Nasdaq Private Market Adds HiJoJo Partners to Consortium of Investors

Nasdaq Private Market (NPM), a leading provider of secondary liquidity solutions to private companies, employees, and investors, has added HiJoJo Partners (HJJ) as a new investor and the company’s first Japanese and Asian-based financial institution. HJJ will join NPM’s existing consortium of premier global financial institutions and investors to strengthen the private market products and investment vehicles available to the burgeoning Japanese private equity sector.

This announcement comes following the January 2024 closing of the company’s $62.4 million Series B financing round led by Nasdaq with participation from Allen & Company, Citi, and Goldman Sachs, and with new investments from BNP Paribas, DRW Venture Capital, UBS, and Wells Fargo.

NPM plans to leverage HJJ’s investment to accelerate new product development and its global footprint in Japan and across Asia Pacific. The strategic alliance will help to elevate NPM’s brand awareness throughout Japan, market the NPM SecondMarketTM trading platform to eligible Japanese investors, and support startups in raising capital internationally.

NPM operates as an independent entity with strong support from its industry-backed consortium of investors. Collectively, the company serves private companies, employees and investors with a high-integrity trading, settlement, data, and wealth platform. Today, the company services some of the world’s most innovative private companies with solutions for the liquidity needs of their employees and institutional investors. The company has executed more than $50 billion in transactional value across 760 company-sponsored liquidity programs and block trades since inception.

NPM’s primary business lines include Company Solutions, SecondMarketTM Trading Marketplace, Transfer and Settlement, Tape DTM Data and Analytics, as well as Wealth Solutions. Its Company Solutions supports private companies using proprietary technology to facilitate tenders, auctions, and pre-direct listing programs. The SecondMarketTM Trading Marketplace is bringing transparency and efficiency to the block trading of private shares with a model fully aligned with the interests of private companies. Its patent-pending Transfer and Settlement technology streamlines the complex, burdensome process of post-match workflows for companies and trading counterparties. Tape DTM Data and Analytics delivers actionable insights into trading activity and private companies for employees and investors. Wealth Solutions is connecting clients with resources to manage their newly earned funds and support tax requirements.

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