When a conventional sale is not the best answer
Some liquidity objectives are better solved through structure than through a full change of ownership.
Tangible can evaluate preferred equity and other structured liquidity alternatives alongside a traditional secondary sale, helping GPs compare immediate liquidity, retained upside, cost of capital and execution complexity before selecting a path.
Framework
Four steps from objective to execution
01Define the objectiveLiquidity, duration, retained upside, portfolio support or a combination.
02Assess structuresCompare a conventional sale with preferred or structured alternatives.
03Source capitalIdentify investors whose return and structural requirements fit the opportunity.
04Negotiate and executeCoordinate economics, governance, documentation and closing.