Background

Trade Private Market Funds as if They Were Bonds

 

SWAP THE YIELD

TAKE ADVANTAGE OF NEW LIQUIDITY INFRASTRUCTURE.

The private markets have sporadic liquidity and no efficient way for investors to hedge or transfer risk. XTAL unlocks new ways to access and trade the private markets to meet the requirements of the private market industry participants seeking better price transparency and liquidity terms, lighter capital solutions and more efficient risk management instruments – as they prepare for broader distribution to retail and DC plans and for increased institutional regulation.

XTAL’s Markets offer GPs, private market intermediaries and investors, an unprecedented set of solutions within an established capital markets framework to bridge this gap.

Exploit the Fungibility of Private Fund Yield Derivatives

Trade the Forward Curve.

PRIFFE – THE PRIVATE FUND FORWARD EXCHANGE

Cutting through illiquidity.

XTAL has built the first private market fund and index derivatives exchange. By trading on PRIFFE, investors can access unprecedented liquidity, portfolio and risk management possibilities.

PRIFFE instruments give investors the possibility to actively adjust their private market allocations, in a symmetric or asymmetric way. By leveraging very efficient overlay transactions with the objective of managing risk or locking in returns, investors can respond to the challenges of the macro-economic conditions, without altering the composition of the direct portfolio.

RISK TRANSFER: A BROADER NOTION OF LIQUIDITY

  • Swaps

    Gain synthetic exposure to a fund or an index exchanging its yield versus cash or other types of return.

  • Forwards

    Buy or sell a fund or an index at an agreed price with future settlement.

  • Options

    Buy or sell the right to transact on a fund or an index at an agreed price.

  • Hedge

    De-risk a private fund portfolio by hedging a single fund or an index.

  • Generate Income

    Monetize by selling ‘out of the money’ contract.

  • Find Liquidity

    Get more efficient execution on long or short private fund positions with cash-settled derivatives.

NOTICE

Operations of the first Private Fund Forward Exchange will be starting soon.

Hit the form below to get notified. We won’t share your email with third parties.
Thanks for your interest!

    DISCLAIMER

    All investments involve risk, including the risk of loss of principal. You should carefully consider your investment objectives, risks, transaction costs and other expenses before deciding to invest in options, swaps or other investments. This is for information purposes only and does not constitute investment advice or an offer to sell or the solicitation of an offer to buy any security of any entity or for the services of XTAL Strategies. XTAL Strategies provides all information as part of a general information service and without regard to investors’ particular circumstances. For further information, institutional and professional investors may contact XTAL Markets Ltd. that is an appointed representative of Alpha Key Capital, which is authorised and regulated by the Financial Conduct Authority

    Copyright © 2022. All rights reserved.