Trading Illiquid Assets With Taylor Garrett

In this episode of Strategic Investor Radio, host Charley Wright talks with Taylor Garrett. Mr. Garrett is Managing Director of Central Trade & Transfer, a Salt Lake City-based firm that operates an “eBay-type” auction system for non-publically traded assets.

Garrett explains that Central Trade & Transfer began as a marketplace for limited partnerships (“LPs”). Then, after the Financial Crisis, the firm reorganized in its “2.0 version” as an online auction platform for illiquid assets like non-traded real estate investment trusts (“REITs”) and business development companies (“BDCs”), private equity funds, venture capital funds, individual real estate assets, entire companies, and “all shapes and sizes of LPs.” Garrett says most of Central Trade & Transfer’s business has been with domestic assets, but there have been some international assets sold through its auction system, as well.