The Secondary Market
 
The growth in private equity market has led to a corresponding increase in secondary market activity. There are numerous reasons why private equity participants sell existing partnership interests.
 
Montauk Partners is operating in a unique area within the secondary market. While it offers capital to support large transactions, its focus is the acquisition of smaller partnership interests.

Reasons for Selling a Partnership Interest
 
The Montauk funds were organized to commit private equity capital to the secondary market. Sellers of private equity partnership interests are motivated by a need to:

• Dispose of illiquid assets.
• Transfer future capital commitments to a reputable, substitute Limited Partner.
• Eliminate or reduce the managerial task and overhead associated with monitoring limited partnership interests.
• Reallocate assets into new areas as investment and liquidity objectives change.
• Manage partnership assets in a more active manner as with other investment portfolios.

What Montauk Partners Offers to Sellers
 
The Montauk funds were organized to commit private equity capital to the secondary market. Sellers of private equity partnership interests are motivated by a need to:

• We are responsive. We are able to quickly provide valuations because of the extensive experience of our principals. Acquiring secondary interests is our primary business.

• We seek to provide the highest bid. Our experienced partners seek to obtain the highest bid to the seller based on a comprehensive, bottom up review of the partnership interest.

• We submit firm bids. We make a proposal that is firm during the period prior to closing.

• We assist in the transfer process. We are very experienced in transferring partnership interests conforming to the necessary investment, tax, and legal requirements of the original agreements.

• We are discreet. As an independent entity focused exclusively on partnership secondaries, we operate with complete discretion for the confidentiality of the seller and the underlying partnership assets.