Secondcap was founded in January 2010 in response to Limited Partners and General Partners seeking a more efficient way to transfer interests in private funds.
Secondaries market deal flow in 2010 was $60 billion however only $20 billion was transacted. This was due to wide spreads in pricing, a fragmented universe of buyers, a limited number of buyers and overly costly fees charged to transfer interests.
Secondcap developed SecondaryNet – an online platform which brings together a vast global network of buyers and sellers of private fund interests. Since launching in June 2011 it has provided best execution to a growing number of sellers. Secondcap adds value to Limited Partners by: