Founders
and former founders
With post-exit liquidity, often deploying proceeds into investments outside their previous sector or as portfolio diversification away from public-market exposure.
Individual investors.
The platform handles eligibility, onboarding, and ongoing administration. Investors decide on each investment individually.
Who this is for.
The common factor across the investor base is the capacity to evaluate an investment on the materials provided and decide on it independently, without requiring the structure of a fund or the administrative infrastructure of a family office.
With post-exit liquidity, often deploying proceeds into investments outside their previous sector or as portfolio diversification away from public-market exposure.
Whose compensation has produced concentrated stock holdings, looking for direct private exposure to balance an overweighted public position.
Law, accounting, and consulting partners particularly those whose firms include carry, profit sharing, or deferred compensation accustomed to evaluating businesses through their professional work.
Managing their own portfolios outside the formal family office structure, looking for direct deal access without the family office infrastructure overhead.
Particularly in surgical specialties, radiology, and other high-compensation fields, building diversified portfolios outside practice income.
With secondary liquidity through employee share programmes, structured secondary sales, or post-vesting positions in publicly listed companies.
Why this fits.
Funds deliver diversification and outsourced sourcing at the cost of per-deal discretion, a double layer of fees, and a fund-cycle exit timeline that the investor does not control.
The trade-off is concentration. A single investment is 100% concentrated to the underlying asset by definition. Investors building exposure through per-investment co-investment do so by committing across multiple investments over time, accepting that each individual position carries the risk of the underlying asset without portfolio offset within that position.
The minimum commitment to any SPV is $100,000. The typical
floor is $250,000. The platform handles eligibility verification,
investment access, capital calls, and distributions. Eligibility
requirements vary by jurisdiction and are confirmed during platform
onboarding before any investment is shown.
United States
Accredited investor under SEC Rule 501 $1M+ net worth excluding primary residence, $200K+ individual income or $300K+ joint income across the prior two years with reasonable expectation of continuation, or qualifying professional credentials.
United Kingdom
Sophisticated investor or high-net-worth investor self-certification under FCA rules.
European Union
Professional client status under MiFID II, or qualifying high-net-worth declaration under local rules.
Singapore
Accredited investor S$2M+ net assets or S$300K+ annual income.
Hong Kong
Professional investor HK$8M+ portfolio.
Australia
Wholesale or sophisticated investor under Corporations Act s.708 A$2.5M+ net assets or A$250K+ income for the prior two years.
United Arab Emirates
Qualified investor under DIFC, ADGM, or SCA frameworks per the investor's location.
Switzerland
Professional client or qualifying high-net-worth declaration under FinSA.
Other jurisdictions
Equivalent regulatory thresholds; eligibility established during onboarding.
Evaluating an investment.
This includes the commercial diligence, financial diligence, legal and tax structuring, reference work, and the terms on which the firm itself is invested. The materials are the firm's own underwriting file, not a marketing summary.
The investor's decision is whether to commit to the specific investment on the basis of the firm's work and any incremental review the investor wants to conduct. Investors typically
evaluate the firm's underwriting independently, may consult their own advisors, and decide within a defined response window typically two to three weeks from investment introduction.
The platform makes the diligence materials available for review during the response window. Investors may submit questions through the platform; the firm responds with structured
answers visible to all co-investors on the same investment. There is no information asymmetry between investors on the same opportunity.
Typical response window
Two to three weeks
From investment introduction to commitment decision
What investors receive
Full underwriting file
Structuring rationale and terms
Firm's ownership form
Q&A visible across investor base
Reporting and administration.
Investors receive capital call notices when capital is required with structured payment instructions, distribution notices when liquidity events occur with structured payment processing, quarterly performance reporting per position, annual audited financials where the SPV structure requires audit, and tax reporting in formats compatible with US K-1 reporting, UK self-assessment, Australian distribution reporting, and other major jurisdictional requirements.
The investor's decision is whether to commit to the specific investment on the basis of the firm's work and any incremental review the investor wants to conduct. Investors typically
evaluate the firm's underwriting independently, may consult their own advisors, and decide within a defined response window typically two to three weeks from investment introduction.
The firm does not require investors to manage administration externally. Investors interact with the platform; the firm runs the underlying work, the audit relationships, the tax filings, and the position administration through the holding period.
What the platform handles
Eligibility verification
Capital call processing
Distribution processing
Performance reporting (quarterly)
Annual audited financials
Tax reporting per jurisdiction
Position administration through hold

The firm's economics.
Its position takes one of three forms. The first is cash co-
investment alongside investors on pari passu terms, with the firm's capital at risk on the same basis as the investor's. The second is equity at the cap table, directly in the underlying asset, on terms structured for the investment. The third is carried economics, a share of investor returns above an agreed hurdle, paid only when investors receive returns beyond the threshold.
The firm does not charge placement fees, ongoing management fees, or other event-based fees that are structurally common
in fund and agency models. The economic alignment is structural the firm earns when the investor earns, on the same basis.
The principles behind this approach are set out in Why We Own.
Risk and concentration.
Capital committed to an investment is not redeemable; it is returned through the natural liquidity events of the underlying position, which may run from three to ten years depending on the investment. There is no secondary market for SPV positions outside structured secondary investments; investors must be prepared to hold each position through its full lifecycle.
A single investment is 100% concentrated to the underlying asset. Investors do not receive portfolio diversification within a single position. The expected approach for investors building exposure through this channel is to commit selectively across multiple investments over multiple years, building diversification at the investor's portfolio level rather than within any individual position.
The firm's underwriting work establishes the basis for each investment shown, but no investment is risk-free. Investors must be capable of bearing the loss of any single investment's committed capital. The platform's eligibility framework is designed to confirm that capacity at onboarding; investors should also evaluate their own portfolio context before committing.
Structural realities
Illiquidity
3–10 year typical hold per investment
No redemption; returns through liquidity
events
Concentration
Each position 100% concentrated to
underlying asset
Diversification built through portfolio construction
Capital at risk
Each investment can lose committed
capital
Eligibility framework confirms capacity at onboarding
Engage.
The platform handles eligibility verification, investment access, and ongoing administration. The firm does not engage with
individual investors outside the platform structure. Onboarding takes approximately fifteen minutes for eligibility verification; access to current investments is available immediately on completion. .