Secondaries
Liquidity solutions for limited partners and general partners in private markets.
Strategies / Liquidity
Overview
Private market investors increasingly need liquidity before a fund's natural end of life. Our secondaries strategy provides it — buying existing fund interests, direct positions and portfolios of assets.
On the GP side we lead and participate in continuation vehicles and structured solutions that give managers more time with high-conviction assets while offering existing investors a cash exit.
Because we are buying known assets with established track records, diligence is grounded in actual performance rather than projections, and capital is typically deployed at a discount to reported value.
Known assets
Diligence advantage
Shorter
Duration to liquidity
LP & GP-led
Transaction types
What We Look For
- LP interests and portfolios of fund stakes
- GP-led continuation vehicles and single-asset deals
- Structured preferred equity and NAV-based facilities
- Direct secondary purchases of pre-IPO company shares
Our Approach
Asset-level diligence
Bottom-up valuation of underlying companies, not top-down NAV discounts.
Pricing
Disciplined entry pricing relative to reported net asset value.
Alignment
Structures that keep managers and investors pointed the same direction.
Speed and confidentiality
Discreet processes with certainty of funding.