FOR ATTORNEYS & TRUSTEES
Alternative Investment Liquidity works with attorneys, trustees, executors, and other authorized representatives handling illiquid client, trust, or estate holdings—including non-traded REITs, DST interests, private funds, partnerships, private placements, non-traded BDCs, and interval funds. Our Confidential Investment Review considers ownership registration, representative documentation, repurchase provisions, transfer requirements, and potential buyer interest to help inform estate and trust administration decisions.
Holdings We Review
Alternative Investment Liquidity provides Confidential Investment Reviews for attorneys, trustees, executors, and other authorized representatives handling illiquid client, trust, or estate holdings. Explore the categories and directories below. Each review considers ownership registration, representative documentation, repurchase provisions, transfer requirements, and potential buyer interest.
Public and private non-traded real estate investment trust positions held by individuals, trusts, estates, or other ownership entities.
Delaware Statutory Trust interests, including holdings acquired through 1031 exchanges, with investment-specific transfer and sponsor requirements.
Private funds, limited partnerships, and LLC interests spanning real estate, land, energy, development, and operating businesses.
Regulation D offerings and other privately held client, trust, or estate investments, including infrastructure and project-based interests.
Fund positions requiring review of periodic repurchase terms, acceptance limits, ownership registration, and transfer restrictions.
Business development company shares requiring review of repurchase provisions, transfer eligibility, documentation, and potential buyer interest.
Attorneys, trustees, executors, and fiduciaries frequently encounter illiquid alternative investments that create unique valuation, transfer, administration, and distribution considerations. AIL provides a Confidential Investment Review to help evaluate ownership structure, documentation, transferability, current buyer demand, and potential liquidity pathways for complex trust, estate, and client holdings.
Executors and estate attorneys may need to value, administer, transfer, or distribute illiquid alternative investments as part of probate or estate settlement.
Trustees may evaluate liquidity alternatives when managing trust assets, addressing beneficiary needs, planning distributions, or responding to changing trust objectives.
Beneficiaries may inherit non-traded REITs, DST interests, limited partnerships, private placements, or other illiquid investments they do not wish to retain long term.
Attorneys and trustees may need to understand transfer requirements, valuation factors, available liquidity alternatives, and transaction considerations when administering complex investment holdings.
Attorneys, trustees, executors, and fiduciaries often encounter illiquid alternative investments that create unique ownership, valuation, transfer, administration, and distribution considerations. AIL provides a Confidential Investment Review to help evaluate potential liquidity pathways while supporting trust administration, estate settlement, and fiduciary decision-making.
Alternative investments may require review of account statements, subscription agreements, transfer records, trust documents, estate records, and ownership history.
Many investments include sponsor approval procedures, transfer restrictions, purchaser qualifications, and documentation requirements that must be satisfied before a transfer can occur.
Potential transaction value may depend on investment structure, underlying assets, sponsor information, transferability, position size, and current secondary market demand.
Trustees and fiduciaries may need to understand available liquidity alternatives, transaction requirements, timing considerations, and documentation before determining how to administer an illiquid holding.
Attorneys and trustees often contact AIL when administering estates, managing trusts, evaluating inherited investments, addressing beneficiary distributions, resolving legacy holdings, or reviewing illiquid alternative assets held within fiduciary accounts.
AIL reviews investment-specific factors, ownership documentation, transfer requirements, current buyer demand, and other market considerations to help attorneys and trustees understand potential liquidity pathways. Fiduciaries remain in control of trust, estate, and client matters throughout the Confidential Investment Review and, where applicable, transaction process.
AIL works with attorneys, trustees, executors, and fiduciaries through a structured Confidential Investment Review focused on ownership structure, available documentation, transferability, sponsor requirements, current buyer demand, and potential transaction feasibility.
Provide basic information regarding the investment, ownership structure, trust or estate context, approximate position size, and available supporting documentation.
AIL reviews ownership records, investment structure, sponsor procedures, transfer restrictions, purchaser qualifications, and other applicable documentation requirements.
The position is evaluated for current buyer interest, valuation considerations, transfer feasibility, timing, and other potential liquidity pathways.
If a potential liquidity option is identified, AIL discusses available terms, documentation, transfer requirements, timing considerations, and possible next steps.
