PALICO, THE PE MARKETPLACE
For Secondary Buyers
We provide sophisticated investors access to private capital fund stakes — within a standardized process

As FEATURED IN









Secondaries
WHAT INVESTORS CAN EXPECT
Ease: A standardized process
For single fund stakes or portfolios, our platform offers a step-by-step process designed to optimize participating in a PE secondary sale.
Access: New Opportunities
Between varying strategies, size, locations and industries, you'll see opportunities as they become available on our marketplace.
Speed: Momentum and deadlines
Opportunities take place swiftly and efficiently with deadlines that are diligently enforced by our dedicated secondaries team.
A DYNAMIC MARKETPLACE
FOR SOPHISTICATED BUYERS

STEP ONE
NEW OPPORTUNITIES
Receive alerts directly in your inbox as new fund stake(s) come to our secondary marketplace. Or browse the platform to see all deals over time.
STEP TWO
ACCESS & DILLIGENCE
Interested in an opportunity? Easily begin diligence by requesting access to the data room.


STEP THREE
TRACK PROGRESS
Open the encrypted chat drawer where you can keep track of signed NDAs, file exchanges and conversations with the seller.
STEP FOUR
BIDDING
Submit indicative bids and/or binding bids using our integrated bidding tool. The seller will evaluate these bids in order to see which potential buyer to move forward with.


STEP FIVE
FINALIZE TRANSACTION
Once the winning buyer/bid is selected, the deal goes offline for execution of legalese regarding fund ownership transfer in exchange for cash.
Secondaries
Done differently
A secure solution to discover new opportunities
- We make sure to select vetted sellers with interesting opportunities for our secondary marketplace.
- Every seller needs to provide proof of ownership before any fund can be listed for sale.
- The buyers have the ability to communicate directly through a secured/encrypted chat drawer.

LP-led single fund / portfolio of interests
- Occurs when a PE fund investor sells an interest or a portfolio of interests to another investor.
- Buyer becomes a replacement LP in the fund or funds in question.
- LP buyer also assumes the original investor’s obligations to pay outstanding commitments to the underlying funds.

Explore life as a secondary buyer
Our user-friendly onboarding process ensures that any Accredited Investor can seamlessly join our community and start exploring the vast array of investment options available.

