The Private Fund Forward Exchange
Gain synthetic exposure to a fund or an index exchanging its yield versus cash or other types of return.
Buy or sell a fund or an index at an agreed price with future settlement.
Buy or sell the right to transact on a fund or an index at an agreed price.
De-risk a private fund portfolio by hedging a single fund or an index.
Monetize by selling ‘out of the money’ contract.
Get more efficient execution on long or short private fund positions with cash-settled derivatives.
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.
The private markets have sporadic liquidity and no efficient way for investors to hedge or transfer risk. XTAL’s PRIFFE offers GPs, private market intermediaries and investors, an unprecedented set of solutions within an established capital markets framework to bridge this gap.
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