Simulation for Santander
Mafalda · Anthropic Roundtable
Simulated view · not a live vote
Anthropic Roundtable · Internal secondary · Simulation

This is what your clients see on exit day.

Each Santander client has a dedicated deal page in the Upscalers app. When a liquidity window opens on a position, they can vote sell, hold, or buy more, and see the internal matching book in real time. Below is a live-styled simulation for one investor, Mafalda, on her Anthropic position.

Full transparency Tech-first UX Real internal liquidity Net-of-fees breakdown
Block 1 · Deal recap

Anthropic secondary at $690/share

Every investor on this deal receives the same top-of-page summary: the sale price, the matching logic, and their own position card. Fixed price, no fee surprises.

Anthropic Roundtable · Internal secondary

Sell, hold, or buy more at $690/share.

Fixed reference price on the Anthropic Roundtable window, applied uniformly to every seller and buyer inside the Upscalers investor community. Two-way interest currently spans 45 responding investors.

Matching waterfall
  1. Sellers and buyers are matched inside the Upscalers investor community at the fixed reference price.
  2. Any residual sell interest routes to our broader network of family offices and secondary funds.
  3. Any residual sell interest beyond that is placed through our external GP and broker network.
  4. Once matched, shares are transferred directly on the cap table. Upscalers is a direct cap-table holder.
Block 2 · Your current position

Mafalda's holding, from entry to today

Every ticket entered through Upscalers gets a fully traceable position, from the original closing through every subsequent valuation update, always with the underlying source.

MA

Mafalda · Investor #4127

Santander Private Banking · Onboarded Oct 2025

Live · marked-up
Amount invested
$500,000
3,497 shares @ $143 blended
Entry fees paid
$30,000
6% one-off, paid at closing
Value @ $690 PPS
$2,412,930
3,497 shares × $690, Jul 2026
Gross multiple
4.83×
Value ÷ amount invested
Net multiple
3.83×
Net proceeds ÷ total cash out
Structure
Direct cap
Held directly on Anthropic's cap table
Position history
Oct 15, 2025
Entry closing
3,497 shares at $143 PPS · $500,000 principal · $30,000 entry fees.
Feb 12, 2026
Estimated markup
Position marked at $310 PPS on confirmed market activity.
May 28, 2026
Estimated markup
Position marked at $520 PPS on incoming primary round.
Jul 21, 2026
Liquidity window open
Roundtable secondary opens at $690/share.
Block 3 · Sale breakdown

Every fee, on one page

The exact economics if Mafalda votes sell today. 20% carry on gross profit (Upscalers), no additional exit fee.

If you sell all 3,497 shares at $690

Roundtable · fixed price · all-or-nothing
Gross proceeds
3,497 shares × $690
$2,412,930
Amount invested
Oct 2025 entry, 3,497 × $143 blended
$500,000
Gross profit
Realised gain before carry
$1,912,930
Upscalers carry
20% of gross profit
− $382,586
Exit fee
No additional exit fee on the seller side
$0
Entry fees already paid
6% one-off, paid at Oct 2025 closing
$30,000
Net proceeds to Mafalda
Wired to her bank account after settlement
$2,030,344
Gross multiple
4.83×
Net multiple
3.83×
Block 4 · Your vote

Sell, hold, or buy more

One tap. Mafalda's decision is submitted to the internal matching engine and reconciled against the book. Try it below.

Cast your decision on this window

You have until Jul 25, 2026 · 6pm CET. You can update your vote until then.

Block 5 · Live matching book

The internal crossing book, in real time

Every seller and buyer already in this window, anonymised as share counts. Left column is demand, right column is supply. When you vote, Mafalda's ticket lands in the matching column.

Order book · internal cross

Live matching @ $690

45 of 56 investors responded · 24 orders in book
Buy interest
$1,966,875
8 orders · 2,865 shares
Crossed internally
$1,966,875
at fixed $690
Sell interest
$3,853,725
16 orders · 5,585 shares
Buyers 8 orders
    Sellers 16 orders
      $1,886,850 of unfilled sell interest will route to our broader network of family offices and secondary funds. If still unmatched, it moves to our external GP and broker network. Typical execution timeline is 4 to 6 weeks.

      What Santander clients get, in one sentence

      A dedicated deal page per position, with net-of-fees economics, one-tap vote, and the live internal book. That is the meeting point of transparency, tech, and liquidity, delivered by Upscalers as your investment platform partner.