Best Execution & Pricing Strategy

How are Best Execution and Pricing supported?

The platform supports Best Execution through data-driven price discovery, competitive bidding, and transparency.

Pricing Drivers: Pricing is influenced by fund vintage (fully drawn older vintages often trade at lower discounts) and size (larger funds and well-known managers are generally more liquid).
Sector Variance: Discounts vary by strategy; for example, infrastructure and private credit typically trade at lower discounts (tighter pricing) than venture and growth funds.
Sell vs. Hold: Advisors and clients can access a "Sell vs. Hold" analysis in the fund's deal room to help evaluate different scenarios.

Targeted Outreach: Tangible targets a wide range of buyers to ensure the position is reviewed by the largest number of possible buyers interested in that specific sector or ticket size. By generating competition, buyers are incentivized to submit their highest price.
Reserve Price: The Seller sets a reserve price, enabling them to determine acceptable return thresholds prior to sale. This reserve price is not shared with buyers.
Buyer Selection: There is no automated matching. The seller receives an auction report where all bids are clearly listed and is able to review offers to select a preferred buyer.
Counteroffers: Sellers may utilize counteroffers to negotiate with buyers and increase pricing.