Why Nasdaq Private Market
Nasdaq Private Market (NPM) offers solutions designed to address the challenges of liquidity in alternative investment funds, with a vision to broaden access to these investments in an innovative way.
Nasdaq Private Market’s uniquely designed secondary liquidity platform connects buyers and sellers through a centralized auction-based technology.
Fund managers can now provide liquidity to their investors, creating opportunities for new product vehicles and expanding access points to new sources of capital, while maintaining control over the investors permitted access to its funds.
Nasdaq Private Market has built an ecosystem to enable liquidity in Alternative Investment funds.
Supports Multiple Alternative Fund Structures
Addressing the challenges of liquidity across a broad distribution channel.
Benefits Of Working With NPM
A highly controlled platform supported by ecosystem of fund managers, distributors, secondary liquidity providers and eligible accredited investors
Regulatory Expertise and Leadership
The Nasdaq Private Market platform is a qualified matching service, as determined by the IRS in a Private Letter Ruling.
The ruling confirms that the platform’s methodology is within the rules relating to publicly traded partnerships (PTPs). As such, fund managers can rely on the platform without concerns of changing their status with respect to the PTP rules.
Nasdaq Private Market was granted limited exemptive relief by the SEC from Rule 102 of Regulation M under the Securities Exchange Act of 1934.
This exemption allows Nasdaq Private Market to conduct periodic liquidity auctions for certain ‘40 Act products.
Nasdaq Private Market operates a regulated ATS through its broker-dealer subsidiary, NPM Securities, LLC. In addition, Nasdaq Private Market operates a broker-dealer, SMTX, LLC, which has been approved to act as a paying agent.