Pioneering tax receivable agreement investing and tax as an asset class

Parallaxes should be the go-to partner for anyone seeking to monetize their TRAs. They are a patient, trustworthy and knowledgeable counterparty and we couldn’t have asked for a smoother transaction. They are also extremely responsive – we look forward to working with them again in the future.

My experience with Parallaxes was fantastic. I found Andrew to be transparent and upfront at each step of the transaction. They made sure I understood how they approached valuation, what was needed for a speedy close, and they delivered documentation that was fair and clearly written in the spirit of execution. You really can’t ask for more in any deal (transparency, speed to close, fairness). They also took the time to understand what my goals were for the funds and expressed sincere interest in being part of my go-forward story. This was true from both a deal team and legal team perspective. I’ve used the word twice, so if I could sum up the Parallaxes approach and team in one word, it would be transparent.

Gaining knowledge of the TRA space and market is not an easy task, the market is so niche that you cannot just Google it and learn anything other than the most basics. Before meeting Parallaxes I was not even aware that there was a market for the TRA stream(s) that we had required as the result of our going public. The folks at Parallaxes educated us about the possibilities and helped us attempt to negotiate a sale with our former company. For me the most impressive thing working with Parallaxes was that even after the opportunity to do a transaction with them proved no longer possible they continued to provide us advice and guidance when there was very little (actually nothing) in it for them. Not something you often see on Wall St. today.