• Sapphire Capital Partners' November 9, 2026, analysis puts optimal PISCES secondary sales at roughly £5 million to £30 million.
• Transactions below £2 million to £3 million rarely justify the cost and effort; operator fees start around £15,000 annually.
• Only a small number of transactions have completed across approved platforms, though recognized corporate venture investors and institutions are increasingly participating.
• Some European and US investors seek £10 million to £20 million investments, while family offices may take £2 million to £3 million.
• PISCES provides liquidity for existing shareholders rather than new company capital; listed companies can still raise primary funding.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sapphire Capital Partners LLP published the original content used to generate this news brief on November 09, 2026, and is solely responsible for the information contained therein.