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The Boring Desk: The Investment Bank for LP-Led Secondaries

Hey there,
let’s get your stake sold.

Price My LP StakeJoin the Buyer NetworkSee How We OperateSend a Brief Hello
Document-led
NAV analysis rebuilt from the fund documents you provide
$0
Minimum transaction size
Focused process
Designed to reach first bids without a months-long launch
3%
The only fee, charged at close. $0 upfront
Document-led
NAV analysis rebuilt from the fund documents you provide
$0
Minimum transaction size
Focused process
Designed to reach first bids without a months-long launch
3%
The only fee, charged at close. $0 upfront
The Process

The Better Way to Sell Your LP‑Led Secondary

From fund details to done deal. Agents do the heavy lifting, a banker oversees every step.

Your Position
Illustrative figures. Not a quote, an offer, or a record of executed trades.
Fund Name
Summit Ridge Growth Fund VIII
Fund Strategy
Buyout
NAV
$2.4M
Vintage
2019
Boring Desk AI
✓
200+ mandates matched
✓
12 buyers NDA’d
✓
8 meetings scheduled
↻
Offers coming in live
Deal Done
✓
✓
Offer accepted · $2.4M
✓
SPA signed by all parties
✓
GP consent approved
✓
Escrow wired · closed
Secondary Pricing

Where LP interests clear today.

What buyers are paying, and how a sale actually moves. One desk, both sides.

The pricing desk% of NAV, H1 2026
Buyout+4 vs avg91%
Infrastructure+4 vs avg91%
Private Credit+2 vs avg89%
Venture & Growth-8 vs avg79%
Real Estate-19 vs avg68%
Market average 87%
The vintage curvedrag to your fund’s age
A fund 8 years old≈ 84% of NAV, indicative
H1 2026 benchmarks: Jefferies Global Secondary Market Review (July 2026). Vintage curve: FY2025 review.
A sale in motionlive demo
Blinded teaser out to matched, verified buyers
TeaserNDABidsConsentWire
Bid tape0 of 5 bids in
Evergreen Secondaries81.5%
Lakeside Partners IX83.0%
Cedar Capital83.8%
Evergreen Secondaries84.6%
Alpine Secondary XI85.2%
Best bid–of NAV
Illustrative deal. Names and figures are representative.Price your stake →
Indicative Pricing

What is your stake worth?

$M
Transaction Journey

Intake to wire, one track.

Package, compete, close. One team carries every deal from documents to wire.

Time to Close
Industry8 to 12 weeks
The Boring Desk45 days
Intake → wire. Design target.
Prepare
Match
Close
Step 01
Intake
K‑1s + LPA
Step 02
NAV Rebuilt
Comps layered
Step 03
Package Live
Blind to buyers
Step 04
First Bids
Live leaderboard
Step 05
Bids Closed
Winner selected
A
Step 06
GP Consent
Transfer signed
Step 07
Wire
Success fee only
Step 01
Intake
K‑1s + LPA
Step 02
NAV Rebuilt
Comps layered
Step 03
Package Live
Blind to buyers
Step 04
First Bids
Live leaderboard
Step 05
Bids Closed
Winner selected
Step 06
GP Consent
Transfer signed
Step 07
Wire
Success fee only

K‑1s and LPA queued for intake review.

Why The Boring Desk

Our Advantage

Powerful capabilities that streamline your LP‑led secondary and maximize value.

Why The Boring DeskVetted
  • Proven team
  • Tech-enabled platform
  • Proven concept
  • Aligned fee model
Institutional-gradeLP-Led Secondaries
AI valuation & matching
Illustrative figures. Not a quote, an offer, or a record of executed trades.
Fair value from comps, ranked buyer intros.
Indicative fair value
$2.4M – $2.7M
Confidence band from dozens of comps
75th percentile on price
Top matches
97
Institutional LP Pool
Strategic
Intro
91
Secondary desk · Tier‑1
Price
Intro
Onboard & track
Illustrative figures. Not a quote, an offer, or a record of executed trades.
One seamless flow from upload to wire.
✓
Entity
✓
Verify
3
Custody
LP stake · Buyout IVLive
✓
Listed
IOIs
3
Close
MilestoneOwnerStatus
Data roomYouDone
SPA draftLegalIn review
Auto Buyer Matching
Illustrative figures. Not a quote, an offer, or a record of executed trades.
AI-ranked against our full buyer universe.
Match engine14 in range
Rules: vintage ±2y · ticket $1–$5M · buyout sleeve
Auto-ranked
97
Endowment LP desk
Strategic
Auto
91
Secondary fund IV
Price
Auto
88
Family office pool
Size
Auto
Market Report
Illustrative figures. Not a quote, an offer, or a record of executed trades.
50 recent comparable transactions evaluated.
Similar Transactions50
YearFund / strategyPrice
2024Buyout Fund IV$2.7M
2024Growth equity II$1.95M
2023Real assets sleeve$1.1M
2023Growth equity$1.9M
2022VC secondary$750k
2022LP stake$620k

