Tangible

As Millennial and Gen Z investors increasingly turn to #alternativeassets like private equity, #wealthmanagers face a growing challenge: meeting demand for these investments while addressing their inherent liquidity constraints. 💡 This shift presents an opportunity for wealth managers to attract clients seeking high-growth potential — if you can provide the flexibility and tools they need to navigate private markets confidently. At Tangible, we empower wealth managers with tools to create new liquidity solutions for clients, from digital auctions to internal secondary markets. Our platform helps you meet today’s demand for alternatives while ensuring your clients have access to liquidity when they want it. Ready to tackle the liquidity challenge and position your firm for the future? Let’s talk about how Tangible can help. 📆 Contact Khalil Hibri in Europe or Jeff Pinksa in the U.S. to schedule a meeting. #wealthmanagement #alternativeinvestments #privatemarkets #millennials #genz

🚀 The rise of '40 Act funds is making private markets more accessible than ever for retail investors. But as the market grows, fund managers need better options to provide liquidity to their investors. At Tangible, we offer '40 Act fund managers a simple way to provide their investors with backup liquidity. We help forecast expected liquidity events and provide a platform to manage transactions more efficiently. 🌐 Learn more at tangible-markets.com. #Secondaries #PrivateWealth #40ActFunds #AlternativeInvestments #PrivateMarkets

Our team is driven by the need to bring much-needed innovation to the secondary industry, so we were excited to see our efforts recognized in this great article by Tom Auchterlonie in Private Funds CFO.   The Tangible platform streamlines both LP-led and GP-led transactions with tools that provide pricing transparency and simplify the closing process. We aim to make secondary markets more accessible for all investors and fund managers, regardless of size. #secondaries #privatemarkets

Research suggests semi-liquid funds pay more for secondaries than closed-end funds – but why? According to Tangible’s Nathan Sutton, pricing ultimately boils down to the internal rate of return (IRR) a fund is targeting — and the IRR for an evergreen fund is typically 5-10 percentage points lower than a closed-end fund, leading evergreen managers to bid as much as 5% higher. “They’re not overbidding, they’re bidding in line with their investment target return,” he told Secondaries Investor. “The only thing they are overbidding against is closed-end funds.” Read more: https://lnkd.in/gcntvVdh #secondaries 

As Ben Stupples and Annie Massa of Bloomberg News highlighted this week, #familyoffices are infusing new capital into the booming secondaries market. Family offices’ allocations to #secondaries are surging, bringing new liquidity to private equity firms facing a liquidity crunch. However, Tangible has seen that family offices aren’t just buying secondaries — they’re also transforming the market as sellers. Many family offices and high-net-worth investors are currently seeking liquidity across earlier vintages. Historically, the secondary market was inaccessible for all but the largest institutional investors, but that’s changed. Tangible’s platform offers family offices and other LPs a way to get early exits for private market stakes between $500K and $100M+. From pricing analytics to digital auctions, we’re committed to making the secondary market more accessible. To schedule a demo or learn more, reach out to Khalil Hibri in Europe or Jeff Pinksa in the US. https://lnkd.in/gmwXN_En

As Ben Stupples and Annie Massa of Bloomberg News highlighted this week, #familyoffices are infusing new capital into the booming secondaries market. Family offices’ allocations to #secondaries are surging, bringing new liquidity to private equity firms facing a liquidity crunch. However, Tangible has seen that family offices aren’t just buying secondaries — they’re also transforming the market as sellers. Many family offices and high-net-worth investors are currently seeking liquidity across earlier vintages. Historically, the secondary market was inaccessible for all but the largest institutional investors, but that’s changed. Tangible’s platform offers family offices and other LPs a way to get early exits for private market stakes between $500K and $100M+. From pricing analytics to digital auctions, we’re committed to making the secondary market more accessible. To schedule a demo or learn more, reach out to Khalil Hibri in Europe or Jeff Pinksa in the US. https://lnkd.in/gmwXN_En

Wealth management clients are increasing their exposure to #alternatives, but that comes with a challenge: #liquidity. A recent J.P. Morgan survey found that family offices are allocating more than 45% of their portfolios to alternatives like #privateequity and real estate. High-net-worth investors also increasingly see alternatives as an essential part of their portfolios — particularly millennial and Gen Z investors, according to a 2024 Bank of America study. Yet no matter how attractive private equity returns may be, these investors don’t always want to wait 10+ years to unlock their capital. That means wealth managers must find ways to meet the demand for liquidity to preserve client relationships. Tangible empowers wealth managers to offer liquidity solutions for feeder and fund investors through our digital platform and proprietary investment vehicle. Your relationship managers control every step of the process, preserving relationships and assets under management. Learn more at tangible-markets.com. #wealthmanagement #privatecapital #secondaries

LPs often overlook one critical question when choosing a fund: How easy will it be to get #liquidity for your stake if you need an early exit? Khalil Hibri discusses why LPs should consider future liquidity when investing in a fund or GP - and how to forecast how attractive your stake will be on the secondary market. #secondaries #limitedpartner https://lnkd.in/gkU7hmQH

Semi-liquid funds (aka, evergreen funds) are exploding in popularity. That’s great for many reasons, but it also creates risks for investors and fund managers alike. ⬇ First, what makes #semiliquid funds so great? They offer flexibility, liquidity, diversification and lower minimum investment sizes. These factors make semi-liquid funds more accessible to #family offices and #HNW, #UHNW and mass affluent investors. Asset managers are seizing this opportunity to bring more products to the market. The number of periodic semi-liquid funds nearly doubled in five years, reaching 520 at the end of 2023, according to @Preqin. If current trends continue, Tangible estimates there could be 900+ semi-liquid funds by 2030, as shown in this chart. As GPs launch new funds, they should also be aware that the main selling point of semi-liquid funds (more frequent redemption opportunities) also creates risk. What happens when everyone wants to get out at once? Fund managers need a strong risk management tool to function well and prevent liquidity gates from being closed. Tangible offers programmatic liquidity solutions for semi-liquid funds that include: ➡ Internal marketplace ➡ Financial backstop ➡ Alternative liquidity, including #NAV financing, capital call facilities and select asset liquidation Learn more about Tangible's solutions for semi-liquid funds: https://lnkd.in/gdMZhvn3 

🎉 We’re excited to welcome secondary markets pioneer Jeff Pinksa to Tangible as Managing Partner and Head of U.S. Building on our recent successes in Europe, Jeff will lead Tangible’s growth in the U.S. market, driving business development, origination and execution of our secondary market mandates for U.S. clients. With his deep expertise in #privatemarkets and #secondaries, Jeff brings strong relationships and an exceptional understanding of the market. We’re thrilled to have him on board as we continue to roll out innovative #liquidity solutions for our global network of LPs, GPs, and wealth management firms. Welcome to the Tangible team, Jeff! #limitedpartners #generalpartners #wealthmanagement #familyoffices