Global private equity firms are sitting on more than $2.1 trillion in “Dry Powder.” Their investment decisions and purchasing power will shape the public and private investment markets in ways that shape the future of the global economy. DailyAlts provides constant updates and insights on deal-making, regulatory shifts, global capital flows, and more.
Issuers, brokers, shareholders and prospective investors of private company stock will soon be able to deal on a new platform to be set up as a partnership between Nasdaq (NASDAQ: NDAQ), SVB Financial Group (NASDAQ: SIVB), Citi (NYSE: C), Goldman Sachs (NYSE: GS), and Morgan Stanley (NYSE: MS). Nasdaq’s existing “Nasdaq Private Market,” which was launched in 2014, will be spun off and contributed to this new JV between Nasdaq and the Wall Street financial giants.
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Northern Trust will hand over its block-chain based platform for private equity to Broadridge Financial Solutions Inc., the global fintech that is also a part of the S&P 500.
As institutional investors are piling into alternative investments, more and more ‘dry powder’ is available with private equity players, seeking profitable deployment. Freight brokerages have attracted attention, and the result is an industry transformation.