Create a market for the position
When the decision is to sell, Tangible runs a controlled institutional process designed to create competition around the opportunity.
We underwrite the position, identify the relevant buyers, manage diligence and bidding, negotiate the transaction and coordinate execution through closing.
Process
Twelve steps, one controlled process
Pre-auction phase
Pricing, access and expectations
01Pricing GuidanceUsing Tangible Market Sentiment Algorithm.
02NDA and Access to ReportingGP informed.
03LP Cost/Benefit ModelingSeller dashboard contains analytics and scenarios.
04Tangible Bottom-Up Valuation & Buyer Soft CirclePricing expectations managed.
Auction
Two rounds, four weeks
05First Round AuctionTwo weeks, non-binding offers.
06Interim Reporting
07Second Round AuctionTwo weeks, binding offers.
08Auction Summary and RecommendationsBuyer selection.
Closing and settlement
On-platform, through escrow
09Tangible Platform Calculates Closing PriceAnd provides useful templates to both buyer and seller.
10GP Approval
11On-Platform Document Review and ExecutionFor all relevant parties.
12Settlement via EscrowTransaction closed.
Buyer section
200+institutional secondary buyers
Tangible’s buyer coverage spans asset classes, sizes and stages of maturity, including dedicated secondary funds, institutional LPs, sovereign capital and family offices.
Discuss a secondary saleDedicated secondary funds
Institutional LPs
Sovereign capital
Family offices