Oaks Venture Capital1 shared
Oaktree Capital Management1 shared
Last updated: 7 October 2026