The new offering gives GPs a structured way to create investor liquidity with greater transparency on buyer selection, pricing, and timing, according to the private credit-focused firm.
The firm's flagship Cox Retail Secondaries Fund I is offering to purchase up to $2.5 million of Variant Alternative Income Fund shares at a 40% discount to October 26 NAV.
Eligible shareholders can borrow up to 65% of NAV on positions of at least $1 million while continuing to seek fund repurchases.
In an exclusive interview with SecondaryLink, Co-Founder Thomas Dadashi discusses the firm's specialist approach, first investment, and plans to deploy over $50 million over the next 12 months.
The equity management platform is expanding into private market liquidity, with plans to develop a secondary marketplace for company-approved transactions.
AltConvey's Rohan Rajpal examines how AI-native systems could transform LP-led secondary execution, moving beyond individual task automation toward integrated transaction management.
The London-based startup aims to address private credit's fund-level liquidity, which remains constrained by available cash and redemption terms.
The Utah-based company raised $2 million in a pre-seed round led by New Stack Ventures.
The firm will offer liquidity solutions to institutional LPs and GPs, with a focus on credit strategies.
"Private credit will never trade like public markets, but investors deserve better tools than 'lock it up and wait," said Nelson Chu, Founder and CEO of Percent.
