Our purpose-built technology supports the rapidly changing Secondaries landscape with a platform that enables private fund sponsors and investors seeking liquidity to streamline the process - from onboarding through settlement.
Improve transaction certainty for buyers and sellers with better process standards and transparency.
Leverage workflow efficiencies to expand deal team capacity.
NFS’ subsidiary broker dealer can act as an intermediary, operates a registered Alternative Trading System (ATS) and may serve as a Qualified Matching Service (QMS).
Our institutional network is comprised of established secondary buyers.
Work with us directly or in coordination with an advisor to reduce operational friction in a GP-led process and simplify your LP’s experience from deal launch to closing.
Work with us directly or in coordination with an advisor to reduce operational friction in a GP-led process and simplify your LP’s experience from deal launch to closing.
Institutions and high net worth investors can efficiently access opportunities to sell or purchase private fund interest in a secondary transaction.
Institutions and high net worth investors can efficiently access opportunities to sell or purchase private fund interest in a secondary transaction.
Our exit feature for eligible registered and unlisted funds can expand manager's capabilities in offering a new avenue for investor liquidity.
Our exit feature for eligible registered and unlisted funds can expand manager's capabilities in offering a new avenue for investor liquidity.
Expanded access to liquidity for wealth management platforms, feeder fund investors and accredited investor clients.
Expanded access to liquidity for wealth management platforms, feeder fund investors and accredited investor clients.
The Nasdaq Fund Secondaries platform can operate as a Qualified Matching Service (“QMS”), as interpreted in a Private Letter Ruling by the IRS which sets forth the platform’s methodology to be within the IRS rules relating to Publicly Traded Partnerships (PTPs).
The Nasdaq Fund Secondaries platform can operate as a Qualified Matching Service (“QMS”), as interpreted in a Private Letter Ruling by the IRS which sets forth the platform’s methodology to be within the IRS rules relating to Publicly Traded Partnerships (PTPs).
Certain closed end investment companies may rely on limited exemptive relief from Rule 102 of Regulation M under the Securities Exchange Act of 1934 granted by the SEC.
This exemption allows certain Nasdaq affiliates to conduct periodic liquidity auctions for certain ‘40 Act products.
Certain closed end investment companies may rely on limited exemptive relief from Rule 102 of Regulation M under the Securities Exchange Act of 1934 granted by the SEC.
This exemption allows certain Nasdaq affiliates to conduct periodic liquidity auctions for certain ‘40 Act products.
Nasdaq Fund Secondaries, LLC (“NFS”) operates the Nasdaq Fund Secondaries platform, an end-to-end, customizable technology built to facilitate secondary transactions in private funds and other pooled investment vehicles. NFSTX, LLC, a wholly owned subsidiary of NFS (together with NFS, “Nasdaq Fund Secondaries”), is a registered broker-dealer that acts as an intermediary to facilitate settlement of transactions matched through the NFS platform. Nasdaq Fund Secondaries may facilitate auctions for positions in private funds as a Qualified Matching Service (“QMS”) under Treasury Reg 1.7704-1(g).
Depending on the service and transaction, Nasdaq can operate in a few distinct roles. Nasdaq can solely act as an execution service for advisor-led deals, act as an intermediary in facilitating an LP-led sale, or provide regular, structured access to liquidity for fund sponsors.
The platform is invitation-only. Contact us to book a demo.
The fees are dependent on the type of engagement with Nasdaq Fund Secondaries and the role of NFS in a transaction.
Nasdaq may work directly with a GP during a sale spearheading the effort to receive GP approval, or Nasdaq may work indirectly if our client prefers to maintain contact with the GP.
To join Nasdaq’s buyer network, please contact us.