## Liquidity

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A founder’s guide to the tender offer\
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Learn what a tender offer is and how you can use one to provide liquidity for your shareholders, from the strategic benefits to the process for a successful transaction.  
[Read more](/content/uk/en/learn/equity/liquidity-events/tender-offer/index.html)

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The secondary market, explained\
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Understand the function of the private secondary market and how companies can benefit from secondary liquidity and secondary market transactions.  
[Read more](/content/uk/en/learn/equity/liquidity-events/secondary-transactions/index.html)

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Waterfall modeling:
A complete guide\
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Learn the ins and outs of simple and complex waterfall modeling with Carta's free, comprehensive resource.  
[Read more](/content/uk/en/learn/private-funds/management/waterfall-modeling/index.html)

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Creating exit opportunities: Secondary market strategies for Egyptian startups\
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For Egyptian startups facing a liquidity gap, secondary markets are a strategic solution. Find out how tender offers, direct secondaries, and recurring liquidity programs can create exit opportunities for employees and investors.  
[Read more](/content/uk/en/blog/egypt-startup-exit-opportunities/index.html)

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Capital gains\
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Capital gains are profits you make from selling a capital asset. Learn the difference between short-term and long-term capital gains and how taxes work for each.  
[Read more](/content/uk/en/learn/equity/stock-options/taxes/capital-gains/index.html)

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Leveraged buyout (LBO)\
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In this guide, learn how leveraged buyouts work and the steps required to complete these complex financial transactions.  
[Read more](/content/uk/en/learn/startups/exit-strategies/mergers-acquisitions/leveraged-buyout/index.html)