Caruso’s Secondary Market feature enables investors to unlock liquidity and diversify their portfolios. If your fund manager has enabled this feature, you can view active listings and place bids directly in the Investor Portal.
Step 1: Access and View Secondary Market Listings
Log in to the Investor Portal
Go to the Trade tab to view all available secondary market listings
Browse the list of active opportunities
Click View to see more details about a specific listing, including fund information, key metrics, the number of units on offer, and the seller’s Asking price per unit
Step 2: Place a Bid
On the listing’s detail page, select the investing entity you wish to bid as from the Choose your investing entity dropdown. If the entity you need does not exist yet, select Add new investing entity
Enter your Bid price per unit. Your bid is for all of the units in the listing, so the order value is your bid price multiplied by the number of units on offer
Click Continue
Review your order carefully, then click Confirm
Note: If the investing entity you select already has an open buy order on this listing, you'll see a message letting you know it's already been submitted, and that you'll be notified when the status updates.
Order Review and Next Steps
You will receive a Buy order received email, and your bid appears in the Orders tab with the status Requested
Your fund manager reviews the bids on the listing with the seller
If your bid is accepted, you will receive a Buy order approved email with payment instructions, and your order moves to Awaiting transfer. Pay the seller as instructed
Once the seller confirms payment, your fund manager transfers the units to your investing entity. You will receive a Unit Transfer Notice, your order moves to Completed, and the holding appears in your Portfolio
If another bid is accepted instead, your order is cancelled and you will receive a Buy order not fulfilled email
Points to Remember
Your bid applies to all advertised units in the listing
Payment is made directly to the seller, outside the Investor Portal, using the instructions in your approval email
To withdraw a bid, or if you need more information, please contact your fund manager
If you have any questions or need help at any stage, please contact your fund manager for support.