Why GPs Partner With Us
Diversify Capital Sources
Our Auction Fund structure allows General Partners (GPs) to replace Defined Benefits plans as sources of capital for more diversified, permanent capital sources.
Leverage NPM's Regulatory Infrastructure
Up to 10% of the fund can transfer annually, subject to certain limitations, without triggering Publicly Traded Partnership (PTP) requirements if the parameters of a Qualified Matching Service are followed in accordance with a Private Letter Ruling issued to NPM by the IRS.
Facilitate Regular Liquidity for LPs
We empower GPs to use our seamless technology to provide regular, structured liquidity programs for Limited Partners (LPs).
Nasdaq Private Market (NPM) and PJT Partners are partnering to provide best-in-class execution for general partner-sponsored secondary transactions, combining PJT Park Hill's industry-leading secondary advisory capabilities with Nasdaq Private Market's innovative technology. Watch our recent interview to learn more.
GP provides investors’ holding data, disclosure financials, and eligible participants. If GP does not provide full holdings, eligible participants required to send notice, consent agreement, and collect holdings data from each investor to NPM.
Sellers sign an NDA and platform terms agreement before gaining access to sensitive information.
The NPM platform collects detailed order data to set cutback/undersubscription rules and pricing. Buyers electronically sign a binding letter of intent/offering agreement up to the commitments designated before the bidding process begins.
Sellers are notified of Offering & required Agreements and either accept or reject offer price at a selected commitment level. Sellers electronically sign binding letter of intent/offering agreement before the bidding process begins.
Matching, Agreements & Payment
Orders exported and final match imported into Platform so Sellers and Buyers can sign/countersign Transfer and PSA agreements. Closing package sent to GP with individual, final results displayed to buyers and sellers on platform, and NPM wires payments.
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Related Private Fund Solutions
For Limited Partner LiquidityKey Features
LP-Led SolutionsNPM supports Limited Partners in addressing the eligibility and liquidity challenges of private equity.
- End-to-End Technology
- Competitive Price Discovery
- Ecosystem of Institutional Buyers
For Wealth ManagementKey Features
Wealth ManagementOur secondary transaction technology helps management platforms, wealth advisors, and their clients.
- Controlled Liquidity
- Enhanced Transparency
- Institutional Investor Network
For Auction-Based LiquidityKey Features
Auction FundsAuction Funds address liquidity challenges in current investment structures through NPM's exclusive marketplace.
- Achieve Private Equity Allocations
- Address Structural Problems
- The Key to New Capital Flow