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New Open Call* Now Available!

The Acceleration of Private Markets

The growth of private equity markets has been remarkable over the past two decades. Private markets have expanded at a faster pace than public markets, driven in part by institutional investor demand and the emergence of technology-enabled platforms that connect private investors and companies.

Companies are staying private longer due to favorable funding conditions, the desire for strategic flexibility, and the burdens of public market regulations. This Open Call explores why companies are staying private longer, the distinctions between private and public equity companies, the growth trajectory of private markets relative to public markets, and technology-enabled platforms that connect private investors and companies.

With Presenter

Brett Mock

Chairman, NPM International

Nasdaq Private Market

Open Call Index

Opening Remarks - 00:00

Why are companies staying private longer? - 02:51

Key differences between equity private and public markets - 05:50

The Sarbanes-Oxley Act, WeWork, and FTX - 13:55

Innovation in the equity private markets - 16:40

Paul Atkins and Accredited Investors - 20:25

About Brett Mock

Brett Mock is the Chairman of NPM International at Nasdaq Private Market, leading the company’s expansion efforts for its secondary liquidity solutions worldwide. He is responsible for creating new distribution partnerships with financial institutions in key strategic growth markets across Europe, Asia-Pacific, Latin America, and the Middle East. Previously, Brett was a Senior Vice President and the Head of Global Capital Markets at Nasdaq Private Market (NPM), managing the broker-dealer, Capital Markets team, marketplace technology, and SPV product. Prior to NPM, Brett was a Senior Vice President and Head of Sales at Capital Markets Gateway (CMG), between 2017 and 2020. CMG completed a Series B funding round in 2020. Previously, he was a Partner and Managing Director at JonesTrading, where he covered large mutual funds and hedge funds.

He was the National Chairman of the Security Traders Association in 2010 and board member between 2005 and 2011. In 2005, Brett was President of the San Francisco Security Traders Association and a board member from 2002 to 2006. He earned his undergraduate degrees from the University of Washington.

About Nasdaq Private Market

As an industry-leading provider in the secondary market for the past decade, NPM has executed more than $55 billion in transactional value across 760+ company-sponsored liquidity programs for venture-backed private companies as well as 200,000+ individual shareholders and investors. NPM’s primary business lines include Company Solutions, SecondMarket Trading Marketplace, Transfer and Settlement, and Tape DTM Data and Analytics. Nasdaq Private Market provides liquidity solutions for private companies, employees, and investors throughout each stage of the pre-IPO lifecycle. In 2013, the company was founded within Nasdaq, Inc. Today, it is an independent company with strategic investments from Nasdaq, Allen & Company, Bank of America, BNP Paribas, Citi, DRW Venture Capital, Goldman Sachs, HiJoJo Partners, Morgan Stanley, UBS, and Wells Fargo.

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*STA Open Calls are brought to you by the STA Foundation. A 501c-3 corporation which serves as STA's educational arm. STA Open Calls are for educational purposes only. Anything said should not be considered legal or investment advice.