Secondary Market Pricing Looms Over 3rd Party Tenders
As expected, recent market volatility has influenced the secondary market for illiquid assets. However, prices offered by firms that specialize in unsolicited third-party tender offers are, in our opinion, not fair.
Secondary market transactions trade at a discount to their publicly-traded peers primarily due to the illiquidity spread, but mini-tender prices border on predatory.
We are helping to develop a more efficient and value-driven secondary market for retail alternatives.
Advisors or shareholders seeking liquidity options should consider contacting Cox Capital Partners for secondary market pricing.
Source: Cox Capital Partners, SEC Filings.