Most Pioneering Capital Markets Financial System 2024 Specializing in navigating the secondary market for private fund interests, Nasdaq Fund Secondaries (NFS) is a platform whose breadth of capabilities separate it from its counterparts. The platform provides a solution to help fund managers facilitate liquidity opportunities between buyers and sellers of secondary fund interests. Leveraging deep industry knowledge and Nasdaq’s experience in providing transformative market technology, NFS aims to provide fund managers with structured liquidity solutions to help drive efficiency, transparency, and scalability in the PE secondaries market. NFS is a workflow solution designed to streamline private fund secondary transactions. Nasdaq’s extensive market experience has allowed the NFS team to build a scalable technology solution that is configurable to meet each client’s unique needs. Using NFS, a fund manager can facilitate every step of the transaction process through a single technology solution. Unlike bulletin board services, NFS supports a fund manager’s entire secondary liquidity process, including a centralized data room, bid entry, electronic document signing, progress tracking, and payment. At inception, a fund manager that engages NFS can reference NFS in fund documents, thereby demonstrating to prospective investors that the fund manager has liquidity in mind – this is what Nasdaq calls “Embedded Liquidity”. This allows the GP to address future investor liquidity concerns during fundraising. For existing, older vintage funds, a manager can opt to use a “GP-sponsored” structure whereby LPs can access GP-sponsored liquidity events at a pre-determined cadence. The GP sets the event parameters, and LPs can offer part or all of their position in the fund as approved by the GP. For both structures, GPs can proactively manage their list of approved institutional buyers, which can help increase participation in a program thereby potentially improving competitive pricing dynamics. This proactive approach enables GPs to better manage investor liquidity needs. NFS collaborates with GPs who understand that liquidity solutions are essential for returning capital to investors and supporting new fund raises during challenging exit environments. NFS offers fund managers an efficient way to help address increasing liquidity demands, supported by scalable technology infrastructure. In recognition of its impact on the secondary market for private fund interests, Wealth and Finance International is proud to award NFS the title of Most Pioneering Capital Markets Financial System 2024. We extend our congratulations to NFS and look forward to their future achievements. Contact: [email protected] Company: Nasdaq Fund Secondaries Web Address: https://www.nasdaq.com/ solutions/fund-secondaries
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