Shasta Ventures Is Said to Pursue Strip Sale in Liquidity Hunt

Shasta Ventures is pursuing a so-called strip sale — the sale of a slice of fund investments — in an effort to provide its investors with liquidity, according to people with knowledge of the matter.

The early-stage venture-capital firm is working with Jefferies Financial Group Inc. to solicit interest from potential buyers for some of its holdings, said the people, asking not to be identified discussing confidential information. Details of the portfolio-company stakes that Shasta is attempting to unload couldn’t immediately be learned.

Representatives for Shasta didn’t immediately respond to a request for comment. A Jefferies spokesman declined to comment. ...