EquityZen expands pre-IPO access to RIAs & family offices
EquityZen is expanding pre-IPO access to RIAs and family offices through a new partnership with Addepar, a technology platform for wealth management firms.
Through the newly launched Marketplace, Addepar clients who advise and manage on nearly USD2 trillion in assets will now have access to EquityZen’s pre-IPO investment offerings.
“EquityZen’s mission has always been to increase investor access to the private markets. We are thrilled to work with Addepar to help leading RIAs and Family Offices seamlessly access EquityZen investments,” says Atish Davda, EquityZen’s CEO.
In recent years, EquityZen has expanded its footprint in the wealth intermediary space, serving a growing number of RIAs and Family Offices looking to gain access to private, late stage technology companies.
“We have seen growing interest from advisors looking for differentiated and compelling alternative investment opportunities for their clients. Given the current market environment, many private companies are trading at greater discounts, which has created attractive buying opportunities,” says Phil Haslett, EquityZen’s Chief Revenue Officer. This strategy has proven fruitful for EquityZen investors. Since 2013, EquityZen has produced a 43 per cent realised return for investors across 37 investment exits, resulting in a net IRR of 25 per cent.
In addition to pre-IPO investment offerings, EquityZen’s Knowledge Center provides research and resources to help educate the advisor community on private market investments. “Having placed over 11,000 private market transactions in over half of the top U.S. tech unicorns, our clients look to us to be a thought leader in the pre-IPO market,” says Davda.
EquityZen thanks its shareholder, investor and issuer clients for their support and the important role they’ve played in bringing private markets to the public. We remain committed to serving the needs of our clients through new opportunities like this partnership and look forward to continued success for all EquityZen clients.