Sparks - Matador Secondary Private Equity

Matador Secondary Private Equity, a Swiss-listed investment company specialising in investments in the private equity secondary market, today defined its medium-term ambition for the first time. By 2030, the company aims to roughly double its private equity portfolio value to CHF125–150m (vs CHF66.5m at end-2025) and its NAV (equity) to CHF85–110m (vs CHF51.9m at end-2025) organically. Management highlighted that this declaration forms part of the company’s efforts to make its value-creation potential even more transparent to investors, following the company’s recent listing on the SIX Swiss Exchange. 

In May 2026, the company issued a portfolio update highlighting the potential NAV impact of the IPO of SpaceX (which, according to management, was carried on Matador’s books at comparatively low initial valuations). At that time, SpaceX was the most notable exposure to an IPO candidate within Matador’s Equity VC/Growth segment (this segment accounted for 28% of total private equity NAV).