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NYPPEX is betting that the
future of the secondary [private equity] market lies in the establishment of a
more orderly and web-based market
–Venture
Capital Journal
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LPs are increasingly utilizing secondary market
prices [from NYPPEX] to differentiate among private [equity] funds.
–
Private Equity International
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We want NYPPEX to be viewed as the leading source
of liquidity [in private equity], states Laurence Allen, CEO of NYPPEX
– Buyouts
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NYPPEX runs the closest thing to an exchange
[for private equity].
-Bloomberg
Wealth Manager
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The eBay of private equity [NYPPEX]… given the
vast expansion in the amount of private equity available, the numbers of buyers
and sellers is likely to grow and produce a more liquid and efficient market.
-Robb Report Worth
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Perhaps the last frontier of
LBO development is exchange-traded private equity. A new online network run by
former Bear Stearns & Co. employees opened [NYPPEX] with the goal to become
the NASDAQ of the private market.
-Mark
Anson, Former Chief Investment Officer
California
Public Employees Retirement System
Author, The Handbook of Alternative Assets
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This is a new market that’s just beginning to
provide liquidity to [alternative asset] investors according [to NYPPEX].
–Business
Week
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OffRoad Capital [NYPPEX] named Best of the Web
for Venture Investing
–Forbes
Note: Forbes
has named OffRoad Capital as the Best of the Web (or Favorite) for Venture
Investing each year from 2000 to 2007.
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NYPPEX’s business is booming… as
investors reposition their portfolios to dump losing venture stakes.
-Boston Globe
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Valuation adjustments in private equity tend
to lag the adjustments in the public markets based on discounts at which
venture capital ‘stakes’ are traded at NYPPEX
-Dresdner
Bank Investment Research
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NYPPEX makes a market in monster [private]
securities deals.
–The Greenwich Time
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Laurence Allen, CEO of NYPPEX was named to a
Congressional House Oversight Committee for new legislation, along with John
Bogle, founder of Vanguard Funds and John Harker, Dean of the Wharton
School.
–Bloomberg
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General partners [of private partnerships]
should categorize each [limited partner’s] secondary transfer under one of the
“safe-harbors” of IRS 1.7704 [to avoid the risk of being taxed as a public fund
…according to NYPPEX]
–Venture
Capital Journal
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Private equity securitization may be at the
early stage of its development but investors are missing a major bend in the
road if they ignore it, states NYPPEX
–Private Equity International
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It is hoped that NYPPEX will become another stock
exchange like NASDAQ but focused on venture capital and private equity markets.
–Baker
and McKenzie Private Equity Update Report
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About 33% of NYPPEX’s [recent] private trading
volume is direct from [qualified] private clients.
-Financial
Planning
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NYPPEX has conducted a best practices survey
among private equity partnerships regarding recently enacted US tax legislation
referred to as Section 754.
–Alternative
Assets
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Investors seek liquidity in alternative assets
[from time to time]. We [NYPPEX] intend to provide that liquidity.
–Red
Herring
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NYPPEX, the electronic alternative asset trader,
has bought OffRoad Capital, the San Francisco based online issuer of private
equity offerings; and plans to expand private equities trading
–Private
Equity Online
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[The Wood River, Regis Securities, and Refco scandals serve]
as unfortunate examples of why the [private equity and hedge fund] industry may
need more regulation, according to NYPPEX
–Business
Week
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We’re well positioned for a bear market, which
is when investors tend to seek liquidity, states NYPPEX
- San
Francisco Business Times |
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What was once a radical
idea is now becoming a mainstream tool [NYPPEX] for any private equity
investor.
–The
Stamford Advocate |
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The SEC is considering a proposal by NYPPEX to
amend Rule 144a to make it easier for wealthy individuals to buy and sell
restricted securities
–The
Financial Times |
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NYPPEX [starts by] categorizing [private] fund managers into five tiers [to
estimate fair values for their interests]. The rankings are determined by a
combination of factors including NYPPEX’s knowledge of discounts to NAV [for
comparable funds].
-Private
Equity International
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If private transfers are handled by a qualified matching
service, such as the NYPPEX QMS, then [annual] transfers may increase to 10%
[per year], not the 2% standard.
-The Deal
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The Philippines Securities and Exchange Commission may pattern after the NYPPEX
platform an SEC official said.
-The
Manila Times
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