As a valued Percent investor, we invite you to participate in the beta launch of our new secondary trading service allowing select investors to buy and sell outstanding investments. This service provides a level of liquidity that has been historically unavailable in private credit markets. Percent will act as an intermediary facilitating these secondary trades by matching buyers with sellers.
If you are interested in buying or selling a position in any eligible outstanding deal, please complete this Order Form by indicating the deal, size, and price you are willing to pay or receive. The deadline to submit an Order Form is Tuesday, October 10th, 2023 at 12:00 PM ET.
Offerings eligible for secondary trading will be:
- Currently outstanding and not in a work-out or charge-off state
- Outstanding for at least 30 days prior to the settlement of any secondary trade
- A broadly syndicated offering (Bespoke Blended Notes are ineligible)
- A borrower note program with at least $1,000,000 outstanding in aggregate
For your convenience, you may download a .csv file of eligible offerings here.
An updated order form was published on October 19, 2023. This page is retained for historical records. View the latest order form here.