Second Alpha Partners is a New York-based private equity firm specializing in secondary investments in mature, growth-stage technology companies. Founded in 2012 by Richard Brekka and Jim Sanger, the firm focuses on providing liquidity solutions for founders, executives, and investors by purchasing shares and convertible securities on a secondary basis. Their investment strategy targets private companies with proven business models, solid product offerings, and good prospects for future growth, particularly those with at least $20 million in revenue and a defined path to profitability.

Second Alpha primarily invests in companies operating within the Technology, Media, and Telecommunications (TMT) sectors, with a geographic focus on the United States and Canada. The firm has raised multiple funds, including an oversubscribed $170 million Fund V in 2023, demonstrating strong support from a diversified set of investors.