Independent liquidity advice for private-fund holders

Know what your private positions are worth.
Then decide.

We give holders of LP interests and evergreen funds an independent read on their book — and introduce the right buyer, bank, or lender when they're ready. We never take a cut of your transaction.

No success fees. No fee-sharing. Ever. Our advice isn't paid by the outcome — that's the point.

Team experience across
Goldman SachsHarbourVestAresStepStoneEvercore
Reflects the team's professional experience across these firms. Not an endorsement of this service.
Who we work with

Built for the positions banks won't touch.

Banks cover the institutions. They don't cover the sub-$25M positions — too small to underwrite economically. That's the gap we fill.

Wealth advisorsFamily officesFund of fundsPension fundsFoundations & endowmentsInsurance accounts

Across every private structure

LP interestsEvergreen & interval fundsNon-traded BDCsTail-end fundsConcentrated private stakes

Semi-liquid vehicles are where we pioneer: evergreen funds and BDCs promise liquidity their gates can't always deliver, and no established market serves the holders stuck in the queue. We're building it.

How it works

Three steps. The first one's on us.

1 · The read

Share your positions. We return an indicative clearing range on each — the way a buyer's desk would see it.

Free · 48 hours

2 · The decision

Sale, structured solution, or hold — compared on your actual numbers, in a memo your board can read.

Board-ready

3 · The introduction

When you're ready to act, we connect you with the right bank, buyer, or lender — with no fee attached to whether or what you transact.

No strings
See it, don't take our word for it

Straight sale vs. structured solution — live.

Set the terms. The chart shows what you'd keep under each path, across every portfolio outcome. Everything is in % of today's NAV.

Straight sale

Purchase price70% of NAV

Structured (preferred / NAV loan)

Advance (LTV)50% of NAV
PIK rate10%
Duration5 yrs
Straight sale Structured Breakeven
Day-one cash
70 vs 50
Sale vs. structured, per 100 of NAV
Lender must be repaid
80.5
50 advance compounding at 10% for 5 yrs
Structured wins if portfolio returns
> 100.5
Below that, the certainty of the sale wins

Simplified illustration: single bullet repayment, no cash interest, no fees or taxes, distributions net to the structure. Educational only — not investment, legal, or tax advice.

Want this run on your actual book? Book an intro call
The team

People who've priced these deals from the buy side.

Our team's experience spans the largest secondaries platforms in the market — underwriting LP-led, GP-led, preferred equity, and GP-stakes transactions. When we tell you what your book would clear at, the number comes from the buy side of hundreds of these processes.

  • Goldman SachsSecondaries — Vintage · PEM · Petershill
  • HarbourVestSecondaries
  • AresPrivate markets
  • StepStonePrivate markets
  • EvercorePrivate capital advisory
The independence pledge

We take no success fees, no transaction fees, and no fee-sharing from anyone we introduce — our compensation is never tied to whether you transact. We are not a broker-dealer and don't execute transactions. That's why our read has no thumb on the scale.

Confidential means confidential

Your positions are never shared without your written instruction. Introductions happen only when you ask, to counterparties you approve by name.

Start here

Book a 30-minute intro call.

Tell us what you hold. We'll tell you what we see — and whether there's anything worth doing about it.

  • The call and the first read are free — no obligation
  • You speak with a senior team member, not a sales rep
  • If holding is the right answer, that's what we'll tell you

Pick a time that suits you.

30 minutes, directly with a senior team member. No forms, no prep needed — just bring what you hold.

Book an intro call

Prefer email? diego@verxcapital.com