NASDAQ Private Market Revenue and Competitors

At Nasdaq Private Market (NPM), we are constantly reimagining the markets of tomorrow. Our offering is a combination of technology and business innovation, created as a direct response to the radical changes in the market and regulatory environments. NPM was formed in 2013 to offer companies alternative liquidity solutions while remaining private. Companies that are choosing to stay private longer is not a temporary trend but today's new reality and become a new market standard. With leadership and expertise in the market, Nasdaq Private Market's vision is to further enable this new era of liquidity. We are focused on helping companies plan ahead and proactively manage their liquidity roadmap, and through our partnership, bring new possibilities if through tender offer programs, buybacks, auctions or block trades. In 2017, NPM recognized that there were further challenges in the alternative investment industry, so we expanded our liquidity solutions to support funds structures in the form of partnership interests or registered '40 Act vehicles. Through our technology and regulatory infrastructure, fund managers can now provide centralized liquidity to investors through our market-driven auction process.