Alternatives

LP-Led Secondaries

Purchase and sale of LP fund stakes in the secondary market.

LP-Led SecondariesImage · LP-Led Secondaries
Overview

LP-led secondaries are the sale and purchase of existing limited-partner fund interests — offering buyers immediate exposure at a potential discount and sellers early liquidity. Matchpoint sources and structures LP-led secondary transactions.

As part of our Alternatives practice, Matchpoint Partners has originated and led $2+ billion of transactions across four continents, and every alternatives mandate is led by a partner, from first call to close.

How Matchpoint helps

Our role on lp-led secondaries mandates

  • Buy or sell LP fund interests
  • Immediate, seasoned exposure
  • Potential discount to NAV
  • Liquidity for existing LPs
Track record

Select transactions

Representative alternatives mandates led by Matchpoint partners.

Real Estate · PE
€220m

PBSA & commercial RE fund — LP solutions via restructuring.

Restructuring + Placement · Europe
Multi-Strategy
$1bn

Multi-strategy fund — placement mandate under way.

Fund Placement · Global
Healthcare · PE
$125m

Healthcare PE fund (AIF) placement.

PE Fund Placement · Asia
Tech · VC
$50m

Technology VC fund (AIF) placement.

VC Fund Placement · India
Questions, answered

LP-Led Secondaries — frequently asked questions

The sale of an existing LP's fund stake to a new investor in the secondary market.

Faster deployment, a shorter J-curve and often a discount to NAV.

As a percentage of the fund’s reported net asset value, adjusted for capital calls and distributions since the reference date. The level reflects portfolio quality, the manager’s reputation, how much remains unfunded and expected timing of exits — strong funds can trade near or above NAV, weaker ones at meaningful discounts.

Usually for portfolio reasons rather than distress — rebalancing allocations, freeing capital for new commitments, exiting non-core managers or resolving over-exposure after market moves. Because motivations are often structural, disciplined buyers can acquire good assets from rational sellers at sensible prices.

Agreeing price and terms with the buyer, obtaining the general partner’s consent — which fund documents almost always require — and executing a transfer agreement that moves both the funded position and any unfunded commitment. The GP relationship matters: transfers move fastest when the buyer is acceptable to the manager.

It covers US pre-IPO secondaries, curated deal access for private equity funds and family offices, PE/VC fund placement, and AI data-centre investments — for qualified investors.

Pre-IPO secondaries, GP- and LP-led secondaries, co-investments, PE/VC fund placement and SPVs, plus thematic exposure to AI data centres, digital infrastructure and the energy transition.

Access is for qualified investors — primarily PE funds, family offices and institutions — subject to eligibility, suitability and counterparty terms.

Matchpoint works primarily on a success fee, with a modest retainer to cover execution. Fees are agreed in writing up front and scaled to the size and complexity of the transaction — with no hidden costs.

Most mandates reach a first term sheet within 30 days, depending on diligence readiness and structure; closing follows once terms are agreed.

A short, confidential scoping call and NDA; we structure the requirement and prepare materials, then run a competitive process across our 5,000+ investor and lender relationships, and negotiate to close — with a partner leading at every step.

Matchpoint Partners is based in the UAE and runs cross-border mandates across the UAE, KSA, India and the UK, with active deal activity in wider Europe, Singapore and the United States.

Matchpoint has originated and led $2+ billion of transactions, with equity tickets typically USD 5m–300m, debt USD 10m–500m+, real estate finance USD 20m–500m+, and fund placements for funds of USD 50m–1bn+.

Use the enquiry form, email ck.adya@matchpoint-partners.com, or call/WhatsApp +971 52 345 1119. Every mandate is led by a partner from the very first conversation.

Yes. Matchpoint runs discreet, confidential processes and discloses client identities only under a signed non-disclosure agreement (NDA).

Interested in lp-led secondaries?

Tell us your requirement and a partner will respond personally.

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