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Buying on Behalf of Your Client

Browsing & Viewing Listings​

How do I browse available positions?​

  1. Navigate to the Marketplace during an active Bidding Window.
  2. Click Buy on any fund to see available listings.
  3. Review each listing's details: fund name, NAV amount being sold, and indicative price (if displayed).

Consider the position size and your client's portfolio fit.

Listings are only visible during active Bidding Windows. Check how much time remains before the window closes.

Submitting a Bid​

How do I submit a bid for my client?​

  1. Find the listing you want to bid on and click Make a Bid.
  2. Click the Select Client dropdown to choose the client for this bid.
  3. Select your bid price (as a percentage of NAV).

    Review the adjusted purchase price based on post-reference date capital calls or distributions.

  4. Click the Submit Bid button to finalize your position bid.

After submitting, you can track all your active bids from your buyer dashboard. You can submit bids on multiple listings simultaneously, and modify or withdraw bids before the seller awards.

Is my client's bid binding?​

The transaction is non-binding until your client signs the legal documents. However, withdrawing after being awarded impacts the seller significantly, so please bid responsibly.

Responding to Counter-Offers​

What are my options when a seller counters?​

When a seller counters your client's bid, you have three options:

  • Accept the Counter: Agree to the seller's terms and signal strong interest.
  • Counter Back: Propose alternative terms that work better for your client.
  • Decline: Withdraw from this particular negotiation.

To Counter Back:​

  1. Navigate to your dashboard.
  2. Click the Client Offers tab to view all pending client offers.
  3. Click the Review Bids button.
  4. Find the bid you want to counter and click Counter.
  5. Enter your counter terms (adjusted price).
  6. Click the Submit Counter button to apply changes.
Remember

Even if you reach agreement through counters, nothing is final until your client confirms their award and signs legal documents.

If Your Client Wins​

What happens if my client is awarded?​

When a seller awards your client as the winner:

  • You'll be notified immediately.
  • You have 2 days to confirm your client's commitment.
  • Once confirmed, you'll enter the Transaction Process.

If your client was selected as a backup buyer, you'll be notified if the primary winner withdraws.