What is GigaStar Trading?
The secondary-market infrastructure described in the Fund materials. Confirm the operating legal entity, registrations, eligible instruments and current trading access during diligence.
What is the Fund's relationship with GigaStar?
The supplied materials describe GigaStar as the Fund’s issuance, distribution and secondary infrastructure partner. Confirm the scope of the relationship and service arrangements during diligence.
What is an ATS?
An alternative trading system: an SEC-regulated venue that matches buyers and sellers of securities outside a national exchange. It operates under Regulation ATS and is run by a registered broker-dealer.
How does secondary liquidity reach LPs?
The Fund may seek to sell underlying positions on a secondary venue. This is separate from repurchasing LP interests. A buyer, sale price or active market is not guaranteed. After a 36-month lock-up, investors may request repurchase through quarterly tenders, subject to limits, an audit holdback and the offering documents. A request does not guarantee payment or timing.
Is secondary liquidity guaranteed?
No. There is no guarantee of an active or liquid secondary market. Sellers may not find a buyer, and the sale price could be much lower than the amount invested.
Terms used here
More questions
- Creator revenueWhat the asset is, where the cash comes from, and how it is verified.
- CRTs & revenue shareThe instrument the Fund acquires and how it is issued.
- Tokenization & RWAsA settlement technology, stated precisely.
- Regulation & eligibilityWho can invest, and under which exemptions.
- GeneralThe vehicle, what it owns, and why it is permanent.
- InvestmentEligibility, minimums and how NAV is set.
- Proceeds and redemptionsDistributions, tender and the risk of loss.