DHW Group is a small SPV that purchases secondary equity from current and former employees of late-stage private companies on a bilateral basis. Typical close window of 14–21 days following clearance of the company's right of first refusal.
We purchase secondary equity from current and former employees of late-stage private companies. That is our entire product.
If you hold vested equity in a private company and are exploring partial liquidity — for personal reasons, a new venture, or simple diversification — we may be able to transact directly. The process is bilateral, discreet, and built around your timeline. No marketplace listing, no auction, no public exposure.
Each transaction is a single counterparty arrangement: one seller, one SPV. We do not operate a marketplace, do not solicit on a platform, and do not list inventory publicly. Pricing and terms are negotiated privately on a per-transaction basis.
We focus on companies in artificial intelligence, fintech infrastructure, space and defense, cryptocurrency infrastructure, and developer tools. Within those sectors, our typical counterparties are individual employees and former employees rather than institutions or other funds.
Our process is bilateral and built around the seller's pace. Most transactions move from first conversation to funded close in 18–25 days.
A 15-minute introductory call. We learn about your situation, your equity, your timeline. You learn about our structure, our LPs, and how we transact. No commitment either side.
Following the call, we aim to provide a written indicative quote within 24 hours — including potential share count, indicative price, structural terms, and an estimated timeline. The quote is informational and non-binding; you are free to accept, negotiate, or decline without obligation.
If terms are accepted, we sign mutual confidentiality documents, capital is committed to escrow, and the company's right-of-first-refusal process is initiated. ROFR processes are typically 30 days, though specific timelines vary by issuer. We handle administrative coordination.
Following ROFR clearance, funds typically wire from escrow to seller and equity transfers to the SPV in accordance with executed documentation. Tax reporting (e.g., applicable IRS forms) follows in the normal course.
DHW Group LLC is a private investment vehicle organized as a Delaware limited liability company. DHW Group is not a registered broker-dealer, investment adviser, or marketplace. Capital invested through DHW Group is held in single-position special purpose vehicles ("SPVs") targeting specific private-company secondary equity transactions.
Within our focus sectors — artificial intelligence, fintech infrastructure, space and defense, cryptocurrency infrastructure, and developer tools — our typical counterparties are individual employees and former employees of the underlying private company. Each transaction is structured as a bilateral arrangement.
We are deliberately small, deliberately discreet, and operate exclusively on a bilateral basis. We do not advertise transactions, publish pricing, list inventory, or solicit through public channels. Engagement with prospective sellers and capital subscribers occurs through pre-existing relationships and direct introductions only.
Background and prior experience available upon request.
Background and prior experience available upon request.
Background and prior experience available upon request.
Marketplaces match anonymous buyers to anonymous sellers across hundreds of companies. We are a single counterparty operating bilaterally on a small number of companies we know well. Most sellers prefer this structure when the transaction is meaningful in size or when discretion matters.
The discount varies by company, by the vintage of the grant being sold, and by current market conditions for that specific stock. We discuss specific numbers only after the initial call, in writing, and with full context. We do not publish standardized pricing.
No. DHW Group operates as a principal — we use our LPs' capital and our own to purchase equity directly for our investment vehicles. We do not facilitate transactions between third parties for a fee, which is the function that would require broker-dealer registration.
Right-of-first-refusal is the issuing company's contractual right to match a third-party offer for its private stock. After you accept our quote, we send formal notice to the company. Most companies decline and the transaction proceeds. If the company elects to match, you sell to them on the same terms — and we move on. ROFR typically takes 30 days.
Yes. We can structure a transaction where the SPV funds the exercise cost and acquires the resulting shares simultaneously. This is more complex than a vested-share transfer but well within our standard process. The economics need to clear after factoring in the exercise cost and the seller's tax liability.
Use the contact form below or email us directly. We respond within one business day. The first call is exploratory — no documents required, no NDA required, no commitment.
If you have private-company equity and want to discuss partial liquidity, or you are an institutional partner interested in our SPV structures, send us a note. Discreet by default.