Palico

Family offices holding private equity fund stakes face a structural disadvantage in the secondary market: smaller position sizes attract fewer bidders, access to buyers is limited without an established broker network, and the process of finding a fair price is opaque. Palico addresses this directly as a regulated Alternative Trading System (ATS) and FINRA-member broker-dealer, purpose-built for LP-led secondary transactions. The platform gives sellers access to a network of 2,000+ buyers and generates a competitive multi-bidder process without requiring the seller to reveal their identity until the binding offer stage.

For family offices considering the platform, the workflow is fully digital from listing through to binding bid. Key steps include:

• Uploading proof of ownership and fund documents into an encrypted virtual data room
• Receiving and reviewing non-binding bids from pre-vetted buyers who have signed an NDA
• Progressing selected buyers to LOI and binding offer stages while remaining anonymous
• Closing directly between counterparties, with Palico outside the transaction itself

Palico also offers a Palico Price Indicator tool that uses AI and machine learning to generate estimated price ranges for fund positions before listing, which gives sellers a reference point before committing to a process. Transaction sizes range from $500K to $150M+, and the platform explicitly covers single LP stakes, portfolios of LP stakes, and select co-investment interests.

Pricing is not publicly disclosed, and Palico does not act as a transaction intermediary or hold client funds, so legal execution and closing costs sit outside the platform. The platform requires accredited investor status and is structured for institutional and professional LPs, meaning ultra-high-net-worth individuals are admitted only on a case-by-case basis. Family offices with a consistent need to manage PE portfolio liquidity will find it more useful than those with one-off or infrequent secondary activity.

• Listing and selling LP fund stakes in the secondary market
• Sourcing and bidding on secondary LP fund positions as a buyer
• Running a competitive multi-bidder process for LP stake sales
• Conducting due diligence via encrypted virtual data room
• Obtaining pre-listing price estimates for private fund positions
• Supporting GP-facilitated LP liquidity programs

• Regulated Alternative Trading System (ATS) infrastructure for LP-led secondaries
• Anonymous seller and buyer workflow until LOI stage
• Encrypted virtual data room with redacted documents for due diligence
• End-to-end encrypted messaging module for counterparty communication
• Multi-bidder competitive process for fund stake sellers
• Palico Price Indicator AI-powered price range estimation tool
• KYC/KYB compliance with sanctions screening and accredited investor verification
• Deal flow alerts based on buyer investment preferences
• NDA execution integrated into buyer access workflow
• Support for single stakes, LP portfolios, and select co-investment interests

Built for Single Family Office (SFO), Multi Family Office (MFO), Investment Teams, Fund Managers.

Contact form and direct email available; compliance team handles KYC onboarding

Sign-up form completable in under five minutes; compliance team validates identity, accredited investor status, firm verification, beneficial ownership, and sanctions screening