Limited Partners who have successfully used Secondcap’s platform to buy and sell fund interests comment here on the SecondaryNet process:
- Why did you choose to use SecondaryNet?
- Broad range of traditional and non-traditional buyers represented on the platform (with the bulk of them interested in our segment) which allowed us to select the appropriate group of counterparties to work with
- Innovative approach with centralized electronic platform
- What were the main advantages of using SecondaryNet?
- The diversity and number of buyers provided an effective way to run an efficient auction process
- Entire process managed and centralized on the platform
- Technical and professional support in all steps of the sale process
- How did the General Partners of fund interests sold find Secondcap’s services in your view?
- All of them were happy with the services provided by Secondcap
- How happy were you with the range and quality of buyers on the platform?
- Happy with the universe of buyers active on the platform. We considered this as one of the main advantages of the platform (since it would be hardly possible for a classic intermediary to approach them so quickly and on a confidential basis)
- Would you use SecondaryNet again?
- Yes
- A Seller (November 2011)
- Why did you choose to use SecondaryNet?
- Gave us access to a wide range of qualified buyers
- Makes the process more efficient as we could manage the whole transaction in one place
- What were the main advantages of using SecondaryNet?
- It is a cost effective way of reaching an active pool of buyers
- It reduced the amount of time spent on administering the transaction
- The professional service of Secondcap throughout the process
- How did the General Partners of fund interests sold find Secondcap’s services in your view?
- The GP wanted to make use of Secondcap because they saw it as a useful opportunity to diversify the LP base
- How happy were you with the range and quality of buyers on the platform?
- Very impressed and we were able to gain access to new LPs
- Would you use SecondaryNet again?
- Definitely
- An Intermediary (January 2012)