Secondary liquidity
Help LPs sell fund interests before the full VC fund lifecycle ends.
Private Fund Secondaries
Empowering Private Market Investors with
Venture capital is one of the main engines of Indian innovation—backing the companies that disrupt industries, create new markets and shape the future. Yet India’s private markets face two fundamental liquidity challenges: For LPs: Private market investments are long-duration, relatively illiquid and often lack the transparency available in public markets. For VCs: There are limited organised pathways to create liquidity from portfolio investments before traditional exits such as IPOs or acquisitions. AIF Secondaries is building the liquidity infrastructure to solve both. By connecting LPs, VCs, family offices, wealth managers and institutional investors, we aim to create an organised marketplace for LP Secondaries and Direct Secondaries in India. More liquidity. Better price discovery. Broader access to India’s private markets.
- VC funds listed
- 5
- Portfolio companies
- 55
- Buyer/seller fees
- 0
About us
Building liquidity infrastructure for LP secondaries
AIF Secondaries mission is to bring liquidity to Indian Private Markets. We help Limited Partners (LPs) discover post-close fund access, review fund context, and start confidential buy or sell conversations through a verified workflow. We also help VCs find liquidity for their startup assets.
Post-close access
Let qualified buyers enter funds after deployment has made the portfolio clearer.
Transparent context
Compare fund vintage, thesis, portfolio companies, NAV access, MOIC, and IRR.
Verified participation
Keep detailed fund information and transaction workflows behind investor onboarding.
For LPs - Smarter Access & Liquidity
- Missed a great fund? Invest even after the fund has closed.
- Want flexibility? Enter in Year 4, closer to the cash-flow phase, instead of locking capital for seven or more years.
- Need liquidity? Exit current holdings with a ready and reliable secondary-market partner.
For VCs - A Trusted Exit providing Partner
- Help LPs seeking cash returns liquidate while allowing strong portfolio companies more time to compound.
- Support a new fund raise by offering secondary liquidity for existing LPs.
- Use secondary liquidity as a vote of confidence that strengthens the next fund-raising pitch.
Why it matters
Infrastructure that backs the builders
Creating a thriving secondary market for LPs is not just a financial necessity. It is a catalyst for unlocking capital allocation to VCs at scale and accelerating the growth of India's startups.
What is an LP secondary transaction?
An LP secondary transaction is the sale or purchase of an existing Limited Partner's interest in a Venture Capital or Private Equity fund, allowing a seller to exit before the full fund lifecycle and a buyer to enter after the portfolio is known.
Who can sell on AIFSecondaries?
Existing LPs in venture capital funds, including family offices, HNIs, corporates, and institutions, can list fund interests subject to fund documents and GP consent.
Who can buy fund interests on AIFSecondaries?
Qualified investors including HNIs, family offices, fund-of-funds, institutional investors, and seasoned angels can buy LP interests after onboarding.
Why would an LP sell early?
Common reasons include portfolio rebalancing, liquidity needs, a changed view on the fund, or better alternative investment opportunities.
How do buyers benefit from LP secondaries?
Buyers can access top-tier VC funds post-close, enter during the value-realization phase, often buy at a discount to NAV, and shorten the typical lock-in period.
How is pricing determined?
Pricing considers NAV, portfolio performance, fund stage, distribution profile, and secondary-market supply-demand dynamics.
Do I need GP approval to transact?
Yes, most VC fund agreements require GP consent for secondary transfers. The platform coordinates this process and maintains GP relationships to facilitate approvals.
Is the process confidential?
Yes. Transactions are handled confidentially, and only verified interested parties can access specific fund information after the required diligence steps.
Does AIFSecondaries charge a fee?
No. AIFSecondaries does not charge a fee to either the buyer or seller.
Blogs
LP secondary insights
July 7, 2025
5 Myths About LP Secondaries - Busted
The world of venture secondaries is growing, but several misconceptions still slow down LP participation.
June 14, 2025
Why LP Secondaries Are the Missing Piece in India's VC Ecosystem
India's venture capital landscape is booming, and LP liquidity can unlock better capital allocation at scale.
Contact
Start a confidential LP secondary conversation
Buyers, sellers, and VC teams can begin through onboarding. The team can then route the request to the right workflow after verification.
founder@aifsecondaries.com
470, Sector 13, Pkt B, Dwarka, New Delhi - 110078