Change is afoot in the private markets. Opacity and inefficiency are melting away, just as they have in every other industry since the dawn of the digital age.
New distribution networks are proliferating. Institutions are adopting novel sourcing and advice models. Product innovations for affluent investors abound. And now we even have the first true, fully regulated, auction market for previously illiquid security types, operated by Nasdaq.
We can leverage these new trends for our clients’ benefit for a simple reason: we’ve been a prime mover in them. As former securities lawyers, fund managers, allocators, and technology executives, our big idea is to increase client success rates – and lower costs – by improving the underlying private investment and capital formation processes.