Investment bank PJT Partners and stock exchange operator Nasdaq Inc said on Tuesday they had agreed on a partnership to provide data and technology to the opaque market of selling interests in private equity funds. The venture between Nasdaq Private Market and Park Hill, PJT’s secondary advisory business, 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/1-nasdaq-pjt-partners-team-130833155.html?.tsrc=rss