#United States #New York #private credit #Percent #Secondary Markets

Percent Launches Secondary Markets to Enhance Private Credit Liquidity

In a significant move to advance the private credit industry, Percent has unveiled its new Secondary Markets feature, aimed at providing investors with more liquidity and efficient infrastructure. This innovative addition is set to revolutionize the $2.1 trillion private credit market, which is projected to see continued growth over the coming years. Since its inception in 2018, Percent has facilitated billions of dollars in transactions, and this latest launch marks another step towards modernizing access in this niche financial sector.

The introduction of Secondary Markets allows investors to express interest in buying and selling eligible private credit positions, thereby addressing one of the biggest challenges in this domain: illiquidity. By offering the necessary infrastructure, Percent empowers investors to exit positions, rebalance portfolios, and effectively manage their investment durations. As private credit assets under management (AUM) have seen remarkable growth, surpassing $2.1 trillion in 2024, the need for a robust secondary marketplace has never been clearer. Analysts forecast that this figure could double to $4.5 trillion by 2030, underscoring the importance of addressing liquidity challenges.

Sellers benefit from the new feature by gaining greater control over their portfolios, allowing for strategic adjustments in response to market shifts. Buyers, in turn, gain access to previously out-of-reach opportunities, including seasoned deals that come with real performance data and shorter durations, thus enhancing risk management and portfolio diversification. Nelson Chu, the founder and CEO of Percent, emphasizes the significance of this development, stating, "Private credit will never trade like public markets, but investors deserve better tools than ‘lock it up and wait’.”

The Secondary Markets feature operates directly within the Percent platform, allowing investors to submit non-binding offers to buy or sell positions in eligible private credit deals. Once all parties agree to the final terms, Percent facilitates the transactions seamlessly. This structure reflects the true nature of private credit, where liquidity is meticulously managed, and pricing remains transparent. It’s designed to align with the needs of investors while maintaining the necessary oversight for managers, ensuring that all transactions receive consent from involved parties.

Over its operational years, Percent has syndicated more than $2 billion across over 1,000 private credit deals. The Secondary Marketplace will hone in on these specialized private credit opportunities rather than venture into public securities. This focused approach ensures that all participants are accredited and verified, further enhancing the reliability of the trades conducted through Percent.

The company invites both new and existing investors to explore the possibilities offered by the Secondary Markets feature, which maintains rigorous standards for transparency and data integrity. Interested parties can get started by visiting Percent’s designated webpage for Secondary Markets. Importantly, transactions will be processed through Percent Securities, LLC, a recognized U.S. broker-dealer, ensuring compliance with relevant regulations.

Through the launching of Secondary Markets, Percent is setting a new benchmark in the private credit landscape, paving the way for more efficient capital management and improved liquidity solutions. With its commitment to advancing private credit infrastructure, Percent is poised to continue its role as a leader in this burgeoning sector, ultimately serving the needs of all market participants more effectively. For more details, investors interested in this innovative feature can explore Percent's website.

Disclaimer: Percent is not a registered Alternative Trading System (ATS). All secondary transactions processed through Percent Securities, LLC, a U.S. registered broker-dealer, and member of FINRA and SIPC.