Insights

The Secondary Market, Explained

Perspectives on illiquid asset transactions — how they work, who is involved, and what sellers should know before initiating a process.

LP interests secondary market

LP & Fund Interests

The Hidden Market for LP Interests

Most limited partners don't know they can sell. Here's how the secondary market works and what actually determines price.

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Private company stock secondary market

Private Company Stock

Getting Out Early: The Secondary Market for Private Company Stock

Private companies are staying private longer. For founders, early employees, and angel investors, the secondary market offers an exit before the IPO.

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Real estate partnership interests

Real Estate Partnerships

When a Real Estate Partnership No Longer Works

Partnerships are designed for patience. When circumstances change, the secondary market provides a path to liquidity that most holders don't know exists.

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Royalty stream secondary market

Royalties & Mineral Rights

The Lump Sum Decision: When to Sell a Royalty Stream

A royalty stream has a present value — a lump sum a buyer will pay today in exchange for future payments. What determines that number, and when does selling make sense?

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