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IFC'S 12TH Annual Global Private Equity Conference in Association with EMPEA
Returning to Growth: Private Equity in Emerging Markets IBF Conferences May 11-12, 2010 | Washington, D.C.
Emerging Managers Summit
Opal Group May 12-14, 2010 | Chicago, IL
9TH Annual MedTech Investing presented in conjunction with Lifescience Alley™
IBF Conferences May 19-20, 2010 | Minneapolis, MN
Investment Trends Summit
Opal Group June 16-18, 2010 | Santa Barbara, CA
Limited Partners Summit New York 2010
Dow Jones June 22-23, 2010 | Grand Hyatt, New York, NY
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The National Venture Capital Association and SecondMarket Announce Collaboration Agreement
NEW YORK, NY, Dec. 8, 2009 – The National Venture Capital Association (NVCA), the premier trade association representing the venture capital industry, and SecondMarket, the largest secondary marketplace for illiquid assets, announced today that they have entered into an agreement to collaborate on a number of initiatives to support venture-backed companies and their investors.
“This partnership will help to advance the goals of both organizations,” said SecondMarket CEO Barry E. Silbert. “SecondMarket is resolute in continuing to support liquidity for private companies and their shareholders, and the NVCA is committed to supporting the expansion of exit options for venture-backed companies. In the current economic environment, when unemployment remains high, it is critically important to support venture-backed companies, which promote outsized job growth and economic development.”
“The NVCA is dedicated to enhancing the exit environment for venture-backed companies and their investors,” said NVCA President Mark G. Heesen. “We believe this collaboration with SecondMarket helps to strengthen the entrepreneur and venture capital communities by providing vital support to the many private companies that lack adequate exit opportunities. We are looking forward to working closely with SecondMarket.” To initiate this collaboration, the NVCA will host a SecondMarket-sponsored webcast on Friday, December 11, 2009, at 12:00pm EST. Panelists on this week’s webcast, entitled “The Root Causes & Potential Solutions for the Exit Crisis,” will discuss how the current market structure has created exit problems for venture-backed companies – and how this trend can be reversed.
SecondMarket and the NVCA will collaborate on a variety of other efforts, including conferences and webinars, the development of new C-suite programs for start-up companies, and sharing market intelligence and trade information. SecondMarket will provide a number of services at discounted rates to NVCA members, including the use of the SecondMarket private company program, and also will offer preferred commission rates on completed transactions.
The SecondMarket private company program provides companies with interim liquidity options to manage and control the secondary market of their own shares. The program recently expanded to include a primary capital introduction component as a result of SecondMarket’s acquisition of InsideVenture in October.
In addition to private company stock, SecondMarket has established itself as the leading secondary market for numerous other assets, including limited partnership interests, auction-rate securities, bankruptcy claims, residential and commercial mortgage-backed securities, collateralized debt obligations, warrants/restricted stock in public companies and whole loans. In total, over $25 billion in illiquid assets are available for sale on SecondMarket.
About SecondMarket
Founded in 2004, New York-based SecondMarket is the largest secondary market for illiquid assets, including private company stock, limited partnership interests, auction-rate securities, bankruptcy claims, collateralized debt obligations, residential and commercial mortgage-backed securities, warrants/restricted stock and whole loans. SecondMarket, which has conducted over $2 billion in transactions in 2009, has more than 5,000 participants including global financial institutions, hedge funds, private equity firms, mutual funds, corporations and other institutional and accredited investors that collectively manage over $1 trillion in assets. SecondMarket’s shareholders include FirstMark Capital, New Enterprise Associates (NEA), and SVB Financial Group (Nasdaq: SIVB). For more information, visit www.SecondMarket.com. SecondMarket is a registered broker-dealer (Member FINRA, MSRB and SIPC).
About the National Venture Capital Association
The National Venture Capital Association (NVCA) represents more than 400 venture capital firms in the United States. NVCA's mission is to foster greater understanding of the importance of venture capital to the U.S. economy and support entrepreneurial activity and innovation. According to a 2008 Global Insight study, venture-backed companies accounted for 12.1 million jobs and $2.9 trillion in revenue in the United States in 2008. The NVCA represents the public policy interests of the venture capital community, strives to maintain high professional standards, provides reliable industry data, sponsors professional development and facilitates interaction among its members. For more information about the NVCA, please visit www.nvca.org or follow us on Twitter@NVCA.
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Recent Programs
VC Elevator Pitch Roundtable
March 3, 2010 | Palo Alto
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Angel Pitch
February 18, 2010 | Palo Alto
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VC Elevator Pitch Roundtable
February 3, 2010 | Palo Alto
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Capitalizing on Corporate Venture Capital and Strategic Investor Relationships
Corporate Venture Capital SIG January 28, 2010 | Palo Alto
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Crafting Your Mantra: How to distill the essence of your value proposition
January 26, 2010 | Palo Alto
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Angel Pitch
January 21, 2010 | Palo Alto
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VC Connect: Ask A VC
January 20, 2010 | Palo Alto
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The Elevator Pitch Roundtable
January 6, 2010 | Palo Alto
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The Elevator Pitch Roundtable
December 2, 2009 | Palo Alto
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Building the Perfect Company Presentation
Presenting to VCs MORNING WORKSHOP December 1, 2009 | Palo Alto
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