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Buying a Position

Browsing & Viewing Listings​

How do I browse available positions?​

  1. Navigate to the Marketplace during an active Bidding Window.
  2. Click Buy on any fund to see available listings.
  3. Review each listing's details: fund name, NAV amount being sold, and indicative price (if displayed).

Consider the position size and how it fits your portfolio.

Listings are only visible during active Bidding Windows. Check how much time remains before the window closes.

Submitting a Bid​

How do I submit a bid?​

  1. Find the listing you want to bid on and click Make a Bid.
  2. Select your bid price (as a percentage of NAV).
  3. Click the Submit Bid button to confirm your bid for the position.

Review the adjusted purchase price based on post-reference date capital calls or distributions.

After submitting, you can track all your active bids from your buyer dashboard. You can submit bids on multiple listings simultaneously, and modify or withdraw bids before the seller awards.

Is my bid binding?​

The transaction is non-binding until you sign the legal documents. However, withdrawing after being awarded impacts the seller significantly, so please bid responsibly.

Responding to Counter-Offers​

What are my options when a seller counters my bid?​

When a seller counters your bid, you have three options:

Accept the Counter

Agree to the seller's terms and signal strong interest

Counter Back

Propose alternative terms that work better for you

Decline

Withdraw from this particular negotiation

To Counter Back:​

  1. Navigate to your dashboard.
  2. Click the My Offers tab to view your active offers.
  3. Click the Review Bids button.
  4. Find the bid you want to counter and click Counter.
  5. Enter your counter terms (adjusted price).
  6. Click the Submit Counter button to apply changes.

Remember: Even if you reach agreement through counters, nothing is final until you confirm your award and sign legal documents.

If You Win​

What happens if I'm awarded as the winner?​

When a seller awards you as the winner:

  1. Immediate Notification: You'll be notified immediately
  2. 2-Day Confirmation Window: You have 2 days to confirm your commitment
  3. Transaction Process: Once confirmed, you'll enter the Transaction Process

If you were selected as a backup buyer, you'll be notified if the primary winner withdraws.