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
A start-up called Tangible is piloting a program to make continuation fund deals smoother. Continuation funds are a major part of the secondaries sub-asset class within private markets. They let firms hold onto assets longer by transferring them from original vehicles to new ones, while offering primary fund investors the option to cash out. Tangible's offering is designed to help smaller GPs without advisors, and LPs do cost-benefit analyses for prospective deals. Thank you to co-founders Khalil Hibri and Nathan Sutton for walking me through the new product for my latest in Private Funds CFO. https://lnkd.in/e7vJCJTz