secondaries

Analyze and price PE secondary transactions with NAV-based valuation and risk assessments.

2|Updated Mar 26, 2026

Search Tags:#risk-management #valuation #lending #private-equity #secondary #nav-analysis #continuation-vehicles

Ready to run

npx skills add https://github.com/tmcga/alpha-stack --skill secondaries

💬 Prompt for ChatGPT / Claude Chat▼

Please help me install this Agent Skill.
Skill: secondaries
Source: https://github.com/tmcga/alpha-stack/tree/main/skills/secondaries
Command: npx skills add https://github.com/tmcga/alpha-stack --skill secondaries

SYSTEM DOCUMENTATION & REQUIREMENTS

What problem does it solve?

Private equity secondary transactions require rigorous NAV-based valuation, risk assessment, and structured deal design to unlock liquidity while protecting LPs and aligning GP incentives.

Core Features & Use Cases

NAV-based valuation of LP interests and fund portfolios
Modeling GP-led continuation economics and LP decision frameworks
Stress testing under discount/premium scenarios, unfunded commitments, and J-curve effects
Risk management and governance checks across vintages and structures

Quick Start

Run a baseline NAV-focused analysis on a hypothetical $500M LP fund with a 20% discount to NAV to illustrate expected IRR and MOIC.

Frequently Asked Questions about secondaries

High-intent search queries and answers about installing and using this skill.

FAQPage Schema

How do I value private equity secondary LP interest sales using NAV analysis?▼

PE secondary NAV analysis values LP interest sales by applying discount or premium scenarios to the fund's net asset value, modeling unfunded commitments and J-curve effects to project expected IRR and MOIC.

What is the best way to model GP-led continuation vehicle economics for LP decision frameworks?▼

Modeling GP-led continuation vehicle economics involves structuring the transaction terms, evaluating rollover options, and applying stress tests to assess risk-adjusted returns and governance alignment for LP decision frameworks.

How does NAV lending risk assessment work for private equity portfolios?▼

NAV lending risk assessment evaluates private equity portfolios by stress testing fund vintages and structures against market conditions, ensuring risk controls and governance checks protect liquidity and risk-adjusted returns.

Can I stress test PE secondary transactions for unfunded commitments and J-curve effects?▼

Yes, you can stress test PE secondary transactions by modeling discount and premium scenarios across fund structures, specifically accounting for unfunded commitments and J-curve effects to validate valuation and risk controls.

What discount to NAV should I use for a baseline private equity secondary analysis?▼

A baseline private equity secondary analysis can apply a 20% discount to NAV on a hypothetical fund to illustrate expected IRR and MOIC, establishing a foundational risk-adjusted return profile.

When do I need governance checks and risk controls for PE secondary transactions?▼

Governance checks and risk controls are needed for PE secondary transactions when evaluating GP-led continuations and NAV lending across varying vintages, ensuring LP incentives are aligned and market risks are mitigated.

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