Why BUY
on the Secondary Market
Portfolio Diversification
Increase portfolio exposure and diversification by leveraging the secondary market for strategic asset allocation.
Market Access
Access GP relationships and certain funds that were not previously available to you as an investor.
Mitigate Blind Pool Risk
Get visibility on underlying assets – especially for older funds – as invested capital will have been invested in known companies mitigating blind pool risk.
Faster returns
Limit the J-curve effect by acquiring fund interest at a later stage of it's life, as it cuts down the time needed until cash is returned to LP – especially if bought at a discount.
What our secondary marketplace users
have been saying
Unigestion
Flashpoint
Anonymous Buyer
“Palico has made it so that in just a few clicks you can source secondary transactions and deal flow that are relevant to you.”
“We generated interest from 3 different LPs within one week – Like most GPs, we are a small team and we do not have enough staff to actively seek out buyers. The Palico platform allowed us to list our secondary stake in a straightforward and fast manner, and engage with buyers in a secure digital environment.”
“The platform is very user-friendly and it’s always been easy to screen opportunities. On top of that, I receive email alerts that allow me to keep track of what’s new on the platform. Sellers are usually very responsive, it’s all very professional and efficient.”
Eric Marchand, Head of APAC Private Equity
Igor Bilous, Managing Partner of Flashpoint
Anonymous Investment Management firm
FAQ
Who should use Palico's Secondary Marketplace?
Palico’s platform can host all types of secondary fund sales, and therefore, any Private Equity fund investor looking to sell their PE fund stake will be able to leverage the platform. However, Palico’s marketplace specializes in smaller fund stakes (of roughly $20M in NAV or below).
As a result of their transaction size, smaller stakes have traditionally experienced limited access to a competitive bidding process or general liquidity.
- Competitive Bidding Process: small secondary sellers benefit from a global marketplace featuring secondary buyers ranging from large secondary funds to smaller secondary specialists.
- Secure Virtual Data Room: our platform is designed with a fully encrypted data room and messaging module, allowing you to display sensitive information and engage in secure conversations.
- Seller Anonymity: the seller always remains anonymous when listing the fund stake for sale. The seller is only obligated to reveal themselves to the buyer when accepting bids from interested buyers.
- No Obligation to Sell: there is no obligation to sell — the seller can close their listing at any time without any fees or penalty.
- Streamlined Process: our platform provides digital tools that streamline the various stages of the sales process including data room set up, non-binding bids and binding bids.
- Comprehensive Customer Service: every secondary sales transaction is assigned to a dedicated Palico PE account services individual to assist throughout the process. Email, call, or message us – we aim to provide a premium customer experience.
What kind of fund stakes can be sold on Palico’s Secondary Marketplace?
- Single LP stakes
- Portfolio of LP fund stakes
- Co-investment opportunities (case by case basis)
- Fund stakes ranging from $1-100M (exceptions can apply)
Who should use Palico's Secondary Marketplace?
Palico’s platform can host all types of secondary fund sales, and therefore, any Private Equity fund investor looking to sell their PE fund stake will be able to leverage the platform. However, Palico’s marketplace specializes in smaller fund stakes (of roughly $20M in NAV or below).
As a result of their transaction size, smaller stakes have traditionally experienced limited access to a competitive bidding process or general liquidity.
- Competitive Bidding Process: small secondary sellers benefit from a global marketplace featuring secondary buyers ranging from large secondary funds to smaller secondary specialists.
- Secure Virtual Data Room: our platform is designed with a fully encrypted data room and messaging module, allowing you to display sensitive information and engage in secure conversations.
- Seller Anonymity: the seller always remains anonymous when listing the fund stake for sale. The seller is only obligated to reveal themselves to the buyer when accepting bids from interested buyers.
- No Obligation to Sell: there is no obligation to sell — the seller can close their listing at any time without any fees or penalty.
- Streamlined Process: our platform provides digital tools that streamline the various stages of the sales process including data room set up, non-binding bids and binding bids.
- Comprehensive Customer Service: every secondary sales transaction is assigned to a dedicated Palico PE account services individual to assist throughout the process. Email, call, or message us – we aim to provide a premium customer experience.
What kind of fund stakes can be sold on Palico’s Secondary Marketplace?
- Single LP stakes
- Portfolio of LP fund stakes
- Co-investment opportunities (case by case basis)
- Fund stakes ranging from $1-100M (exceptions can apply)
How Does Palico's Secondary Marketplace Work?
What documents do I need to facilitate the sale?
We recommend having the following documents listed below to optimize the sales process:
Mandatory documents:
- Quarterly Report
- Financial Statements
- Capital Account Statement
Subsequent documents:
- Subscription Agreement
- Limited Partnership Agreement (LPA)
- Private Placement Memorandum (PPM)
Secondary buyers have the option to browse any secondary sales opportunities listed on the platform. Once an opportunity of interest is identified, the buyer can then request access to the sellers virtual data room to review documents to reach the seller through Palico’s encrypted messaging module.
- Term Sheet
- Sales and Purchase Agreement
- Transfer Agreement
While legal paperwork will be finalized offline, supplemental documents may be hosted in Palico’s virtual data room as needed.
Security / Data Protection
Palico’s platform combines technological excellence along with regulatory compliance. We continuously improve the platform to ensure the security and confidentiality for all of our users.
Security and Data Protection:
Palico is a cloud-based platform and complies with the industry-standard data security protocols. Our network and infrastructure use several security layers (encryption, authentication, authorization) to guarantee the confidentiality and integrity of all recorded and exchanged data. All security layers are based on widely used and approved protocols in the industry and comply with ISO 27001 certification.
Confidentiality:
Palico offers a virtual data room to share confidential information with selected counterparties. The data room’s access is granted by the seller (in the case of a secondary sale) or by the GP (in the case of fundraising) for chosen requesters.
Palico also provides an end-to-end encrypted messaging module in order to negotiate and discuss transaction details privately.
Anonymity:
Palico is designed to maintain the anonymity of all LP members on the platform:
- Palico respects the LP’s preference to remain anonymous on the platform.
- At the sellers discretion, their identity can be kept confidential up until the LOI stage.
- In the event the LP selling a secondary fund stake the identity of the seller is kept confidential at the discretion of the LP but does have an obligation to reveal their identity once the process gets to the LOI stage of a secondary sale.
Fairness:
The marketplace is controlled and overseen by our internal compliance team. The compliance team thoroughly monitors member activity to ensure that no member is misusing the information available online.
Transparency and Standardization:
Palico is built on the premise of providing a level-playing field to all its members on the platform. It does so by giving all its members’ access to the same information presented in a standardized form for all investment or sale opportunities available on the marketplace
How Does Palico's Secondary Marketplace Work?
What documents do I need to facilitate the sale?
We recommend having the following documents listed below to optimize the sales process:
Mandatory documents:
- Quarterly Report
- Financial Statements
- Capital Account Statement
Subsequent documents:
- Subscription Agreement
- Limited Partnership Agreement (LPA)
- Private Placement Memorandum (PPM)
Secondary buyers have the option to browse any secondary sales opportunities listed on the platform. Once an opportunity of interest is identified, the buyer can then request access to the sellers virtual data room to review documents to reach the seller through Palico’s encrypted messaging module.
- Term Sheet
- Sales and Purchase Agreement
- Transfer Agreement
While legal paperwork will be finalized offline, supplemental documents may be hosted in Palico’s virtual data room as needed.
Security / Data Protection
Palico’s platform combines technological excellence along with regulatory compliance. We continuously improve the platform to ensure the security and confidentiality for all of our users.
Security and Data Protection:
Palico is a cloud-based platform and complies with the industry-standard data security protocols. Our network and infrastructure use several security layers (encryption, authentication, authorization) to guarantee the confidentiality and integrity of all recorded and exchanged data. All security layers are based on widely used and approved protocols in the industry and comply with ISO 27001 certification.
Confidentiality:
Palico offers a virtual data room to share confidential information with selected counterparties. The data room’s access is granted by the seller (in the case of a secondary sale) or by the GP (in the case of fundraising) for chosen requesters.
Palico also provides an end-to-end encrypted messaging module in order to negotiate and discuss transaction details privately.
Anonymity:
Palico is designed to maintain the anonymity of all LP members on the platform:
- Palico respects the LP’s preference to remain anonymous on the platform.
- At the sellers discretion, their identity can be kept confidential up until the LOI stage.
- In the event the LP selling a secondary fund stake the identity of the seller is kept confidential at the discretion of the LP but does have an obligation to reveal their identity once the process gets to the LOI stage of a secondary sale.
Fairness:
The marketplace is controlled and overseen by our internal compliance team. The compliance team thoroughly monitors member activity to ensure that no member is misusing the information available online.
Transparency and Standardization:
Palico is built on the premise of providing a level-playing field to all its members on the platform. It does so by giving all its members’ access to the same information presented in a standardized form for all investment or sale opportunities available on the marketplace
PALICO, THE PE MARKETPLACE
For Secondary Buyers
We give access to a diversified array of opportunities for secondary buyers within a standardized secondary process