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:
Development in Renewable Energy Assets
Secondcap has entered in a partnership with MegaWatt-X to process transactions of secondary renewable energy assets (wind farms, solar parks). Leveraging on the established performance of SecondaryNet and the technical know-how of MegaWatt-X, the partnership provides liquidity to a fast growing but still illiquid market.
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