NYPPEX provides specialized investment banking and advisory services for private equity and debt portfolio divestitures to sell side and buy side institutions and hedge funds. Private equity includes interests in private equity (and other) partnerships, hedge funds and unregistered securities in private (or public) companies.

We believe, NYPPEX has amassed the largest pool of global private market liquidity estimated at over $10 billion through 76 institutional members (as of June 1, 2007).

Our services may include due diligence, fair value analytics, deal structuring, document creation, transfer coordination among portfolio companies and funds, proactive marketing or auction management, price and document negotiation, settlement management and also temporary portfolio management (through our registered investment advisor affiliate) on behalf of clients.

Prospective selling parties worldwide include:

	Institutions such as public and private pension funds, corporations, financial institutions, insurance companies, endowments and foundations.
	Advisors
	Broker-dealers
	Private clients

Motivations to sell include:

	Corporations with new portfolios or strategies, typically as a result of mergers
	Institutions seeking to rebalance alternative asset portfolios
	Limited partners seeking exit events
	General partners seeking to diversify personal net worth
	Family offices seeking liquidity
	Pension funds seeking to create portfolio management efficiencies by selling smaller holdings

Motivations to buy include:

	The ability to immediately increase portfolio weightings in private funds and direct investments
	The opportunity to add holdings in private funds entering their cash distribution phase and private companies nearing their exit events
	The ability to invest in difficult to access venture and buyout funds
	To avoid fund management fees in the early years of operations
	The opportunity to generate superior returns
	The ability to acquire secondary interests in private funds and direct investments at attractive discounts to net asset value

IRS Private Letter Ruling to NYPPEX provides significant comfort to general partners and their legal counsel to quickly approve private transfers of interests if done through NYPPEX (also, private funds can permit annual transfers up to 10% of capital committed through the NYPPEX QMS vs. the standard 2% under IRS 1.7704).

Eligible U.S. and non U.S. private funds whose restricted interests may privately trade at NYPPEX include venture, private equity, buyout, hedge (hedge funds), mezzanine, debt, secondary private equity, distressed, energy, natural resources, currencies etc. Legal structures include limited partnerships, limited liability companies, funds of funds, trusts, offshore etc. Eligible U.S. and non U.S. private companies whose restricted securities may privately trade at NYPPEX include those suitable for venture, private equity, buyout or debt private fund portfolios. Financial profiles can range from distressed to pre-IPO.

Portfolio divestitures are categorized as:

	$100 million or more – in gross offering proceeds.
	$25 to $99.9 million – in gross offering proceeds.
	Less than $25 million – in gross offering proceeds.