Fri, Sep 19, 2014
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. SEC charges 19 investment firms and one trader for breach of Rule 105[more]

    Benedicte Gravrand, Opalesque Geneva: The Securities and Exchange Commission (SEC) started a push to enhance the enforcement of Rule 105 of Regulation M last year to uncover hedge funds and private equity firms that have illegally participated in an offering of a stock after short selling it duri

  2. Fund managers, bullish on Europe, anticipate monetary policy separation of Fed and ECB[more]

    Komfie Manalo, Opalesque Asia: At least 202 fund managers with $556bn of assets under management said that while the European Central Bank (ECB) has eased its monetary policy that sent sentiments towards Europe to pick up, the Fed is expected to hike its rate in the spring of 2015. Investor

  3. News Briefs - Limited partners of investment managers may be subject to self-employment taxes, Just one week left until NYC's Rocktoberfest[more]

    Limited partners of investment managers may be subject to self-employment taxes On September 5, 2014, the Internal Revenue Service (“IRS”) issued Chief Counsel Advice 201436049, concluding that members of an investment manager were subject to self-employment taxes with respect to their e

  4. Institutions - Adviser's faith in hedge funds unshaken by CalPERS' move Advisers weigh in on CalPERS’ decision, Gina Raimondo sees no reason to follow California’s lead, exit hedge funds, Danish pension funds step up 'alternative investments'[more]

    Adviser's faith in hedge funds unshaken by CalPERS' move From WSJ.com: Financial advisers who use hedge funds in their clients' portfolios say they aren't rethinking that approach after a huge California pension fund announced plans to exit the hedge-fund market. The decision by the Cali

  5. Short Selling - Notorious U.S. short-seller targets Alibaba[more]

    From Wantchinatimes.com: A notorious American short-seller appears to have "targeted" Chinese internet giant Alibaba on the eve of its historic public listing on the New York Stock Exchange, reports Chinese web portal Hexun. Alibaba's highly-anticipated listing on Friday could potentially be the big