Tap provides market infrastructure for the limited partner (LP) secondaries market, offering a platform that streamlines transactions, supplies real‑time and historical pricing data, and delivers sell‑side advisory services. Its deep bid‑ask and trade data, sourced from the world’s largest secondaries investors, enables institutions, fund managers, and secondaries funds to make informed liquidity decisions and improve investment outcomes.
Funding
$3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Limited‑partner (LP) investors and fund managers often lack timely, transparent pricing and efficient workflow tools for secondary market transactions, leading to slower liquidity decisions and suboptimal execution.
Solution
Tap provides a dedicated market infrastructure platform for the LP secondaries market that aggregates real‑time and historical bid‑ask and trade data from the world’s largest secondary investors. The platform delivers AI‑enhanced fundamental data on funds and underlying companies, enabling precise valuation and pricing. Integrated data rooms and multi‑party bidding software streamline the transaction workflow, support secure information sharing, and allow participants to compare bid structures in real time. Tap also offers sell‑side advisory services, helping users source deals, negotiate terms, and achieve best‑execution outcomes. By combining deep data, technology, and advisory expertise, Tap reduces friction and improves investment outcomes for participants in private‑market secondary transactions.
Target Audience
Primary users are institutional limited partners, general partners managing private‑equity funds, and dedicated secondaries funds that require accurate pricing, secure transaction workflows, and advisory support for secondary market deals.
Features
- Real‑time and historical market pricing data sourced from top secondary investors, including deep bid, ask, and trade histories
- AI‑driven extraction of fund‑level and company‑level fundamentals such as GP marks and capital structures, providing richer insight than competing datasets
- Vertically integrated data room with structured, multi‑party permissioning to securely store and share transaction information
- Multi‑round, multi‑party bidding engine that enables real‑time comparison of bid structures and automated workflow management
- Built‑in sell‑side advisory tools that assist in deal sourcing, pricing, and execution strategy
- API access for seamless integration of market data and transaction workflows into existing investment systems