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How does Jasper's Secondary Market work?
How does Jasper's Secondary Market work?

This article explains how the Secondary Market works mechanically

C
Written by Christian Lambert
Updated this week

Jasper's Secondary Market is a marketplace that connects prospective buyers and sellers.

Funds are typically opened up for trading on Jasper's Secondary Market once the fund is fully allocated and a first full valuation of assets is complete.

We expect these liquidity windows will generally take place twice a year, following the release of the latest quarterly report. ​Jasper may change the liquidity window dates of a Secondary Market at any time at our discretion.

Buyers will have the opportunity to review information on the fund including returns history, key metrics, quarterly performance updates, and any recent offer documentation from previous capital raises. You can also contact Jasper directly with any questions.

It is important to note that there is no guarantee that you will be able to exit your investments on the Secondary Market or at what price an exit (if any) will be achieved.

Market Mechanics

Sellers can list some or all of their holdings on the Secondary Market. Buyers then have the opportunity to bid on these sell orders. Jasper will present any bids to the seller for their consideration.

If a seller accepts a bid, Jasper will advise the buyer of the sale. The buyer then has a period of time (typically three business days) to transfer those funds to Jasper's trust account.

Once received, funds are then transferred to the seller. Simultaneously, holding ownership is transferred to the buyer and will show in their investor portfolio on the Jasper platform.

Fees:

Sellers are charged 2% of the total matched amount (based on the matching unit price, and the number of matched units). We currently offer zero secondary market transaction fees on buy orders.



More information:



Important Disclaimer:

There is no guarantee that you will be able to exit your investments on the Secondary Market or at what price an exit (if any) will be achieved. Units will not be listed on any public securities exchange.

Investments offered by Jasper should be considered illiquid.

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