Fintech Sekond has launched a free liquidity monitoring tool that it says will boost advisors’ ability to provide advice to their clients at a critical juncture for private markets.
Sekond, which is a private markets intelligence platform, notes that, while private market investments such as private credit, real estate, and infrastructure, have become more widely available to individual investors, many of the investments are offered through structures that offer limited opportunities for withdrawals, such as interval funds and non-traded REITs.
As a result, the timing of withdrawals can depend on factors that are not always easy to see or understand, according to Sekond. The fintech also pointed to recent redemption restrictions across a number of high-profile funds that have brought this issue into sharper focus.
“What we are doing is basically giving advisors a free platform that they can log into,” Sekond CEO Rasmus Goksor told InvestmentNews. “Really, it’s trying to help advisors, empower them in that conversation with their clients – it’s essential for them.”
The tool monitors semi-liquid funds that invest in the private markets and encompasses private credit funds, REITs, tender offer funds and interval offer funds.
A shortfall around private market data has been flagged in recent years, with the issue even impacting fund managers. Last year research from CSC and Pure Profile found that almost half of limited partners said they are not receiving the level of detailed performance reporting need for informed decision making.
“As private credit, unlisted REITs and other private market investments have become more accessible to individual investors, the industry has had to evolve in how it communicates about liquidity,” said Kevin Clifford, retired Chairman and CEO of American Funds at Capital Group, in a statement provided by Sekond. “Advisors can no longer rely on periodic updates or assumptions about redemption availability - they need timely insight to guide client decisions responsibly.”
Sekond was founded by Goksor and launched in November 2024. Goksor is also the co-founder of the private equity tech startup Cobalt, which was acquired by Hamilton Lane and FactSet in 2021.
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