Closing & Settlement

Can the Purchase and Sale Agreement be negotiated?

We provide a standard, institutional-grade PSA developed by a leading law firm to streamline execution. It is designed to be fair and balanced

Regulatory Wait: Transfer agreements can only be executed after a minimum of 45 days have passed since the Bidding Window started.
Execution: After the deal is awarded and the wait period passes, parties typically have seven days to execute the purchase agreement and transfer documents.
Closing Date: The closing date is generally set for 15 days after the execution of agreements.

The buyer pays the seller directly once all documents are completed.

Direct Settlement: Buyer remits funds directly to the seller (or settlement account).
Confirmation: The seller must mark the payment as "Received" on the platform.
Release: Once payment is confirmed, the final documents are released to both parties.
Note: This process carries the same payment risk typically associated with third-party sales outside of iCapital. However, Tangible maintains a relationship with a provider that offers escrow services should any issues arise.

The platform’s "Reference Date" logic handles this:

Capital Calls: If a seller pays a capital call after the reference date, the amount is added to the closing price.
Distributions: If a seller receives a distribution post-reference date, the purchase price is reduced dollar-for-dollar from the closing price. This is done automatically by the platform.