Sat, Jun 24, 2017
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. Legal - Bond market concerns could scuttle Paulson's Fannie-Freddie plan[more]

    From Bloomberg.com: A hedge fund proposal for freeing Fannie Mae and Freddie Mac from U.S. control is poised to face stiff opposition from investors who say it risks wrecking the mortgage-bond market. The Moelis & Co. blueprint, which firms including Paulson & Co. and Blackstone Group LP sponsored,

  2. Other Voices: Are your pricing policies and procedures for less liquid instruments adequate?[more]

    Komfie Manalo, Opalesque Asia: The unrelated position mismarking incidents that quickly precipitated the closures of both Visium Asset Management and Marinus Capital have been recent focal points for market participants, but regulatory scrutiny of valuation choices for less liquid instruments is

  3. FinTech - AI hedge fund Numerai now live on Ethereum, Cryptocurrency hedge funds generate huge returns as bitcoin surges[more]

    AI hedge fund Numerai now live on Ethereum From Cryptoninjas.net: Back in February, Numerai announced numeraire (NMR), a cryptographic token to incentivize a new kind of hedge fund built by a network of data scientists. Earlier today, the Numeraire smart contract was officially deployed

  4. Investing - Advisors slash hedge fund positions, Theravance Biopharma is a top pick of investment guru Seth Klarman, As asset management industry grows a search for new revenue streams[more]

    Advisors slash hedge fund positions From Barrons.com: Financial advisors have cut wealthy clients' exposure to hedge funds by up to one third over the past 12 months, The Financial Times reports. Advisor firms in the FT's annual top-300 ranking have reduced their hedge fund allocation to

  5. Barclay Hedge Fund index gains 0.50% in May, 4.13% YTD[more]

    Hedge funds gained 0.50% in May according to the Barclay Hedge Fund Index compiled by BarclayHedge. The Index is up 4.13% in 2017. The Barclay Hedge Fund Index has now been profitable for seven months in a row, with a cumulative gain of 6.10%. The Barclay Technology Index has gained 12.27% in the fi