The Problem The Solution The Team The Outcome Apply FAQ
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LP Stakes Liquidity

Selling a private fund stake
is notoriously hard.

Not anymore! We run the process. You own the decision.

$1.5B+Transactions advised
500+Qualified buyers globally
25+Years in secondary markets
GlobalCoverage across all geographies
Sequoia Capital KKR Andreessen Horowitz Blackstone Accel Carlyle Group Index Ventures Apollo Global Lightspeed Warburg Pincus General Catalyst CVC Capital Partners Balderton Capital BC Partners Atomico Permira Tiger Global Cinven Insight Partners PAI Partners Bessemer Venture Partners Ardian Benchmark Bridgepoint Greylock General Atlantic Founders Fund EQT Khosla Ventures Advent International HV Capital Apax Partners Partech Bain Capital Eurazeo Vista Equity Partners Sofina Silver Lake NEA Thoma Bravo GV Nordic Capital Sequoia Capital KKR Andreessen Horowitz Blackstone Accel Carlyle Group Index Ventures Apollo Global Lightspeed Warburg Pincus General Catalyst CVC Capital Partners Balderton Capital BC Partners Atomico Permira Tiger Global Cinven Insight Partners PAI Partners Bessemer Venture Partners Ardian Benchmark Bridgepoint Greylock General Atlantic Founders Fund EQT Khosla Ventures Advent International HV Capital Apax Partners Partech Bain Capital Eurazeo Vista Equity Partners Sofina Silver Lake NEA Thoma Bravo GV Nordic Capital
Selling a private fund stake has always been hard. That was by design. For the first time, there is a better option.
The Problem

The market wasn't built for you. Until now.

Over the past decade, individual investors, founders, and family offices gained access to some of the world's best private equity and venture capital funds. The returns have been real. The problem comes when you want to exit.

The exit infrastructure was built for large institutions with $30M+ positions. Below that threshold, your options have historically been limited to one: find a buyer yourself, accept whatever they offer, and hope the price is fair.

It usually isn't.

Without a structured process, you have no independent view of what your stake is worth. You have no competitive tension between buyers. You have no professional managing the operational complexity of the transfer.

ClearingStakes was built specifically for this gap — bringing the same institutional process that large advisors apply to $100M mandates, now accessible for stakes from $1M.

01

The large advisors won't take your call

Traditional secondary advisors require mandates of $10M or above. If your stake is smaller, you have been invisible to them.

02

One buyer means one price — theirs

A single approach produces a single data point. That is not a market price. It is one buyer's return requirement applied to your asset.

03

You don't know what it's worth

Secondary market pricing is not public. Without an independent assessment, you cannot know whether any offer you receive is fair, low, or deeply discounted.

04

The process is complex

GP consents. Transfer restrictions. Right of first refusal. NDA management. Legal documentation. For a first-time seller, the operational complexity alone is enough to kill a transaction.

Not sure what your position is worth?

That is where we start. No cost. No commitment at this stage.

Apply to see if you qualify
The Solution

From submission to closing.

ClearingStakes delivers one thing: a binding offer from a real buyer, at the best price the market will pay for your position.

You describe your stake. We handle everything else — independent assessment, buyer outreach, competitive process, negotiation. You receive an offer and decide whether to accept.

1

You submit your position details

Fund type, vintage, approximate NAV, objectives. Five minutes. We respond within 48 hours with an honest view on whether your position qualifies.

2

We conduct an independent assessment

We review your fund documentation and form an independent view of current market value. You receive a clear picture of where your position sits relative to reported NAV.

3

We approach 500+ qualified buyers simultaneously

AI-powered matching identifies which buyers in our network have current appetite for your specific asset type, geography, and vintage. They compete. You benefit.

4

You receive a binding offer

Not an estimate. Not an indication. A real offer from a qualified buyer at the best price competitive tension has produced. You review it. You decide.

5

We close

If you proceed, we manage legal documentation, GP consents, and the closing process end to end. You receive the proceeds.

How we work together.

Three ways to engage — from an initial assessment to a full competitive process. All enquiries start the same way.

Assessment

Understand your position

For sellers who want to know what their stake is worth before deciding whether to proceed.

  • Independent position review
  • Market value assessment
  • Buyer appetite analysis
  • Written summary of findings
Apply to see if you qualify

Bespoke

Complex situations

For portfolio sales, GP-led processes, and structured liquidity solutions requiring tailored design.

  • Everything in Full Process
  • Portfolio structuring and segmentation
  • GP consent coordination
  • Preferred equity solutions
  • Tailored process design
Contact us to discuss

Fees are discussed during the eligibility assessment and set out in the formal engagement agreement. There is no cost at the enquiry stage.

The Team

Bulge-bracket investment bank-grade process. Accessible from $1M.

The secondary market has existed for institutional investors since the early 2000s. The processes, the models, the buyer relationships — they were built for mandates starting at $30M.

Our team spent decades inside that infrastructure — at the private capital advisory divisions of leading global investment banks and alternative asset managers, advising on over $1.5B in secondary transactions across LP-led and GP-led structures globally.

