| 2007 – |
NYPPEX completes its 500th secondary private transaction in unregistered securities.
|
| – |
NYPPEX private market liquidity
exceeds $10 billion through its 76 institutional members (As of June 1, 2007).
|
| – |
NYPPEX introduces credit facilities for
private partnerships, institutions and general partners (personal accounts) collateralized only with alternative
investments.
|
| – |
NYPPEX introduces its Private Company Listing service
providing liquidity for selling shareholders of private companies.
|
| – |
Offroad Research,
a division of NYPPEX, introduces Independent Fair Value Research Reports to help limited partners
and general partners comply with FASB 157.
|
| 2006 – |
NYPPEX™, a secure web-based
private trading system is modified to handle greater
private
trading volumes in unregistered securities of private companies and
interests in
private
partnerships.
|
| – |
Private Equity Total Return Swaps are introduced to qualified
institutions, private clients
and
their advisors that seek to adjust their private equity exposure by swapping
cash flows of
specified private equity indices, portfolios, or private funds.
|
| 2005 – |
NYPPEX divests the venture
fund portfolio of the largest non-profit organization to
declare
bankruptcy in US history.
|
| 2004 – |
The IRS grants a
private letter ruling to NYPPEX which in summary, a)
recognized
the NYPPEX QMS as a qualified matching service under IRS Reg. 1.7704 (the
NYPPEX QMS
enables private partnerships to transfer up to 10% of their outstanding
interests per year, instead
of the standard 2%, if such partnerships and their transfers meet the
other requirements
for a QMS safe-harbor exemption) and b) stated that private partnerships
whose interests
are transferred at NYPPEX, will not be viewed as having become
publicly-traded partnerships
(and subject to taxation).
|
| |
The IRS private letter ruling to NYPPEX enables general partners to permit more
of their limited
partners
to sell interests and access liquidity each year, and with reduced risk.
|
| – |
The NYPPEX QMS provides its first QMS Opinion Letter to a top quartile U.S.
buyout fund,
enabling the fund to permit its LPs to transfer interests for up to 10% of its
outstanding
interests in a single year, instead of the standard 2% under IRS Reg. 1.7704.
|
| 2003 – |
NYPPEX introduces price
indications
on over 1,000 unregistered securities of
established private companies.
|
| – |
NYPPEX introduces non-firm price indications on over 12,000 unregistered interests of
private funds (in
compliance
with IRS Reg. 1.7704).
|
| 2002 – |
NYPPEX completes its first
securitization of restricted securities in 19 private companies.
|
| – |
NYPPEX acquires US Venture Exchange, Inc. a pioneer in web-based merger
and
acquisition deal listings worldwide for private clients.
|
| – |
The SEC grants Alternative Trading System status to NYPPEX.
|
| 2001 – |
NYPPEX completes its first
non-US private transaction with a family office in Egypt.
|
| – |
NYPPEX acquires Private Trade, Inc, a leader in web-based secondary transactions for restricted
interests
in private funds with institutional investors.
|
| 2000 – |
NYPPEX acquires OffRoad
Capital, Inc., the market leader in web-based venture capital
financing
with accredited private clients.
|
| 1999 – |
NYPPEX develops the first
private trading platform for unregistered securities in private companies
with standard forms, procedures, and investor safeguards.
|
| – |
NYPPEX applies for US and international patents.
|
| 1998 – |
NYPPEX Holdings LLC founded
by former employees of Bear Stearns & Co. to provide
access
to private market liquidity for alternative assets.
|