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    Nasdaq Fund Secondaries | General Partner Solutions

    Supporting GP-led Secondary Transactions

    The NFS platform facilitates GP-led liquidity events for General Partners looking to offer a more streamlined approach for their investors.

    A Platform Built for Secondaries

    NFS supports sponsor-led transactions to provide a structured, efficient liquidity option to investors. Through our managed service model, NFS allows GPs to choose the solution that achieves their goals – with an experienced, trusted partner. 

    Tender Offers

    Our purpose-built platform supports the GP throughout the process, from buyer diligence and LP elections through payment and settlement.

    Our purpose-built platform supports the GP throughout the process, from buyer diligence and LP elections through payment and settlement.

    Fund Restructurings

    Enable efficient sell/roll election, document execution and payments through a single workflow.

    Enable efficient sell/roll election, document execution and payments through a single workflow.

    Single Asset and Strip Sales

    Gain real-time transparency into the deal process, enabling proactive management to achieve desired outcomes.

    Gain real-time transparency into the deal process, enabling proactive management to achieve desired outcomes.

    Structured Liquidity

    Offer a regular cadence of liquidity opportunities to LPs through a centralized, streamlined application.

    Offer a regular cadence of liquidity opportunities to LPs through a centralized, streamlined application.

    Why GPs Partner With Us

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    Efficiency Through Innovation

    NFS streamlines the execution of the GP-led transaction process, centralizing otherwise fragmented and operationally burdensome steps. Communicate with LPs, access documents in a virtual data room, collect LP elections, manage agreement execution and more on our customizable platform.

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    Transparency for LPs

    Offer LPs a view into offer details and deal progression. LPs can see capital account information, transaction timelines and can submit elections through a single platform. 

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    Buyer Management

    NFS collects comprehensive data to apply cutback and under subscription rules. Through the platform, buyers can electronically sign a letter of intent or offer letter up to the commitments designated before the election process begins.

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    Transaction Oversight

    Sponsors can utilize the admin portal for granular insight into the progress of the transaction, including a dashboard showing which LPs have accessed the platform, and each step they take from submission to settlement.

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    Allocations, Agreements & Payment

    We work with the GP, legal counsel and advisor to facilitate the final settlement. Closing packages are sent to GPs, and individual results are viewable to all participants on the platform. As a paying agent, NFS may wire payments to LPs on behalf of the GP or Buyers.

    Nasdaq’s Embedded Liquidity Feature

    What It Is

    A liquidity solution that allows for periodic hosted auctions, giving LPs structured access to the Secondaries market. 

    • Offers a full-scope liquidity solution that fund sponsors may provide to LPs  

    • Enables GPs to run periodic auctions through the NFS platform during a fund’s lifetime 

    • Provisions may be written into the PPM/LPA of the fund 

    • AUM-based fee is charged to the fund. No transaction fee is charged to LPs 

    A liquidity solution that allows for periodic hosted auctions, giving LPs structured access to the Secondaries market. 

    • Offers a full-scope liquidity solution that fund sponsors may provide to LPs  

    • Enables GPs to run periodic auctions through the NFS platform during a fund’s lifetime 

    • Provisions may be written into the PPM/LPA of the fund 

    • AUM-based fee is charged to the fund. No transaction fee is charged to LPs 

    How It Works

    Nasdaq facilitates the end-to-end auction process from onboarding to bid collection, contract execution and paying agent services. 

    • SSO connection with the NFS platform simplifies the LP experience 

    • GPs can set auction parameters and timing 

    • Nasdaq introduces buyer groups to GPs, who can approve, deny or add buy-side participants 

    • GPs may choose to be actively involved, or take an arms-length approach 

    Nasdaq facilitates the end-to-end auction process from onboarding to bid collection, contract execution and paying agent services. 

    • SSO connection with the NFS platform simplifies the LP experience 

    • GPs can set auction parameters and timing 

    • Nasdaq introduces buyer groups to GPs, who can approve, deny or add buy-side participants 

    • GPs may choose to be actively involved, or take an arms-length approach 

    Contact Us

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