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

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.

Do you have further questions?

We are here for you
Submit selling interest

Common Questions

May we help you with any othe topic? Don’t hesitate to contact us.

How is the net asset value (NAV) associated with a fund investment determined?
How are remaining capital commitments considered with respect to net asset value (NAV)?
When will a fee be due and what is the basis for the fee?
What is the fee amount?
Is my identity known to other buyers or sellers?
Are secondary market transactions reversible or cancellable?
When can I buy or sell interests?
How are offers to buy and sell matched in the Moonfare Secondary Market Auction?
When do transactions settle? When should I expect to send or receive funds?
When does my order become binding in the Moonfare Secondary Market Auction?