Palico's online marketplace revolutionizes private equity fundraising
The value of investable funds on Palico has grown nearly threefold in a year to $55 billion. The four-year-old startup has fundamentally altered how private equity managers raise money and the way investors shop for opportunities.
November 17, 2016 – Using cutting edge algorithms that match the investment priorities of investors with appropriate funds, Palico has changed the way private equity capital is raised.
From desktops and smart devices, some 1,500 accredited investors, or approximately 50 percent of the world’s active limited partners, now use Palico’s marketplace to find new private equity funds. Private equity fund managers understand the compelling proposition of instantly reaching an unprecedented number of accredited investors through the net: Over the last year, the total value of investable fund opportunities on Palico has grown to $55 billion from $19 billion.
“Given private equity’s expansion across asset classes and regions over the last decade, it’s no longer possible to navigate PE only through existing personal relationships, or simply via the old face-to-face meeting process,” says Antoine Drean, founder and chief executive of Palico. “There’s an acute need in this diverse fundraising environment for more efficient connections. That’s why Palico’s innovative online marketplace is capturing an ever larger share of private equity fundraising, fundamentally altering how investors and managers interact.”
In addition to its rapidly expanding fundraising opportunities, Palico’s new Secondaries Match platform, though only launched on September 20, already lists private equity fund stakes worth over $100 million. Using the same type of sophisticated algorithms as Palico’s primary marketplace, Secondaries Match offers radically simplified matching for buyers and sellers that can be used with or without the aid of intermediaries such as placement agents and gatekeepers.
ABOUT PALICO – Palico is the first global online marketplace for the private equity fund community. There are currently over $55 billion in investable opportunities on Palico, covering primaries, secondaries, and co-investments. Since establishing itself as a fintech pioneer in 2012, 35,000 professionals representing Limited Partners, General Partners, and Service Providers in more than 140 countries have joined Palico. Accredited LPs and GPs from around the world interact and exchange restricted private placement information in Palico’s secure marketplace, all with the goal of concluding transactions. Every member has access to Palico’s growing assortment of PE tools for refining investment hypotheses, analyzing opportunities, and finding new leads. Whether members connect over first-time funds, funds facing final close, co-investments or secondaries, Palico makes it easier to transact. Investors can join Palico at www.palico.com.
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