Selling Investments on the Moonfare Secondary Market
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Benefits of the Moonfare Secondary Market
Liquidity solution for Moonfare clients
On Demand
Moonfare has partnered with with the largest and longest-running operator of private equity secondaries funds globally, Lexington Partners, to bring institutional-calibre liquidity to the Moonfare platform.
Full Service
Throughout the process, a member of the Moonfare team will be on hand to assist you. The team will closely monitor and manage the auction process to ensure an efficient and optimal outcome for all clients on our platform.
100 % Digital
As part of its mission to digitise the private market landscape, Moonfare will handle the auction process entirely on its platform, revolutionising a procedure that has typically followed a cumbersome, paper-based methodology.
Semiannual Structured Auction
Twice a year, in the spring and fall, Moonfare holds an auction for clients who want to sell their stakes in private equity funds or acquire new stakes. Buyers in this auction process may also seek to upsize existing stakes.
Secondary Market Dynamics and Timeline
Semiannual Secondary Auction
A step-by-step guide to the auction process
1 ) Signaling
Ongoing
Moonfare clients may signal their interest to sell at any time. We will record this interest and contact interested parties prior to the commencement of the Moonfare Secondary Market Auction to communicate next steps.
2 ) Confirming
Two weeks before the auction begins
Moonfare clients confirm their desire to sell by providing the proportion and the minimum reserve price for the stake they are selling. Moonfare will record and safeguard this confidential information.
3 ) Auction and Bidding
Four week window
During the auction process, buyers will be able to conduct due diligence and submit binding offers. During this period no further action is required from sellers.
4 ) Matching
One week after auction closes
Moonfare matches buyers and sellers. Moonfare optimises this matching process in order to give sellers the best price available.
5 ) Signing, Closing & Wiring
One to two weeks after matching
Moonfare digitally notifies relevant parties about the outcome of the auction, distributes the legal documents governing the resulting transactions and oversees the closing and transfer process.
Urgent Liquidity
If a client is unable to wait until the semiannual auction to sell and needs immediate liquidity, Moonfare's institutional partner Lexington will review the client’s offer outside of the auction process.
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About Moonfare
Moonfare is a technology platform that enables individuals and their advisors to invest in top-tier private equity funds, subject to eligibility.
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