Palico is an online platform that digitizes and streamlines the process of buying and selling limited partner (LP)-led secondary positions in private equity funds. The service is designed for institutional investors, fund managers, and other market participants seeking liquidity, portfolio optimization, or access to established funds. Palico provides a transparent, confidential, and efficient environment for listing, bidding, and closing transactions entirely online, with a focus on smaller fund positions that are often underserved by traditional secondary markets. The platform is FINRA-approved and supports global users, offering tools for both sellers (to list fund positions) and buyers (to submit buy offers), with integrated digital workflows for due diligence, bidding, and closing.

Key Features

Digital LP-Led Secondaries Marketplace A secure, end-to-end digital platform for LP-led secondary transactions.

• List and transact private fund positions globally.
• Designed for smaller fund positions often overlooked by traditional players.

Sell Offers Enables sellers to list fund positions with ease and security.

• Sellers can list positions, receive bids, and select buyers.
• Fully digital, streamlined closing process4.

Buy Offers Allows buyers to proactively state desired positions and pricing.

• Buyers list prices for specific fund positions.
• If a seller agrees, the transaction is initiated instantly and anonymously.

Integrated Digital Closing Automates the entire transaction process.

• Digital workflow: LOI, SPA, TA, escrow, and asset transfer.
• Reduces time and complexity compared to traditional methods.

Confidentiality and Security Prioritizes privacy and data security at every stage.

• Anonymized documentation and NDA-protected data rooms.
• Secure bidding and transaction environment.

Market Price Visibility Provides clear insights into the market value of fund positions.

• Transparent pricing and bid review dashboards.
• Access to real-time bids and offers.

Transparent Fee Model Success-based fee structure.

• 1% of the final agreed purchase price (minimum $15,000).
• Paid by the buyer, covered by the seller if necessary.

Benefits

Liquidity Creation Quickly access capital by selling private equity fund positions.

• Efficient way to meet liquidity needs or rebalance portfolios.
• Flexibility to crystallize returns and redeploy capital.

Portfolio Optimization Streamline and enhance portfolio management.

• Reallocate capital from underperforming or misaligned assets.
• Reduce administrative and financial burdens.

Access and Diversification Open access to established funds and broader asset exposure.

• Buyers can diversify portfolios across sectors and geographies.
• Opportunity to acquire interests in high-quality, closed funds.

Efficiency and Speed Accelerated, digital transaction process.

• Reduces negotiation time and manual paperwork.
• End-to-end workflow minimizes deal friction.

Market Transparency Clear, real-time market pricing and bid visibility.

• Sellers and buyers know market values before engaging.
• Transparent auction and selection process