Updated:
Liquidity IQ
Founded in 2018 by Michael Gorodetsky, Liquidity IQ operates as a technology-driven secondary market specialist that buys limited partner positions in...
Liquidity IQ
Founded in 2018 by Michael Gorodetsky, Liquidity IQ operates as a technology-driven secondary market specialist that buys limited partner positions in private equity, venture capital, and real asset funds. Unlike broad secondaries platforms, the firm entered the market with a direct underwriting model and proprietary pricing software designed to deliver indicative bids on illiquid stakes within days of receiving data-room access. Liquidity IQ targets LP interests across buyout, growth equity, and real estate vehicles, concentrating on sub-$10 million transaction sizes that larger secondary funds overlook. The firm acquires interests through negotiated purchase agreements, often closing without a formal auction process. Activity spans North America and Europe, with a preference for positions in seasoned 2010–2018 vintage funds where remaining net asset value is concentrated in a small number of mature assets. Gorodetsky runs a lean structure with a small core team and relies on the firm's pricing engine to compress underwriting timelines. Liquidity IQ has not publicly disclosed total capital under management or cumulative deployment volumes. May 2024: The firm extended its standard indications window to include real estate LP positions, responding to a wave of institutional sellers seeking liquidity in open-end core funds (per public record). Liquidity IQ is structurally distinct from broker-dealer secondary desks and full-service GP-led continuation funds. It holds purchased positions on its own balance sheet for an indefinite timeline rather than aggregating them for immediate resale, which allows sellers to execute one-step exits without syndication risk or leakage to competing bidders.
General information
Firm type
Asset Manager
Year founded
2018
AUM
Undisclosed
Location
Region
North America
Country
United States
City
New York
Corporate office
New York, NY, United States
Principals
Michael Gorodetsky
Founder, Chief Investment Officer
Sector focus
Frequently asked questions
Who runs investment decisions at Liquidity IQ?
Michael Gorodetsky is the founder and Chief Investment Officer, running the firm's underwriting and portfolio construction decisions directly. The firm operates a concentrated decision-making structure around its CIO rather than a large committee model. Gorodetsky built Liquidity IQ specifically to compress the secondary transaction timeline using proprietary valuation modeling.
How does Liquidity IQ source deal flow?
Liquidity IQ sources primarily through direct relationships with limited partners, family offices, and wealth managers who hold sub-institutional-scale fund positions. The firm's value proposition is speed of indicative pricing, which functions as a sourcing funnel: sellers approach Liquidity IQ because they cannot get actionable bids from larger secondaries buyers for positions under $10 million. The firm does not typically compete in intermediated auction processes run by advisors.
Does Liquidity IQ target LP interests, GP-led deals, or both?
Liquidity IQ focuses narrowly on LP interest acquisitions — buying limited partnership stakes from existing investors. The firm has not been a participant in GP-led continuation vehicles or strip sales. It targets LP positions across private equity, venture capital, and real asset funds, typically in the $2 million to $10 million range, a segment underserved by large-scale secondaries platforms.
What is Liquidity IQ's holding model after acquiring a position?
The firm holds acquired LP interests on its own balance sheet rather than aggregating them for immediate resale or flipping to another buyer. This means sellers transact directly with a single counterparty that assumes full ongoing funding obligations and warehousing risk, without a secondary syndication step that could introduce information leakage or counterparty disruption.
How fast can Liquidity IQ provide an indicative bid?
Liquidity IQ's stated advantage is delivering indicative bids within days of receiving fund data-room access, a compression from the weeks or months that traditional tender offers and advisor-led secondaries processes require. The firm's proprietary pricing engine models the underlying portfolio company exposures and remaining net asset value to generate a bid without lengthy bottom-up underwriting. Final execution still requires a standard purchase agreement, but the initial price signal is purposefully rapid.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
Need institutional-grade insight on asset managers?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: