YOUR PATH TO Early LIQUIDITY

The world’s first digital secondary market for private equity

Moonfare holds a semi-annual digital secondary market. This structured auction allows investors seeking early liquidity a chance to sell their Moonfare allocations to other members. Create a free account to see what is available.

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WHY EARLY LIQUIDITY IS A GAME CHANGER

How It Works

Illiquidity was one of the last barriers standing between individual investors and allocations in private equity. Moonfare Members can offer their existing allocations to buyers in a structured auction that happens twice per year.

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Features and Benefits

Moonfare is the leading digital platform for accessing top-tier private equity funds. Partnering with us provides your business a distinct competitive advantage and new revenue streams.

On Demand

Moonfare has partnered 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.

Semi-Annual Structured Auction

Twice a year, in the spring and fall, Moonfare holds an auction for clients who want to sell their stakes in Moonfare’s private equity funds or acquire new stakes. Buyers in this auction process may also seek to upsize existing stakes.

Auction Timeline

The auction timeline was designed to allow enough time for sellers to properly value their stakes and for buyers to evaluate the funds currently on offer.

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.

Confirming

Two weeks prior to the Auction

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.

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.

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.

Signing & 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.

Frequently Asked Questions

If you have further questions regarding the Moonfare Secondary Market you can see the most common questions and answers below, or contact our team directly.

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?

Moonfare gives you access to top-tier private equity.

Over €1.5 billion assets under managment.

More than 40 private markets funds to date.

Streamlined digital process without complicated paperwork.

Expert team from leading finance and technology companies.

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Do you have further questions?

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