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Laxman Pai, Opalesque Asia:

The global advisory-focused investment bank PJT Partners and stock exchange operator Nasdaq Inc said they had agreed on a partnership to provide data and technology to strengthen its secondary investment advisory services for alternative asset managers.

Their agreement will provide more transparency for alternative asset managers doing deals in the rapidly growing secondaries market.

This agreement combines the capabilities of two trusted brands: PJT Park Hill's best-in-class Secondary Advisory business and NPM's market-leading technology platform. PJT Partners will utilize NPM's technology platform to offer clients and their investors a differentiated experience when executing secondary transactions.

As interest in secondary transactions continues to grow and evolve at a rapid pace, the PJT Partners-NPM offering will bring greater standardization and efficiency to the secondary market and appeal to an even broader universe of general partners (GPs), limited partners (LPs) and secondary investors.

Paul J. Taubman, Chairman and Chief Executive Officer of PJT Partners, said, "We are delighted to partner with Nasdaq Private Market. Combining its extraordinary technology-driven capabilities with our leading advisory practice will enhance our clients' execution of GP-led secondary transactions."

Adena Friedman, President and Chief Executive Officer of Nasdaq, said, "This partnership is an exciting next step for Nasdaq in our focu......................

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