We run a small number of relationship-led deals where the company is strong, the seller is credible, and the price makes sense. We research and select the companies we cover, then secure allocations before they reach the broader market.
What the buyer pays on every deal. Among the lowest in the market.
We select the companies we cover, write our own memos, and verify both sides of every trade.
Name a company and a ticket size. We work our seller network to secure the allocation.
Direct secondaries at 0–2% on the buyer side. Research comes first: we select the companies we cover and publish our own memos before an offering reaches you.
Before we show an offering, we verify the seller and the shares. Before we introduce a buyer to a seller, we verify the buyer, so no one's time is wasted on either side.
Late-stage companies sourced at real discounts to the last round. Great businesses on sensible entry terms.
Most of our brokerage deals are direct shares on the cap table. When we use an SPV, it's single-layer, backed by a US GP, with clear line of sight to the underlying stock.
Names unlock with access. Pricing, fees, memos, and allocation details shared on request.
800+ founders, operators, and family offices investing side by side in pre-IPO tech since 2023.
There's no fund: you join the deals you like, from US$10k, and we invest our own money alongside members.
Application + vibe-check. No dues, no minimum activity.
Per deal, on participation only.
No carried interest.
Single-layer structures on trusted platforms.
Founder of Seconda Private Markets & Liquidity.Land. Founder of TruePNL (acquired). Building investor communities and tech products since 2017.
10 years in finance across investment banking, VC, and private equity (ex-Bain Capital). Founder and operator since 2021.