Secondaries
Liquidity for LPs and strategic stability for GPs
For GPs
Secondaries are a strategic tool to stabilize the LP base, anticipate liquidity, and strengthen your market position.
- More stable and engaged LP base
- Early DPI and stronger liquidity narrative
- Full focus on portfolio and follow-ons
- Enhanced reputation for future fundraising
For LPs
We offer fair and structured liquidity for investors, without impacting the portfolio or the GP relationship.
- Liquidity in funds
- Clear and aligned asset valuation
- Fair pricing in a competitive process
- Possibility to reinvest in new strategies or funds
Market Opportunity
Why the secondary market has become a key pillar of PE and VC
A consolidated asset class
- >The secondary market has evolved from opportunistic deals to an established asset class
- >Institutional investors dedicated multi-billion-dollar funds exclusively to this strategy
- >Today, secondaries are an essential part of the global private equity and venture capital infrastructure
Structural Liquidity
- >Address the main pain point of venture capital: lack of liquidity
- >Enables capital recycling mid-cycle of a fund
- >Makes the overall market more dynamic and attractive to new investors
Capital Efficiency
- >Extends the maturation period of high-quality assets
- >Prevents premature exits due to liquidity pressure
- >Creates efficiency: capital flows from investors who need to exit to those who want to increase exposure
Our Process
01 /
Expression of Interest: LP or GP signals the opportunity
02 /Transparent Valuation: fair and diligent asset analysis based on objective criteria
03 /Direct Agreement: straightforward negotiation, no auctions, built on strong relationships with funds and LPs
04 /Investor Replacement: seamless entry of PIPO as the new investor, with no impact on NAV or governance