Secondary transactions* provide liquidity for private investors.

Private investors can be locked away for ten years or more waiting for investee companies to achieve an IPO or a trade sale. During that time, new investors in the companies are unlikely to purchase existing shares. They want their new capital used as fresh working capital. By selling their stake to a secondary investor such as Jolimont Capital, existing private investors can achieve liquidity on their investments immediately. They are also released from any future commitments to provide follow-on capital.

Jolimont's direct secondaries mandate enables us to purchase portfolios of holdings, single company holdings, units in funds or debt instruments. The holdings can be majority or minority interests and the funding required can be a mix of secondary and primary funding.

Successful secondary transactions also offer positive outcomes for the portfolio companies, by providing a new active investor with the potential and motivation to invest further capital.

* A secondary investor is one that purchases existing shares, while a primary investor subscribes for new shares.