Services – Brant Street Capital

Brant Street Capital provides best-in class sell-side and buy-side advisory across all secondaries transactions

Sell Side

Buy Side

Sell Side

Strategic Planning

Initial Assessment:

Decision Point:

Pre-Marketing:

Marketing

Initial Marketing

Offer Evaluation

Final Marketing

Final Decision and Negotiations

Strategic Planning

Legal Documentation

Final Closing Steps

Strategic Planning

Initial Assessment

Decision Point

Pre-Marketing

Marketing

Initial Marketing

Offer Evaluation

Final Marketing

Final Decision and Negotiations

Closing

Legal Documentation

Final Closing Steps

Buy Side

Traditional Secondary Investors

Seeking to increase exposure to existing secondary portfolio

Strategic perspective on investor’s shortlist

Proactive & active approach

Strategic Planning

Limited secondary market experience

Minimal exposure to alternative investment funds or co-investment

Seeking to backfill vintage years

Strategic considerations on building a
portfolio via secondary market tools

Tactical asset mix and allocation

Traditional Secondary Investors

Increase exposure to existing secondary portfolio

Strategic perspective on investor’s shortlist

Proactive approach

Non-Traditional Secondary Investors

Backfill vintage years

Tactical asset mix and allocation

Brant Street Capital has expertise on a range of secondary market transactions

LIQUIDITY SOLUTIONS

Sale of limited partnership interests in illiquid fund investments, including single interests or a diversified portfolio of LP interests.

Rebalance portfolio to create liquidity

Crystalize unrealized gains

Divest non-core assets

Sale of single or a portfolio of limited partnership interests in fund-of-funds.

Avoid over-diversification and asset duplication

Minimize drag of multiple fee layers

Focus more on direct fund and company investments

Sale of partnership interest(s) in older vintage funds that are near or past the end of their original term.

Clean-up and simplify portfolio

Reduce administrative burden

Redeploy to higher returning investments

Sale of partnership interest(s) in recent vintage funds with a significant portion of the commitments yet to be called.

Minimize future funding obligations

Reduce number of GP relationships

Shift strategic focus

Bespoke liquidity and funding solutions backed by a portfolio of partnership interests or other directly held assets.

Retain upside & control

Generate interim liquidity

Accelerate Liquidity

Non-recourse loans and credit facilities collateralized by a fund or portfolio of assets.

Solve immediate liquidity needs

Additional upside

Distribute without divesting from assets

GP-Led liquidity offering to all LPs with no significant changes to current fund structure

Refresh LP base

Long-term LP relationship

Alignment of incentive structure

GP facilitates LPs selling or rolling their interest into a new vehicle with capital from new investors

Extend timeline to exit(s)

Provide current LPs with liquidity option

Align incentive structure

Sale of minority, direct ownership stakes in private companies,co-investments, illiquid public securities, loan portfolios, and custom financial instruments

Crystalize returns

Rebalance & de-risk

Non-core divestitures

Arm’s length transaction of contractual obligations for future funding

Access to institutional investors

Upside sharing with buyer

Maintain LP interest ownership

GP-sponsored buyback of LP stakes in the fund while mitigating potential conflicts of interest

Less resource commitments

Leverage potential carry

Clean up LP base

Periodic and coordinated company-sponsored offering to existing investors and employees

Pre-exit liquidity

Issuer-sponsored & approved

Cap table clean-up, mitigate share dilution

Spin-offs and Spin-outs of captive institutions (balance sheet investments, corporate strategic venture

Independent and expanded investor base

Additional capital

Improved alignment and economics