Palico
Digital marketplace where qualified buyers and sellers connect directly and transact in private-capital fund interests.
palico.comPalico specializes in secondary transactions involving interests in private-capital funds rather than individual private-company shares. It connects LP sellers with qualified buyers across strategies, vintages, geographies and ticket sizes.
The marketplace emphasizes seller control, anonymity, direct buyer access, pricing transparency and digital transaction workflow. It also offers tools for GPs whose fund interests are listed by investors.
Principal activities
Listing and process tools for LPs seeking to sell private-fund positions.
Search, diligence and direct engagement with available fund interests.
Notifications and workflow for managers connected to listed fund positions.
- Typical participants: Limited partners, Secondary buyers, Private-equity managers, Venture-capital managers, Family offices, Institutional investors.
- Transaction context: Liquidity before a public exit, portfolio rebalancing, employee equity, private-company investment access, fund-interest transfers or structured capital solutions.
Palico operates in markets where securities are privately held, transfer restrictions may apply and price discovery is less standardized than in public markets. Its published capabilities emphasize lp-led sales of private-capital fund interests. View the firm’s website ↗
Client and transaction coverage
- Limited partners
- Secondary buyers
- Private-equity managers
- Venture-capital managers
- Family offices
- Institutional investors
- LP-led secondaries
- Single-fund sales
- Portfolio sales
- Buy offers
- Small-ticket fund interests
- Cross-border fund transfers
The availability and structure of any transaction depend on the security, shareholder rights, issuer consent, investor eligibility, jurisdiction, regulated entity and market conditions. Private securities are generally illiquid and may involve substantial risk.
Market position
Palico is positioned as a regulated private-fund secondaries marketplace. Its market role reflects the combination of lp-led sales of private-capital fund interests, participant access, transaction workflow and the regulatory framework applicable to its services.
Distinctive focus: A regulated, self-directed marketplace focused specifically on private-capital fund interests.
Competitive context
Palico competes with digital marketplaces, broker-dealers, fund-secondary advisers, investment platforms and private-market data providers. The relevant peer set changes according to asset type, investor eligibility, ticket size, geography, issuer involvement and whether the service is advisory-led, broker-led or self-directed.
Comparable firms are selected according to overlap in business model, participant segment, asset coverage, geographic activity and transaction profile. Inclusion does not imply an exhaustive competitor set or an equivalence in scale, ranking or market position.
Leadership
| Person | Current position | Institutional background |
|---|---|---|
| Antoine Dréan | Founder and Chief Executive Officer | Company strategy and private-fund marketplace |
| Alexis de la Tour | Business Development | European secondary-market development |
| Scott Mackinnon | Business Development | U.S. secondary-market development |
Leadership information reflects the roles presented in the public sources reviewed on 20 August 2026. View the current team ↗
Corporate and regulatory information
Palico states that it is a FINRA and SIPC member. Users transact subject to the marketplace terms and the regulatory requirements applicable to the relevant entity and jurisdiction.
View registered-entity details
| Registered entity | Palico LLC |
| Memberships | FINRA / SIPC |
| Regulatory status | Registered broker-dealer |
| Registration identifier | N/A |
| Primary jurisdiction | United States |
Principal offices
- Paris
- New York
Rankings and recognition
Ranking inclusion is editorially determined. The existence or maintenance of a Wiki profile does not influence ranking eligibility, tier or position.
Related institutions and subjects
Sources and data transparency
The following sources were accessed on 20 August 2026:
- Palico — marketplace model, users and regulatory status.
- For sellers — sale process and seller tools.
- For buyers — buyer access and transaction workflow.
- Advisory Ranking — Top 20 Secondaries & Liquidity Solutions Advisory 2026 inclusion and tier classification.
