Who it is for
- Limited partners selling an interest in a private fund: institutions, family offices, estates and trusts, and individuals.
- Single fund positions too small for a traditional secondary advisor, as well as larger positions and multi-fund portfolios.
- Institutional and accredited investors. The seller intake asks every seller to confirm Accredited Investor status under Rule 501 of Regulation D.
Who it is not for
- Sponsors running a GP-led process such as a continuation vehicle. The desk's lane is LP-led sales.
- Holders of direct shares in a private company. The desk sells limited-partner fund interests.
- Investors who are not institutional or accredited.
- Anyone who needs a firm, guaranteed price before a sale starts. Bids on the platform are nonbinding indications until the purchase agreement is signed.
What it costs
The seller pays a 3% success fee on the transaction value, owed only on settlement. No retainer and no upfront fee. Buyers pay nothing.
Strategies covered
Buyout, Venture Capital, Growth Equity, Infrastructure, Real Estate, Private Credit, Fund of Funds.
What the desk does not do
- Charge a retainer, an upfront fee, or any fee to buyers.
- Broadcast a listing. A blind profile goes only to buyers whose mandate matches, and the seller's identity is disclosed only when the seller authorizes it.
- Act without a person deciding. A banker approves every valuation and every buyer send, and the seller decides on every bid.
- Give investment, legal, or tax advice.