Image credit: SecondaryLink

MeltX, a platform designed to facilitate the sale of illiquid fund holdings, has exceeded $1 billion in funds listed ahead of its first auction scheduled for June 2025. 

According to the firm, the substantial volume of funds listed prior to the inaugural auction highlights the trust and confidence LPs have placed in MeltX's model and its ability to deliver optimal outcomes.

The platform, accessible only to institutional investors and their advisors, offers:

• Extended reach. By aggregating a wide range of secondary opportunities, MeltX maximises deal exposure by connecting more sellers with more buyers

• Efficient processes. MeltX's technology streamlines the due diligence, bidding and transaction processes. This reduces time, costs and complexity for both sellers and buyers

• Enhanced transparency. By providing a centralised platform for secondary transactions, MeltX contributes to greater market transparency

"Reaching over $1 billion in funds listed ahead of our first auction is a testament to the need for a dedicated platform to help UK institutional investors looking to unlock liquidity from their private markets allocations," said Stuart Hanson, Co-founder of MeltX. "We are thrilled by the strong initial response from all stakeholders and look forward to facilitating successful transactions in our upcoming quarterly auctions."

MeltX's LP-centric approach aims to address the specific needs and complexities of LP-led secondary sales, offering a one-stop-shop for buyers of these transactions. The platform's technology and auction format are designed to provide best execution while minimising the time and resources required for LPs to achieve their liquidity objectives.

With the platform opening for buyers to view listings from 6 May, the inaugural MeltX auction will feature a diverse range of fund interests across asset classes, predominantly in infrastructure, private credit and real estate.