Our strategy

Secondary-style entry & active ownership of companies

Balto is built for situations that need more than traditional secondary solutions can offer. Selective by design, we engage only where outcomes can be influenced constructively with all involved stakeholders.

The challenge

Across private equity, capital is remaining invested longer than originally anticipated.

The result: LPs experience delayed distributions and increased opportunity cost. GPs manage mature portfolios with evolving priorities and constraints. Portfolio companies operate within fund structures that were not designed for extended ownership.

Traditional secondaries, GP-leds, and fund extensions often provide useful tools, but in more complex situations they do not sufficiently address governance, prioritization, or exit execution.

In 2026, this dynamic is no longer cyclical – it is structural.

  • Provide liquidity choices for investors: Offer investors optionality. Partners can sell or stay invested.
  • Reset incentives and governance: Enable active decision-making. Adapt structure to reflect the current stage of the asset and fund.
  • Actively own core assets: Focus on Boards and execution – clear priorities, speed, people.
  • Engineer realizations: Dividends, strategic transactions, or platform solutions.

We operate with an owner mindset, not an allocator mentality.

A simple, structured, repeatable approach

Balto is built for situations where decisions are blocked and outcomes matter.

We are selective by design.
We engage only where outcomes can be influenced constructively.