Private markets platform Percent has launched Secondary Markets, a tech-powered secondary marketplace available on Percent’s platform and via third parties who syndicate deals on Percent’s platform.
The firm said the new feature addresses the industry’s most persistent barrier – illiquidity – by giving investors the infrastructure to exit positions, rebalance portfolios, and manage duration.
The secondary marketplace is built directly into the Percent platform, allowing investors to submit non-binding indications of interest to acquire or sell positions in eligible private credit deals, with Percent facilitating transactions between issuers, buyers, and sellers once all parties agree to final terms.
Read more: CVC: Strong private credit demand despite tighter spreads
The feature is available to new and existing investors using Percent’s platform. The firm said that for sellers, Secondary Markets provides greater control to rebalance their portfolios, free up capital, or adjust strategies based on changing market views.
Meanwhile, for buyers, the firm said it will create access to previously unavailable opportunities, including seasoned deals with shorter remaining durations and real performance data, supporting improved diversification and risk management.
“Private credit will never trade like public markets, but investors deserve better tools than ‘lock it up and wait,” said Nelson Chu, founder and chief executive of Percent.
Read more: Saudi wealth fund unit pours more money into private credit
“Secondary Markets represent the next phase of our mission to modernise private credit infrastructure, bringing institutional-grade tools, realistic optionality, and transparency to an asset class that has historically lacked all three.”
“Secondary markets are a reflection of how private credit actually works,” added Prath Reddy, president of Percent. “Liquidity is measured, pricing is transparent, and every transaction requires sign-off from all parties. The structure aligns with investor needs while preserving the need for managers to maintain control.”
Private credit assets under management are projected to grow to $4.5tn by 2030, which has made the need for loan-level secondary liquidity “more apparent”, the firm said.
Read more: BlackRock: Private credit increasingly attractive for pension plans