ClearingStakes packages that experience into an AI-assisted process that makes the economics work for positions from $1M. The same analytical rigour. The same buyer network. The same outcome — a competitive, binding offer. Now available to the stakeholders the large advisors have always turned away.

Team background: bulge bracket private capital advisory divisions · top-tier alternative asset management · leading secondary investment firms · global emerging markets coverage
A track record of firsts
2002

First LP stake transaction

At a time when the secondary market for fund interests barely existed, we completed our first transaction — establishing the practice that is now mainstream.

2008

First NAV financing

Pioneered NAV-based financing structures to provide liquidity without requiring an outright sale — a structure now widely used across the industry.

2010

First GP-led transaction

Advised on one of the earliest GP-led secondary transactions in Europe — a structure that now dominates secondary market activity.

2012

First continuation vehicle

Structured one of the first continuation vehicles in the European market — giving LPs a liquidity option and GPs a path to extend high-performing assets.

2026

ClearingStakes launches

The same institutional process, made accessible to LP stakeholders from $1M — for the first time.

The Outcome

What the process delivers.

$1.5B+Transactions advised
30+Completed transactions
25+Years in secondary markets
500+Qualified buyers in network
"

I had been sitting on a €800K position in a 2017 fund for two years. I had no idea what it was worth or who to call. ClearingStakes came back within a week with an independent assessment that surprised me. We closed four months later.

LP investor, France

Closed in 4 months
"

The process was completely hands-off for me. I submitted my documents, received updates at each stage, and eventually had a choice of two offers. I did not know that was even possible at my ticket size.

Former founder, Germany

Multiple competing offers
"

I had one conversation with a buyer who offered me 60 cents on the dollar and told me that was the market. ClearingStakes ran a process and we closed at 81 cents. I did not know the difference until I had a benchmark.

Family office principal, UK

35% pricing improvement
Get Started

Find out if your stake qualifies.

Submit an initial enquiry. We respond within 48 hours — at no cost and with no commitment on either side.

01

Describe your position

Fund type, vintage, approximate NAV. Five minutes.

02

We assess and respond

Within 48 hours. Honest view on eligibility, no charge.

03

Engagement agreement

If you qualify and wish to proceed, we formalise the engagement before starting.

Are you an active secondary buyer?

Join our network to access curated deal flow before it reaches the wider market.

Join our buyer network
FAQ

Questions worth asking.

You have probably never done this before. Here is exactly how it works.

Speak to the team
How do I know if my stake qualifies?+

Submit an initial enquiry using the form on this page. We review every submission and respond within 48 hours with an honest assessment of your position and whether it meets our selection criteria. There is no cost at this stage and no commitment required.

What is the minimum stake size?+

We work with LP stakes from $1M in NAV. Below this threshold, the economics of a structured advisory process become difficult to justify for all parties. If your stake is below $1M, we are happy to provide an informal assessment and point you towards appropriate alternatives.

What types of fund interests can I sell?+

We work with single LP fund interests, portfolios of LP interests, co-investment positions, and preferred equity structures. Asset classes include venture capital, private equity, growth equity, and real assets. Complex and structured situations are a core part of our practice.

How long does the process take?+

Getting to a first price indication takes days. A binding offer from a qualified buyer takes weeks. Completing the transaction typically takes 3 to 5 months in total, depending on complexity. We set a defined timetable at the outset and manage to it.

Why does a competitive process matter?+

One buyer produces one price — theirs. Thirty buyers competing for your position produces a market price. The difference between a bilateral approach and a structured competitive process is typically significant. That difference is the value ClearingStakes delivers.

Will my GP find out I am exploring a sale?+

We manage confidentiality carefully throughout. Your identity is not disclosed to prospective buyers until a confidentiality agreement is in place. Where GP consent or right of first refusal notice is required, we advise on timing and approach to minimise market signal.

Do you work with GPs as well as LPs?+

Yes. We work with GPs running LP tender processes, continuation vehicles, and structured liquidity events. Contact us directly to discuss.

What are your fees?+

Fees are discussed during the initial eligibility assessment and set out in the formal engagement agreement. There is no cost at the enquiry stage and no commitment required. We work on a success fee basis — nothing is payable unless a transaction completes.

How long does the process take?+

Getting to a first price indication takes days. A binding offer from a qualified buyer takes weeks. Completing the transaction typically takes 3 to 5 months in total, depending on complexity. We set a defined timetable at the outset and manage to it.

Will my GP find out I am exploring a sale?+

We manage confidentiality carefully throughout. Your identity is not disclosed to prospective buyers until a confidentiality agreement is in place. Where GP consent or right of first refusal notice is required, we advise on timing and approach to minimise market signal. We have managed sensitive secondary processes across emerging markets, continuation vehicles, and complex fund structures where discretion was paramount. Confidentiality is structural, not incidental.

How does AI improve the process?+

Secondary market pricing has always favoured buyers — they hold proprietary data on hundreds of comparable transactions. Sellers rarely do. ClearingStakes uses AI to close that gap: analysing fund characteristics, comparable transactions, and current buyer appetite to produce an independent assessment before any buyer sees your position. Better information means better pricing.

Do you work with GPs as well as LPs?+

Yes. We work with GPs running LP tender processes, continuation vehicles, and structured liquidity events. Contact us directly to discuss.