A Practical Guide to Private Secondary Transactions
04/21/2026Private Secondaries lets you turn any thesis into a fully formed, allocatable index. Instead of choosing between thousands of off-the-shelf funds—each built by someone else, for someone else—you can now build an index that reflects your view of the market.
But like any powerful system, the quality of the output depends on the quality of your input.
This guide walks through how Private Secondaries interprets your prompt, how the underlying evaluation agents work, and how to write prompts that produce the most accurate, expressive indices. We’ll also cover how to refine and iterate on your market instrument using follow-up instructions.
Whether you’re building your first “AI-filtered African Markets Composite Index-100” or exploring something more experimental—like “founder-led companies with improving margins”—this guide will show you how to get the most out of Private Secondaries.
How the Transaction Works
When you submit a prompt, Private Secondaries dispatches a swarm of AI evaluation agents that work in parallel—researching and screening thousands of listed equities against your criteria simultaneously. This isn’t a keyword search or a simple filter. The agents are evaluating companies on the same kinds of qualitative and quantitative dimensions a research analyst would consider: sector fit, financial metrics, growth trajectory, and more. The result is a fully formed index, built to your spec, in a fraction of the time it would take to do it manually.
Once your index is generated, the process doesn’t stop there. You can backtest your market instrument against benchmarks like the African Markets Composite Index® to see how it would have performed historically—giving you a clearer picture of its return profile, volatility, and diversification before you commit a single dollar. And if the first output isn’t quite right, you can refine it with follow-up prompts: tighten the criteria, swap out holdings, adjust weightings, or push the thesis in a different direction entirely. The index is yours to shape.
What makes Private Secondaries different from any screening tool or off-the-shelf fund isn’t just the technology—it’s the creative control. You’re not selecting from a pre-approved list of strategies. You’re expressing a view. The more clearly you can articulate what you’re looking for—and what you’re not—the more precisely the AI can translate that view into a book worth trading in. That’s what this guide is designed to help you do.
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