Glossary

”Dry powder” refers to undeployed capital raised by institutional buyers intended to acquire illiquid assets. 

“Secondaries” refers to the purchase and sale of illiquid assets between limited partners and institutional buyers.
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“Liquidity” refers to the ability of limited partners to sell illiquid assets in the secondary market.

“Liquidity Solutions” refers to services provided to limited partners or fund managers seeking to monetize full or partial liquidity in their illiquid investment portfolios.

‍“General Partner (GPs)” refers to the entity responsible for managing a fund, making investment decisions, and overseeing its operations. The GP earns fees and a share of the profits from the fund's investments.

‍“Limited Partners (LPs)” refers to passive investors in a fund who provide capital but have limited liability and no involvement in the fund’s day-to-day management. 

‍“GP-Led Liquidity” refers to services provided to general partners of funds who are seeking to monetize their illiquid holdings or offer underlying limited partners the opportunity to monetize their illiquid positions in the GP-managed fund.

‍“LP-Led Liquidity” refers to services provided to limited partners of funds who are seeking to monetize their illiquid holdings.

‍“Buy-Side Advisory” refers to services provided to institutional buyers to target and acquire specific illiquid assets from limited partners.