Blackbird Ventures is considering options to cash out early stakes in Canva and other standout investments that have remained private for longer than expected, as its rival Airtree Ventures faces pressure from long-standing investors to return more profits.
The move could see Blackbird’s hugely profitable stake in Canva, held across its 2015 and 2018 follow-on funds, sold into new continuation funds so that it can offer investors the opportunity to take profits in the design tech giant, most recently valued about $US30 billion ($42 billion).
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