The secondary market for retail-focused alternatives has not yet developed like its institutional counterpart. While the growth of retail-focused alts has mirrored that of the institutional market, the availability of secondary liquidity has not yet emerged as a viable option to serve the best interests of shareholders and LPs.

The wealth management market is highly fragmented across independent broker-dealers, registered investment advisors, and wirehouses, and further governed by the client-advisor relationship that is critical to portfolio oversight. This dynamic, coupled with the smaller investment size and transactional complexity of investing in alternatives, can make the path to liquidity seem challenging to navigate. As more traditional institutional secondaries managers have grown larger, they are also unable to accommodate some of the smaller liquidity needs of certain family offices and wealth managers.

Cox Capital offers the first option for direct buying and can provide certainty in an uncertain environment. We are committed to providing fair value, simplicity, and transactional and process compliance.