Nasdaq Private Market

is a leading provider of secondary liquidity solutions.

This Solution Helps

  • Private Companies
  • Private Equity
  • Law Firms
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PJT Partners and Nasdaq Private Market 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 NPM's innovative technology.

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W E   P R O V I D E   S O L U T I O N S   F O R :

Private Companies

We help facilitate controlled liquidity programs for pre-IPO companies looking to raise secondary capital for shareholders and investors.

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Private Funds

We pave the path forward for liquidity in alternative investment funds and create a sustainable marketplace for today's leading private funds.

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PRIVATE COMPANY LIQUIDITY
$22B+
Transaction Volume Since Inception
(includes data from current and former affiliates)
NPM Transaction Volume
2019 Mid-Year Report
Read our 2019 mid-year report on the predominant trends and themes in the private company secondary market.
READ THE REPORT
PRIVATE COMPANY LIQUIDITY
$22B+
Transaction Volume Since Inception
(includes data from current and former affiliates)

Partner With Nasdaq Private Market

Innovative Private Transaction Technology

We provide a uniform, end-to-end platform to streamline secondary transactions from setup and onboarding through cash settlement. Our flexible technology offers models to support private company and private fund transactions.

Ecosystem of Institutional Buyers

We work with a growing pool of specialized institutional buyers who focus on secondary transactions in private assets of companies and funds.

Comprehensive Regulatory Framework

We help ensure regulatory compliance throughout the process. We operate as a Broker-Dealer, Alternative Trading System (ATS) and Qualified Matching Service (QMS) as interpreted in a Private Letter Ruling by the IRS.

PRIVATE FUND LIQUIDITY
With the increasing demand for alternative investment products from high net worth investors, and fund managers’ desire to expand access to new investors, a solution for liquidity becomes a critical enabler for new capital formation.
Adena Friedman, President and CEO of Nasdaq
A New Option for Liquid Private Investments
Learn more about how auction funds tackle illiquidity in alternative investments.
READ THE WHITEPAPER

What We Do

Our offering is a combination of technology and business innovation, created as a direct response to the widespread changes in the market and regulatory environments.

  • Designed By Sponsors

    We partner with market-leading companies, law firms, and alternative investment fund managers to customize and deliver effective liquidity solutions that address their liquidity challenges.

  • Standardized Liquidity

    Our end-to-end platform provides comprehensive tools from ledger integration to contract management and payments.

  • Optimized For Efficiency

    Our platform streamlines ledger integration, information disclosure, indication of interest and order entry, contract management and payment settlement – all within a comprehensive regulatory framework built on Nasdaq standards.

  • Liquidity For Sellers

    By working directly with companies and alternative investment fund managers, we offer shareholders and investors a standardized and more efficient process for achieving liquidity.

  • Introduce Buyers

    We leverage our network of specialized institutional buyers to help issuers identify potential strategic investors for secondary capital.

NPM has partnered with all
Top 7
VC law firms in the Software sector
Bitfinex Critics Prepare for Possible Legal Action After Cryptocurrency Exchange Lawyers Up
Leading Law Firms Work with NPM on Secondary Transactions
In our year-end infographic, we highlight the law firms that NPM worked with in 2018 and how many secondary transactions they have helped facilitate.
ACCESS THE INFOGRAPHIC
NPM has partnered with all
Top 7
VC law firms in the Software sector

Contact us about private liquidity programs

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Nasdaq Private Market Resource Center

  • 2019 Mid-Year Private Company Report

    Report

    2019 Mid-Year Private Company Report

    Nasdaq Private Market takes the pulse on the secondary market in our 2019 Mid-Year Report, which highlights the trends that are influencing the current rise in private company secondary activity.

    Data is currently not available
  • Secondary Market 2018 Retrospective

    Report

    Secondary Market 2018 Retrospective

    Since its inception in 2013, NPM has provided structured liquidity for today's private companies. We reflect on last year’s record-setting growth in our annual review of the predominant trends and themes in the private company secondary market.

    Data is currently not available
  • A Review of the Private Company Secondary Market and Structures

    Whitepaper

    A Review of the Private Company Secondary Market and Structures

    This paper provides an overview of the evolution of the modern private company secondary market, best practices for structuring a private liquidity program, and the future for the private company secondary market and NPM.

    Data is currently not available
  • An Introduction to Secondary Auctions for Private Companies

    Whitepaper

    An Introduction to Secondary Auctions for Private Companies

    This paper provides an introduction to private company auctions, the advantages and disadvantages of auction-based transactions, a case study featuring an NPM client using this transaction model, and considerations for running an auction.

    Data is currently not available
  • An Overview of Restricted Stock Units (RSUs)

    Whitepaper

    An Overview of Restricted Stock Units (RSUs)

    This paper provides an introduction to Restricted Stock Units (RSUs), the advantages and disadvantages of using RSUs compared to options, and key considerations from NPM's past experience with RSUs in liquidity programs.

    Data is currently not available
  • A New Option for Liquid Private Investments Download A New Option for Liquid Private Investments
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