Every protection here is a gate the platform enforces, not a promise.
KYC and accreditation checks clear before a buyer can bid or open a data room.
PSA §3.7 · PSA §4.3 · Rule 501, Reg D
Before a signed NDA, buyers see a blinded teaser: no fund name, no GP.
Mutual NDA · Blinded teaser pre-invite
Bids and the LOI are non-binding. Either party may withdraw before the purchase agreement without liability.
LOI §3 (non-binding) · PSA Art. II (binding on execution)
GP consent, ROFR and ROFO windows, and LPAC approval are read from the LPA and followed exactly.
PSA §5.1 GP consent · PSA §5.2 ROFO/ROFR · PSA §5.3 LPAC
Each indication, signature, and status change writes to a timestamped audit log as it happens.
Per-deal audit log · §1.7704-1(g)(2)(iii) records
Trades through a qualified matching service (Treas. Reg. §1.7704‑1(g)) don’t count against a fund’s transfer ceiling. The desk runs that calendar as hard gates.
Offering information reaches matched buyers; the timestamp is logged.
Bids stay nonfirm indications until the 15th calendar day. §1.7704-1(g)(2)(iii)
No closing before the 45th calendar day after listing. §1.7704-1(g)(2)(iv)
Unsold listings come off buyer surfaces; 60-day cooldown before any re-offer. §1.7704-1(g)(2)(vi)
The Boring Desk has not registered or otherwise formally established a Qualified Matching Service designation. This is general information, not legal, tax, or investment advice, and not a representation that any transfer qualifies for any safe harbor. Confirm the treatment of any transaction with your own counsel.
Source: 26 CFR §1.7704‑1, current e‑CFR text.