Fri, Jan 30, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

SecondMarket to expand further into private company markets over next 6 months

Friday, July 08, 2011
Opalesque Industry Update – SecondMarket has grown 125% in the first half of 2011, and the firm expects to open yet another swath of companies to investors during the second half of the year. Hedge funds and other firms have been riding the latest tech bubble by utilizing SecondMarket to access equity at start up firms that have received venture capital.

Growing activity in private company investments
With over 67,000 individuals and institutions now on the SecondMarket platform the firm reports” increased engagement by participants in forming trusted investor networks and watching private companies and submitting interests to buy or sell alternative investments.”

In early June, SecondMarket’s Mark Murphy commented to Opalesque that many hedge funds were active in the tech industry stocks, and that “"In Q1 the companies that saw the biggest rate of increase in watchers [firms that SecondMarket users are tracking] were Foursquare, Dropbox, Spotify, Skype and Gilt Groupe.” (Source)

But the firm is also reporting increased activity interest in non-technology industries, and so SecondMarket CEO Barry Silbert announced in the firm’s Q2 2011 Business Update, that “We are continuing to explore the expansion of the private company market beyond venture-backed startups to include a broad array of established private companies. The team has identified a number of non-technology industries in which there is a strong interest for our company-controlled liquidity programs, and we are likely to launch the first liquidity program for an established company in the next six months.”

The Private Company Market team has also added three hires: Arie Abecassis, Matt Shapiro and Taylor Ridgely.

Kirsten Bischoff

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: Ex-Citi trader launches 'sleep-at-night’ long/short equity fund[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: After working at Citi's proprietary trading desk, managing a large portfolio between 2008 and 2011, Joel S. Salomon founded SalauMor Management in New York

  2. Investing - U.S. investors favor currency hedged Europe ETFs as euro tumbles, Quants win back investors as Swiss franc fuels volatility gains, David Einhorn's $7bn hedge fund is loading up on this stock, Hedge fund BlueMountain Capital unveils Ocwen Financial short, claims default on notes[more]

    U.S. investors favor currency hedged Europe ETFs as euro tumbles From Reuters.com: U.S. investors stung by the falling euro who want to stay invested in Europe are turning to exchange-traded funds designed to strip out the impact of the region's currency. The biggest among so-called "cur

  3. News Briefs - Millennials use tech tools to jump into investing, Winklevoss twins to launch bitcoin exchange with FDIC insured deposits, Robertson’s legacy from hedge funds to New Zealand, Real estate managers exploring smaller open-end funds[more]

    Millennials use tech tools to jump into investing It is the Facebookification of monetary investing. From social networking platforms that enable young investors to stick to every other's stock-picking mojo, to internet sites for initially-timers hungry for a piece of the Silicon Valley

  4. Update: Prosecutors seek 12 years for hedge fund manager Francisco Illarramendi[more]

    Komfie Manalo, Opalesque Asia: Federal prosecutors have asked the court to sentence convicted hedge fund manager Francisco Illarramendi to 12 years imprisonment for running an elaborate Ponzi scheme that bilked investors hundreds of millions in dollars, including a Venezuelan pension fund, report

  5. Institutions - Ontario pension fund leader calls all asset classes ‘expensive’, Taiwan's BLF plans $2bn in alternative mandates[more]

    Ontario pension fund leader calls all asset classes ‘expensive’ From WSJ.com: The head of one of the world’s largest pension funds said that across asset classes, “everything is expensive.” Ron Mock, who leads Canada’s $141 billion Ontario Teachers’ Pension Plan, said that the plan would