Answers about inherited holdings, representative authority, documentation, and potential sales during estate or trust administration.
Selected holdings may be considered for purchase by Baron De Biltmore, LLC, an affiliated buying entity. AIL supports the review and transaction coordination process. AIL is not a broker-dealer or investment adviser, and a review does not guarantee an offer.
Yes. Attorneys, trustees, executors, and other authorized representatives can request a review of inherited or estate-held alternative investments. The review considers the exact holding, account registration, available ownership records, transfer requirements, and potential buyer interest.
A death or change in ownership does not by itself establish that a holding can be sold or redeemed. Applicable issuer, sponsor, and custodian requirements must be confirmed for the specific position.
AIL reviews non-traded REITs, DST interests, private funds, limited partnerships, private placements, non-traded BDCs, interval funds, and other illiquid alternatives, including energy and infrastructure investments.
Research specific holdings in our REIT Directory, find trust programs in the DST Directory, or browse selected funds and partnerships in the Private Fund & Partnership Directory . Inclusion does not establish transfer eligibility or buyer availability.
The required signer or signers depend on the current ownership registration, governing documents, representative authority, and applicable issuer or custodian requirements. Being a beneficiary or making the initial inquiry does not by itself establish authority to sign.
The attorney or responsible fiduciary should confirm the appropriate capacity and any required approvals. AIL can help coordinate requests for the documentation needed by the parties processing the transaction.
An initial discussion can begin with the investment name, approximate shares or units, account type, and the representative’s role. Client-identifying documents and sensitive personal information are not needed for that discussion. You can contact AIL with basic holding details.
If further review is warranted, requested documents may include ownership records, a recent statement, relevant trust documentation, a death certificate, court appointment documents, or issuer transfer forms. Requirements vary by holding, registration, and the institutions involved. Confirm the submission method before sending documents.
Yes. Begin with a list of investment names, approximate position sizes, and ownership or account types. Each holding is evaluated individually, and purchase interest, pricing, documentation, and transfer timing may differ between positions.
An inquiry about multiple holdings does not require the estate or trust to sell them as a package.
No. A purchase offer represents what a particular purchaser is willing to pay under the proposed terms. It is not an independent appraisal, an estate valuation, or a determination of tax basis. It may differ from statement value, reported NAV, or original cost.
Our guide to NAV, capital accounts, tax basis, and sale price explains these distinctions. The responsible legal, tax, and valuation professionals should determine what is required for estate administration and reporting.
Begin with basic holding details and omit account numbers, Social Security numbers, and other sensitive information. Client, beneficiary, estate, or trust names can be left out of the initial discussion. Confirm the submission method with AIL before sending supporting documents and obtain any required authorization.
Information provided to AIL is handled as part of a Confidential Investment Review. Submit only the information relevant to the requested review.
Tell AIL about any administration, distribution, or other deadline at the outset. Review timing depends on the holding and available information. Completion also depends on representative authority, documentation, signatures, approvals, and issuer, transfer agent, or custodian processing.
AIL cannot guarantee completion by a particular date. Visit How It Works for an overview of the review and potential transaction process.
No. Purchase interest depends on the investment’s condition, transfer restrictions, sponsor requirements, purchaser qualifications, ownership documentation, position size, pricing, and other transaction-specific factors. AIL does not guarantee a purchase, another buyer, or an alternative exit.
No. An inquiry or review does not commit the owner, estate, or trust to sell. The authorized decision-makers and their advisors can consider any proposed terms and applicable responsibilities before deciding whether to enter into a purchase agreement.
Proposed terms identify the purchaser, purchase price, applicable fees or deductions, and conditions for completion. The authorized representative can review expected net proceeds, documentation requirements, and available alternatives with the appropriate advisors before deciding whether to proceed.
If accepted, AIL helps coordinate the required documentation and transfer steps. Transfer and payment follow the purchase agreement, subject to applicable approvals and requirements.
If a trust, estate, beneficiary, or client holds a non-traded REIT, DST interest, limited partnership, private placement, or other illiquid alternative investment, AIL can provide a Confidential Investment Review focused on ownership structure, documentation, transferability, current buyer demand, and potential liquidity pathways.