How It Works
Our platform operates as a bulletin board with deal desk facilitation. All transactions require manual review and issuer consent.
Our Model: Bulletin Board + Deal Desk
TrancheBook operates as a passive bulletin board where sellers can list private company equity holdings, and eligible investors can express indications of interest. We do not provide automated matching, order books, or instant trade completion.
Our deal desk reviews all indications of interest, screens participants, and facilitates discussions between buyers and sellers. All transactions are manually reviewed and require explicit approval before proceeding.
This model ensures compliance with EU/EEA regulations and provides appropriate safeguards for all parties involved.
For Investors
After completing investor profile submission and eligibility review, approved investors can browse curated private company equity listings. All listings show availability subject to issuer approval.
Investors can express an indication of interest for a listing. This is not an order, bid, or binding commitment. It is a request for the deal desk to facilitate an introduction and discussion.
Our deal desk reviews the indication of interest, screens the investor for eligibility and compliance, and facilitates discussions between buyer and seller. The deal desk may request additional information or documentation.
If both parties agree to proceed, the deal desk creates a transaction record and initiates the issuer consent process. All transfers are subject to issuer approval and ROFR requirements. The platform facilitates documentation and settlement coordination.
For Sellers
Sellers create a holding record specifying the company, share class, and quantity. Supporting documentation is required for verification by the platform.
Once the holding is verified, sellers can create a listing with quantity, price guidance (optional), and visibility settings. The listing is reviewed and approved by the platform before becoming visible to eligible investors.
The deal desk reviews indications of interest from investors, screens them for eligibility, and facilitates discussions. Sellers are not shown competing interests directly; the deal desk provides mediated summaries.
When a transaction is agreed, the platform initiates issuer consent and ROFR processes. All transfers require issuer approval. The platform coordinates documentation, settlement, and cap table updates.
Key Points
No Automated Matching
All transactions require manual review and approval by our deal desk. There is no automated matching or instant trade completion.
Issuer Consent Required
All transfers are subject to issuer consent and ROFR requirements. No transaction proceeds without proper approvals.
Indications, Not Orders
Investors express indications of interest, not binding orders. All discussions are facilitated by the deal desk.
No Liquidity Guarantee
There is no guarantee that listings will result in transactions or that liquidity will be available. All investments carry risk.