What Happens When a Deal Lists on Tradable? A Walk-Through

The infrastructure for private credit transactions has long existed in email threads and Excel sheets. A manager with a position to sell would make a few calls, send documents to known contacts, and hope the right buyer happened to be in the market. There was no structured process, no competitive tension, and no visibility into who reviewed what or when.

Tradable replaces that with a purpose-built private credit marketplace. Learn how Tradable works, from first listing to selling for liquidity.

1. The Listings Feed

When an investor logs into Tradable, the first thing they see is a feed of live opportunities — private credit positions available for sale or co-investment. Deals include the information needed to determine relevance: deal size, structure, return profile, duration, and key terms. Initially, the identity of the originator and borrower are kept anonymous. Private credit participants do not reveal what they are selling or to whom, and Tradable respects that convention while still creating a functioning market.

Managers can choose to list a deal to the full Tradable network, or privately, restricting visibility to a specific set of invitation-only counterparties. Minimum investment sizes are calibrated to institutional participation — typically in the millions — keeping the network focused on the right buyer profile.

2. Requesting Access

When an investor identifies a deal worth exploring further, they submit a request for access. This initiates a formal process in which the investor identifies themselves to the originator, and if approved, executes an NDA that grants secure access to diligence materials.

3. Making an Offer

Once the NDA is signed, investors can review loan documentation, borrower history, repayment performance, underlying collateral, and supporting diligence materials — everything needed to underwrite a private credit position. 

Investors can then submit an indication of interest through the platform. Originators retain full discretion over allocation, deciding who they transact with and on what terms. Tradable provides the technology and the market; the principals make the decisions.

4. Portfolio Monitoring

For investors who have completed transactions on the platform, Tradable provides ongoing reporting of active positions. Cash flows, distributions, and payment schedules are tracked within the platform, eliminating the need to locate reporting from originators or maintain separate tracking systems. Pending investments and portfolio exposure are visible in one view.

5. Secondary Liquidity

Private credit has historically offered no exit before maturity. Tradable changes that. 

If an investor holding a position on the platform needs liquidity, they can submit a request directly through their portfolio dashboard. If the originator approves, the position becomes available in the marketplace, and the same process begins again. A new buyer requests access, signs an NDA, reviews the data, and makes an offer. Both the originator and the current holder must approve the transfer, maintaining integrity across the capital stack.

The result is a secondary process in a structured private credit marketplace environment that does not require cold calls or broker involvement. It is the same structured mechanism, applied to the transfer of an existing position rather than a new origination.

For Sellers: The Originator Dashboard

On the sell side, Tradable provides a full deal management environment. An originator listing a position can invite their own contacts directly or open the deal to the broader Tradable network. From a single dashboard, they can track who has requested access, who has signed NDAs, who is active in the data room, and where each potential investor stands in the process.

This replaces the ad hoc communication that has historically defined private credit deal management. The relevant parties, documents, and status updates are in one place, not scattered across inboxes.

Creating a Trusted Private Credit Marketplace

Every dollar of volume on Tradable passes through a process where buyer and seller found each other, diligence was conducted properly, and the transaction was executed in a structured, auditable way. This captures the essential features of a functioning private credit market.

See the platform in action with a Tradable demo: