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Laxman Pai, Opalesque Asia: iCapital Network, an alternatives investment platform for wealthy investors, is working with Nasdaq Private Market (NPM) to create a marketplace for individual investors to sell their private equity fund stakes.
The NPM platform will offer liquidity solutions to advisors and their high-net-worth clients who have private equity investments in their portfolios.
NPM's qualified matching service will give investors who have holdings in iCapital sponsored funds - on the iCapital flagship platform or on third party platforms powered by iCapital technology - the option to put private holdings up for auction.
NPM's technology will be integrated with iCapital's platform technology to automate the secondary marketplace, easing the operational process and adding transparency for advisors and their high-net-worth client base.
"We are continually listening to advisors and anticipating their needs to ensure we are delivering a superior set of capabilities. Illiquidity is frequently cited as an obstacle to investing in private asset classes. This partnership with Nasdaq Private Market will provide a crucial tool to help advisors confidently mitigate liquidity obstacles for their clients," said Lawrence Calcano, Chief Executive Officer of iCapital Network.
"This is a true milestone in iCapital's journey to offer the high-net-worth advisory community and their investors the same opportunities to effectively manage an al...................... To view our full article Click here
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