Investing in Private Companies – Primary vs Secondary Offerings

Published

September 18, 2017

Jim Fulton, Partner at Cooley LLP, talks about the different reasons why a large institution or fund would consider investing in a primary or secondary offering.

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Jim Fulton

Partner, Jim Fulton focuses on representing both emerging and established technology, healthcare and biotechnology companies and the venture capital firms that invest in those companies. Concentrating in corporate and securities law, he counsels companies throughout their lifecycle on matters ranging from company formations, private financings, employee equity incentives and executive hiring, to complex spinouts, mergers and acquisitions, IPOs and SEC reporting and compliance.

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We are a market leader in facilitating private company liquidity. Since 2013, we have facilitated liquidity programs on behalf of 120+ private companies.

Key Offerings

  • Tender Offers/Buybacks

  • Secondary Captial Introductions

  • Auctions

Through organized auctions, fund managers can provide liquidity to current investors while broadening access to new investors.

Key Offerings

  • Limited partner Interests

  • '40 Act Registered Funds

  • Auction Funds