Navigating the Architecture of Complex Capital
Financial markets operate in two distinct realities: the visible liquidity of listed exchanges and the opaque, fragmented universe of non-listed assets. Metafina specializes in the latter. We engineer liquidity where standard market mechanics fail, providing institutional-grade acquisition and capital injection for assets that defy conventional valuation models.
Whether navigating the regulatory complexities of suspended funds or structuring bespoke transactions for illiquid portfolios, our mandate is precision. We do not offer generic solutions; we construct specific pathways to unlock value.
Key Mechanisms
Terminology used in structuring complex asset transactions.
Illiquidity Discount Capture
The strategy of acquiring assets below intrinsic value due to market inactivity, holding until liquidity events normalize pricing.
Suspended Fund Resolution
Direct negotiation with fund administrators to purchase positions in funds that have halted redemptions or trading.
Institutional Liquidity Injection
Providing immediate capital against locked portfolios, allowing institutions to rebalance or meet obligations without forced firesales.
Bespoke OTC Structuring
Custom over-the-counter agreements for assets that possess no secondary market, relying on fundamental analysis.
"The standard market infrastructure was not designed for the unique constraints of non-listed or suspended assets. Metafina operates outside these constraints, sourcing liquidity for the segments that institutional algorithms ignore. Our focus is exclusively on the transactional 'how'—not the theoretical 'why'."
Acquisition Mandates:
Beyond Public Liquidity
Standard acquisition models break down when assets become invisible to the broader market. We step in with a valuation methodology based on asset fundamentals, not fluctuating market sentiment.
Start a Mandate InquirySuspended & Delisted Securities
Pricing positions in funds suspended due to liquidity freezes or regulatory inquiries.
When funds halt redemptions, investors are often left with positions marked to model rather than market. Metafina evaluates these assets based on the underlying portfolio holdings and the specific legal constraints of the suspension. We structure acquisition offers that account for the time-value of capital and the probability of a resumption event, providing liquidity today rather than waiting for administrative resolution.
Private & Pre-IPO Stakes
Valuing equity in companies with uncertain exit timelines.
Private equity assets are illiquid by nature. For limited partners needing liquidity or funds rebalancing mandates, selling these stakes on the secondary market often incurs heavy discounts. Metafina acts as a direct counterparty, acquiring blocks of pre-IPO or private equity stakes. We underwrite the intrinsic value of the company, not the speculative premium, allowing for a fair exit strategy for investors seeking to unlock capital.
Institutional Portfolio
Unlock Mechanisms
Institutional portfolios often hold significant value in assets that cannot be liquidated quickly without impacting the market price. This "locked liquidity" creates drag on performance metrics and restricts agile asset allocation. Metafina provides structural solutions to this problem.
Unlike traditional margin lending which relies on liquid collateral, our liquidity provision is asset-agnostic. We assess the aggregate value of a distressed or illiquid bundle and provide capital against it. This enables institutional clients to meet capital calls, restructure debt, or pivot strategies without liquidating their high-conviction illiquid holdings at a discount.
Target Asset Classes
- Distressed Debt Tranches
- Non-Performing Loans (NPL)
- Litigation Finance Claims
- Real Estate SPVs (Non-traded)
The Metafina Execution Standard
Avoiding the common failure modes of complex asset transactions.
Reliance on Stale Net Asset Values
Many funds value illiquid assets using outdated models or last-known trades. Metafina stress-tests these valuations against current market realities, preventing overpayment for assets that have fundamentally de-rated.
Neglecting Regulatory Triggers
Acquiring stakes in suspended entities often triggers specific disclosure requirements or change-of-control clauses. We identify these friction points before execution to ensure clean transfer of title.
Deep Fundamental Underwriting
Unlike distressed funds that rely on binary outcomes (recovery vs. write-off), we perform deep forensic analysis on the underlying asset cash flows. Our pricing reflects the probability of a specific recovery scenario, not a general market sentiment.
Speed of Liquidity
Time kills deals, especially in complex asset sales. Our internal capital committees allow for rapid decision-making. We can issue non-binding indications of interest (IOIs) within 48 hours of receiving a sanitized asset summary, enabling swift negotiation.
Specialized Asset Sectors
Commercial RE SPVs
Non-traded property vehicles with locked capital structures.
Litigation Portfolios
Claimant side funding receivables and verdicts.
Infrastructure Debt
Private credit instruments for utility and data projects.
Access Specialist Capital
Metafina operates as a confidential counterparty. Initial inquiries are handled directly by our execution desk to ensure strict adherence to NDA protocols and asset sensitivity.