M59 Partners works with investors, managers, and capital providers facing pressure — when structures stop fitting, timelines compress, and decisions carry real consequences.Our work begins before outcomes harden into transactions.

What we focus onPrivate markets are designed to smooth volatility.
They delay decisions, defer marks, and absorb pressure — until something forces a change.That pressure shows up early.Refinancings that don’t quite clear.
Liquidity that technically exists, but practically doesn’t.
Incentives that reward delay.
Structures that once worked, but no longer do.These moments don’t start as asset problems.
They start as capital problems.That’s where we work.

How we see situationsWe don’t start with assets.
We start with constraint.Where is pressure actually coming from?Allocation.
Liquidity.
Governance.
Incentives.
Optics.
Regulation.
Timing.Different pressures require different responses.
Treating them as the same leads to unnecessary loss.Our role is to interpret what’s really driving the situation — before a default solution takes over.

Where we sitWe work upstream of transactions.Before LPs sell.
Before GPs restructure.
Before distributors package.
Before banks price.Often, the right answer is a secondary transaction.
Often, it isn’t.Both can be correct.What matters is choosing deliberately — with full awareness of the trade-offs — not reactively.

Secondaries, clearlySecondaries are a core, constructive feature of modern private markets.
They provide liquidity, flexibility, and risk transfer when it’s needed most.We are not a substitute for the secondary market.
We are complementary to it.Our work helps capital owners understand when a secondary is the right response, and when another structural path may preserve more value.Sometimes the conclusion is simple:
Sell it.That outcome doesn’t negate the work — it confirms it.

We help decision-makers understand:where pressure is coming fromwhich structural levers existwhat each option truly costsWe are not trying to predict markets.
We are trying to improve choices.That distinction matters.

What we deliver• Structural interpretation
• Pre-transactional clarity
• Option creationWe engage selectively, where judgment has leverage and timing matters.

How we engageWe monetize insight through:early mandatesorigination and situation surfacingimproved outcomes through structure or timingselective co-investment where asymmetry is extremeAlways upstream.
Always judgment-driven.