Finding buyers for a secondary block or a co-investment allocation

Who the buyers are

Family offices, dedicated secondary funds, hedge and crossover funds, and accredited individuals and qualifying entities taking late-stage private positions at $250,000 and up per buyer. The network was built over more than thirty years in institutional equities, on both the buy side and the sell side. Because our positions come directly from the principals who hold them — not from the broker community — a buyer here expects to see something first, which is why they answer.

What the desk places

• A direct block — shares transferred on the company’s books, where its documents allow it.
• An SPV, single or double — the standard route when direct transfer is restricted, and for splitting a block across buyers or syndicating a co-invest allocation.
• A forward — economics now, title at a permitted transfer event.
• An LP interest — the fund position itself, with GP consent. More on LP liquidity.
• A co-investment allocation — capacity in your deal placed with LPs and family offices that take co-invests.

The process

1. 1Tell the desk what you are placing: the name, the size, the structure you hold it in, and any price guidance. A conversation, not a listing.
2. 2We confirm the transfer mechanics against the company’s or fund’s documents — ROFR, consent, what structure the trade needs — before anyone is shown anything.
3. 3The position goes to matched buyers without your name on it. You are not named until you agree to proceed.
4. 4Indications come back, usually within one business day for names the network knows. You decide whether and with whom to trade.
5. 5Documents, approvals and settlement run through the broker-dealer. The timeline from here is set mostly by the consent process.

What the desk needs from you

To start: the company or fund, the size, the share class or structure, your role (GP, sponsor, direct holder), any transfer constraints you already know about, and your timing. That is enough for an indication. Diligence materials come later, only if a buyer needs them and only with your say-so.

How we are paid

There is no fee to ask and no retainer. The fee on a brokered block is quoted on the file, in writing, before you commit, and is paid at close. Because the trade passes through no other intermediaries, there is one fee, not a chain of them.

Who you are dealing with

Premier Alternatives is an independent secondary brokerage founded in 2017, run by two principals — Greg Capello and Greg Capello Jr. — with securities transactions effected through FINRA-registered broker-dealers. Verify both representatives and both firms on FINRA BrokerCheck; the CRD numbers are on the about page.

Common questions

Who buys secondary blocks and co-invest allocations?

Family offices, dedicated secondary funds, hedge and crossover funds, and accredited individuals and qualifying entities, typically at $250,000 and up per buyer. A block can go to one buyer whole or be placed across several.

Do you place single-asset co-investment SPVs?

Yes. Single and double SPV structures are standard on the desk, alongside direct transfers, forwards and LP interests. The structure follows the company’s transfer rules and the seller’s situation, not the other way around.

Will the market hear that my block is for sale?

No. The position goes to matched buyers without your name on it, and you are not named until you agree to proceed. Fewer hands on the trade is the point: we deal with the decision maker on each side directly.

What does it cost?

There is no fee to ask and no retainer. The fee on a brokered block is quoted on the file, in writing, before you commit, and is paid at close.

How fast do indications come back?

For late-stage names the network knows, an indicative level usually comes back within one business day. The close itself is set mostly by the company’s or fund’s consent process.