Unlocking Value - Strategies for Maximizing Returns in Exit Events

Please join Morrison Foerster, Bernstein Private Wealth Management, and Valoo for a lunchtime program focused on maximizing value in private market exit events. Gain actionable insights on liquidity pathways, transaction structures, and tax optimization from industry leaders and innovators.

Program Overview

As private market participants navigate evolving market conditions and increasing pressure to deliver returns, understanding liquidity pathways and planning for exit events have never been more critical. Join us for a practical and forward-looking lunchtime program focused on maximizing value in liquidity events. Valoo, an innovator in data and liquidity solutions for private market assets, will also share insights on current trends and emerging opportunities in the secondary market.

Part I: Liquidity Options in the Private Market

• Key differences between M&A and secondary transactions
• Timing considerations for early- vs. late-state secondary sales
• Structures for secondaries, including direct transfers, tender offers, and hybrid models
• Advanced transaction designs: combined primary/secondary deals, synthetic secondaries, and preferred stock exchanges
• Tax implications of secondary sales: ordinary income vs. capital gains treatment

Part II: Strategies to Maximize Value in Liquidity Events

• Equity aware treatment in exit transactions: early exercise, acceleration triggers, and substitution mechanics
• Revested equity balancing retention and purchase price dynamics
• Earnout structures: managing risk around metrics, control, and litigation potential
• Tax optimization opportunities: QSBS eligibility, state residency planning, and estate planning considerations

Q&A and Networking

Following the discussion, we will open the floor to audience questions and then host a networking reception to continue the conversation.