We rebuild NAV from K‑1s, layer dozens of comps, and produce a confidence band. Then we score every buyer mandate against your listing for a ranked shortlist.

AI valuation & matching
Illustrative figures. Not a quote, an offer, or a record of executed trades.
Fair value from comps, ranked buyer intros.
Indicative fair value
$2.4M – $2.7M
Confidence band from dozens of comps
75th percentile on price
Top matches
97
Institutional LP Pool
Strategic
Intro
91
Secondary desk · Tier‑1
Price
Intro

Upload K‑1s and the LPA, verify identity, and connect custody in minutes. Then follow every stage from listing to wire in one live workspace with no email chains.

Onboard & track
Illustrative figures. Not a quote, an offer, or a record of executed trades.
One seamless flow from upload to wire.
✓
Entity
✓
Verify
3
Custody
LP stake · Buyout IVLive
✓
Listed
IOIs
3
Close
MilestoneOwnerStatus
Data roomYouDone
SPA draftLegalIn review

We continuously run your package against our curated buyer universe. Only the strongest matches are recommended, so outreach stays tight, explainable, and on your terms.

Auto Buyer Matching
Illustrative figures. Not a quote, an offer, or a record of executed trades.
AI-ranked against our full buyer universe.
Match engine14 in range
Rules: vintage ±2y · ticket $1–$5M · buyout sleeve
Auto-ranked
97
Endowment LP desk
Strategic
Auto
91
Secondary fund IV
Price
Auto
88
Family office pool
Size
Auto

Access a live database of 50+ comparable transactions so you know exactly where your position prices before any buyer makes an offer.

Market Report
Illustrative figures. Not a quote, an offer, or a record of executed trades.
50 recent comparable transactions evaluated.
Similar Transactions50
YearFund / strategyPrice
2024Buyout Fund IV$2.7M
2024Growth equity II$1.95M
2023Real assets sleeve$1.1M
2023Growth equity$1.9M
2022VC secondary$750k
2022LP stake$620k
FAQ

Common Questions

The Boring Desk is an AI-driven investment bank for LP-led secondaries: it prices, markets, and closes the sale of limited-partner fund interests. We help LPs sell fund positions to qualified institutional buyers with transparent pricing, AI-driven matching, and streamlined execution.

Our platform uses AI to match your mandate or listing with verified counterparties. You get access to a broad network of LPs, GPs, and institutional investors actively transacting in secondaries.

We focus on LP-led secondaries: selling your limited-partner interest in private equity, venture capital, real estate, and infrastructure funds. We can also support GP-led situations where relevant. Listings are vetted and include key fund and pricing information.

We operate on a success-based model. There are no upfront retainers or hidden fees, and we only win when your transaction closes. Once a deal is underway, we disclose our fee structure clearly to you and your advisor, so there are no surprises.

The Boring Desk process is designed to close in about 45 days from intake to wire, versus the 8 to 12 weeks a traditional single-fund secondary typically takes. Our platform automates matching, diligence, and documentation to speed up every step.

Create an account as a seller or buyer in a few minutes. From there, our team helps you upload the relevant fund documents, verify your status, and prepare your listing or mandate. No upfront commitment required.

Ready to explore your liquidity options?

Get Started Join our Buyer Network
The Boring Desk

The Boring Desk is an AI-driven investment bank for LP-led secondaries: it prices, markets, and closes the sale of limited-partner fund interests.

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© 2026 The Boring Desk, Inc. All rights reserved.

The information on this website is for general informational purposes only and does not constitute investment, legal, tax, or other professional advice, an offer to sell or a solicitation of an offer to buy any security, or a recommendation regarding any transaction. Any services described are intended solely for institutional and accredited investors. Interests in private funds and secondary transactions involve substantial risk, illiquidity, and potential loss of capital. Past performance is not indicative of future results. Any timelines, figures, or outcomes referenced are illustrative and bespoke to each engagement; no specific result is guaranteed. For disclosures or further information, please contact us directly.