Palico puts you in control of every step, with a clear, structured process designed to move the transaction forward from the moment you list.
Where buyers and sellers meet and transact.
Palico serves both sides of the secondary market across all strategies, geographies, vintages and ticket sizes.
Who Palico is for
For Sellers
Explore liquidity discreetly, at no cost, with full anonymity until binding phase. No exclusivity and no obligation to transact. Sellers control the process from start to finish and decide whether to engage with any offer received.
Learn more →For Buyers
Access a continuous flow of LP-led secondary opportunities across all strategies, geographies, vintages and ticket sizes. Buy indications allow buyers to proactively express interest in specific fund positions outside of a formal sell process.
Learn more →For GPs
Palico works with GPs, not around them. Launch tender offers. Stay informed on secondary activity in your funds, coordinate documentation, and engage throughout the process on your own terms.
Learn more →In control, but never unsupported
The conviction behind the platform
Palico exists because private markets liquidity deserved a better process. What started as a direct way for buyers and sellers to transact has grown into a platform built on transparency, discretion, and a long-term independent vision, one that continues to shape how Palico operates today.
Antoine Drean
Founder, Palico
After graduating from Wharton (MBA, Class of 1992), Antoine Drean spent three decades watching private markets evolve from the inside. As the founder of Triago in 1992, he built one of the most respected placement agents in the industry advising GPs and LPs across cycles, geographies, and strategies before Triago was acquired by Houlihan Lokey in 2024.
What he saw consistently was a market that moved on relationships and phone calls. LP-led secondaries in particular remained opaque, slow, and intermediary-heavy, not because the transactions were inherently complex, but because no neutral infrastructure existed to support them.
Palico was built to change that. Founded and independently owned by Antoine and a group of ultra-high-net-worth investors, the platform reflects a deliberate choice: to build something the industry genuinely needs.
“The best businesses don’t create demand. They solve problems that everyone else has learned to live with”
About Us
Palico is independently owned and operated, with no institutional shareholder whose interests could conflict with those of participants.
- SEC-registered broker-dealer and FINRA member.
- Regulated Alternative Trading System — the framework used by major electronic markets.
- Standardized legal documentation available for every transaction.
- Independently owned. No institutional agenda.
- Founded in 2012. Based in the US and EU. Active globally.
- A founding team with 30+ years of private market experience
Join a network of 1,000+ private-markets participants.
Palico serves both sides of the secondary market on equal terms. Sellers access real pricing and qualified demand. Buyers access a continuous flow of opportunities across all ticket sizes, vintages, and geographies.
