Our Process

Our process is designed to help us efficiently determine a fair value for your investment. Unfortunately, the valuation metrics you may have received from the deal sponsor or general partner (in a K1 or annual report, for instance) are often based on cost accounting or tax rules and can vary significantly from fair market value.

After an introductory call where we learn about the history of your investment, our process is generally as follows:

Initial Document Review. We will set up a data room and ask you to provide any documents you have related to the investment, including:
Original partnership documents
All periodic reports and investment updates
Distribution history
All K1s and other tax documents
Term Sheet. This will include a cash offer price along with any remaining conditions or due diligence requirements.
Introduction to the General Partner or Deal Sponsor. Most private partnerships require approval from the GP for any LP transfers. We like to involve the GP early in our process to ensure they will cooperate with the sale.
Full Document Due Diligence. Depending on the complexity of your investment, we may need to do a more detailed document review prior to closing. This will be explained in our Term Sheet.
Transaction Documentation. This typically includes a Purchase and Sale Agreement along with whatever documents are required by the GP.
Closing. Transaction timing often depends on things outside our control such as the cooperation of the GP or their legal counsel, but we are committed to keeping our closing timelines as short as reasonably possible.