Bringing Value to the Surface

Liquidity solutions for the private markets

Our Focus

Providing liquidity solutions to the private markets (private equity, private debt, venture capital, and real assets) through the secondary markets.

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Upwelling Capital Group

Founded in 2011, Upwelling Capital Group LLC is an investment manager focused on providing advisory and capital solutions to premier institutional investors and private capital managers. Throughout their careers, the Principals of Upwelling have cumulatively overseen over $50 billion in global private equity commitments and have successfully managed over $5 billion in legacy, tail-end commitments, transfers and workouts for leading institutional investors.

Latest News

Meketa Capital cites Upwelling research on performance of private equity funds over their lifecycle in their recently published report on Evergreen Funds and Their Potential Misuse of Secondaries. 

“According to research performed by Upwelling Capital Group, originally completed in 2019 with updated data added in 2021 and 2025, the sharpest growth in fund value, as measured by TVPI (Total Value to…

Upwelling – ReedSmith Webinar on GP Removal

On Wednesday, January 21st, Upwelling partners Joncarlo Mark and Eric Green joined ReedSmith LLP partners Ed Klees and Brendan Gallen in webinar titled, “GP Removal in Investment Funds.” The discussion…

Liquid Courage, Episode 3: Venture Capital Has an $8 Trillion Liquidity Problem

Upwelling is pleased to share the most recent episode of the Liquid Courage podcast series, “Venture Capital Has an $8 Trillion Liquidity Problem.” Joining Joncarlo Mark (Upwelling) and host, David Snow, the episode…

Upwelling Capital Group has a bicoastal presence in Sacramento and New York