Techdollar Taps Caplight to Power Real-Time Underwriting for Private Equity Loans

Quick Summary

Techdollar is using private equity-backed loans powered by Caplight’s real-time pricing API to provide liquidity to founders and employees. By integrating live secondary market data, Techdollar can underwrite credit facilities against illiquid private shares in hours, bypassing traditional slow valuation methods and manual appraisals.

How Does Techdollar Solve Liquidity Issues for Private Equity Holders?

Techdollar provides a structured lending platform that allows venture capitalists, founders, and employees to unlock capital without selling their shares. By using private equity-backed loans, borrowers can maintain their cap table positions while accessing liquidity for personal or business needs. This model effectively bridges the gap between high-growth equity and immediate cash requirements.

• Access to $100 million pipeline of qualified loan demand.
• Support for sectors including AI, aerospace, and defense.
• Funding delivered within 24-48 hours against verified equity.

"Caplight's pricing data and secondary market access give us the real-time intelligence we need to underwrite with precision and move at the speed our borrowers require," said David Tollemache, Co-Founder of Techdollar.

What Results Has Caplight’s Pricing API Delivered?

The integration of Caplight’s pricing API has transformed Techdollar’s underwriting speed from weeks to mere hours. By leveraging a consortium of 300+ broker-dealers, the system provides real-time collateral pricing that refreshes every four hours. This continuous data stream ensures that private equity-backed loans are accurately collateralized even in volatile secondary markets.

• Access to $5 billion daily liquidity via Caplight’s trading platform.
• Automated mark-to-market valuations for portfolio health.
• Intelligence on ROFR behavior and restrictions for risk calibration.

FF NEWS TAKE:

This partnership moves the needle by solving the "illiquidity trap" inherent in private markets. By treating private stock with the same data-driven rigor as public equities, Techdollar and Caplight are professionalizing the private equity-backed loans sector. As secondary markets mature, the ability to underwrite against these assets in real-time will become a standard requirement for modern fintech lenders and wealth managers.