Sell Private Equity

Liquidate LLCs, LPs, and other alternative assets held in your Entrust account.

If you’ve invested in private equity, such as a private company or LLC, within your Entrust self-directed IRA (SDIRA) and want to liquidate or remove the asset from your account, this guide will walk you through how to complete the required Private Equity Sell Direction Letter.

This process applies whether Entrust has already received the funds or needs to initiate the sale on your behalf.

When to Use the Private Equity Sell Direction Letter

There are three common scenarios where you’ll need this form:

1. Funds Received, Not Yet Posted: Entrust has received funds, but we need supporting documentation to record the transaction.
2. Liquidation Request Required: Entrust must send a request to the investment provider to liquidate the asset on your behalf.
3. Funds Received & Posted Incorrectly: Entrust has received and posted funds, but the asset remains in your account or was recorded incorrectly.
   
   

Scenario 1

Entrust Has Received the Funds, But They Haven’t Been Posted Yet

If your investment (e.g., “ABC LLC”) has already sent funds to Entrust, but the funds haven’t been recorded in your account yet, follow these steps:

Step 1: Get the Form

You can access the Private Equity Sell Direction Letter in one of two ways:

• Option 1: Visit theentrustgroup.com → hover over Client Resources → click Forms → scroll to Sell an Asset → download Private Equity Sell Direction Letter.

• Option 2: Log in to your Entrust Portal → open the Quick Links box → click Sell Asset → select your account and asset → click Next → the form will open automatically.

Step 2: Complete the Form

• Section 1: Enter your name, Entrust account number, account type (Traditional, Roth, SEP, etc.), email, and phone number.

• Section 2: Enter only the Investment Name (for example, ABC LLC).
  • You can leave the Payor Information section blank for this scenario.
• Section 3:
  

  • Select Full Sale or Partial Sale, depending on the liquidation.

  • Enter the approximate amount received.

  • If partial, include the new estimated asset value and remaining shares (if applicable).

• Section 4–6:

  • Choose how to pay the $95 sale fee (from IRA cash balance or credit card).

  • Sign and date the form.

Step 3: Submit the Form

Email your completed form to cashmanagement@theentrustgroup.com.

Step 4: What Happens Next

Once Entrust receives your form and supporting documentation, the funds will be properly posted to your account.

Scenario 2

Entrust Needs to Send a Liquidation Request to the Investment

If your investment provider requires Entrust to send a liquidation request on your behalf, follow these steps:

Step 1: Get the Form

Access the Private Equity Sell Direction Letter using either method listed above (Forms page or online portal).

Step 2: Complete the Form

• Section 1: Enter your personal and account details.

• Section 2:
  • Enter the Investment Name (e.g., ABC LLC).
  • Complete the Payor Information — this is the contact for the investment provider (the party that will send funds to your Entrust account).

  • Include their address, email, fax, and phone number (found in your original investment paperwork).

  • Indicate how funds will be sent (wire, ACH, or check).

  • Confirm whether the investment requires a liquidation request; contact the investment if unsure.

• Section 3:

  • Choose Full Sale (entire liquidation) or Partial Sale (partial withdrawal).

  • Enter expected sale amount and new value, if partial.

• Section 4–6:

  • Select how you want to pay the $95 asset sale fee.

  • Sign and date the form.

   

Step 3: Submit the Form

Email your completed form to alternativeassets@theentrustgroup.com.

Tip: If you need contact details or help confirming liquidation requirements, Entrust can provide a copy of your original investment documents upon request.

Step 4: What Happens Next

Entrust will send the liquidation request to the investment provider on your behalf and update your account once funds are received.

Scenario 3

Entrust Has Already Received and Posted the Funds, but the Asset Needs to Be Removed

If funds have already been deposited into your account but the asset still shows as active, follow these steps:

Step 1: Get the Form

Download or open the Private Equity Sell Direction Letter using either method listed above (Forms page or online portal).

Step 2: Complete the Form

• Section 1: Enter your name, account number, account type, email, and phone.

• Section 2: Enter the Investment Name only; no payor info is needed.

• Section 3:

  • Select Full Sale.

  • Enter the last amount received and write in your email: “Last funds already received. Please remove asset.”

• Section 4–6:
  

  • Select how to pay the $95 sale fee (IRA funds or credit card).

  • Sign and date the form.

Step 3: Submit the Form

Email your completed form to cashmanagement@theentrustgroup.com.

Include a brief note in your email body (or a cover letter if faxing or mailing) confirming that Entrust has already received the final funds and that you’d like the asset removed.

Step 4: What Happens Next

Entrust will verify that all funds have been received and remove the asset from your account.

Notes on E-Signatures

If you sign electronically, Entrust accepts the following platforms:

DocuSign, HelloSign, Dropbox Sign, SignNow, AuthentiSign, or DotLoop.

Be sure to include the Certificate of Completion (also called an audit trail), which verifies the signer’s email and timestamp.

And that's all there is to it. 

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