Investment bank PJT Partners and stock exchange operator Nasdaq Inc said on Tuesday they had agreed a partnership to provide data and technology to the opaque market of selling interests in private equity funds. The high-profile venture aims to illuminate what has been an obscure corner of the private equity industry. The partnership is focused on so-called general partner-led, or GP, secondary transactions, whereby a fund manager looks to extend the life of a buyout fund from its typical 10-12 year investment period by offering an exit to investors who would rather cash out.

source https://finance.yahoo.com/news/nasdaq-pjt-partners-team-private-100000671.html?.tsrc=rss