NYPPEX has amassed a significant pool of private market liquidity, currently estimated at over $10 billion through its 76 institutional members ( as of June 1, 2007).

Secondary unregistered equity and debt securities of private companies include:

	Equity securities such as preferred and common shares
	Convertibles
	Debt such as senior, subordinated, bridge loans, bank loans, CLO traunches
	Warrants and other options.

Prospective selling parties include:

	Private equity partnerships seeking to sell minority stakes in portfolio companies
	Private companies introducing selling shareholders such as founders, officers, and directors
	Institutions
	Advisors
	Brokers
	Private clients

Motivations to sell include:

	Corporations with new portfolios or strategies, typically as a result of mergers
	Institutions seeking to rebalance alternative asset portfolios
	Private equity and venture partnerships seeking exit events
	Founders, officers and directors seeking to diversify personal net worth
	General partners seeking to close older private partnerships
	Shareholders seeking liquidity
	Pension funds seeking portfolio management efficiencies by selling smaller holdings
	Private companies with shareholder disputes, that seek to arrange liquidity alternatives for such shareholders.

Motivations to buy include:

	The opportunity to co-invest alongside top venture or buyout funds
	The ability to immediately increase portfolio weightings in direct investments of private companies
	The opportunity to add holdings in private companies nearer their exit event
	To avoid paying fund management fees and carried interest
	The opportunity to generate superior returns
	The ability to buy at attractive discounts to fair market value.

Eligible U.S. and non U.S. private companies whose restricted securities may privately trade at NYPPEX include those suitable for venture, private equity, buyout or debt private fund portfolios. Financial profiles can range from distressed to pre-IPO.

Transactions are categorized as:

	Portfolio Divestitures – Securities in multiple private companies with gross offering proceeds of i) less than $25 million or ii) $25 million or more. (See Portfolio Divestitures)
	Block Trades – Gross offering proceeds of $5,000,000 or more in one security of a private company.
	Odd-Lots – Gross offering proceeds of less than $5,000,000 in one security of a private company.