Davis Polk advised PJT Partners in connection with its joint venture with Nasdaq Private Market, a business of Nasdaq, Inc., to provide enhanced execution capabilities for general partner-sponsored secondary transactions. This agreement combines the capabilities of PJT Park Hill’s secondary advisory business and NPM’s market leading technology platform.
PJT Partners is a global advisory-focused investment bank that delivers a wide array of strategic advisory, shareholder advisory, restructuring and special situations and private fund advisory and placement services to corporations, financial sponsors, institutional investors and governments around the world. Through PJT Park Hill, PJT Partners provides private fund advisory and fundraising services for alternative investment managers, including private equity funds, real estate funds and hedge funds.
NPM is a premier liquidity provider to private companies and provides comprehensive technology and capital market support to meet its clients’ needs. Nasdaq is a global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today’s global capital markets. As the creator of the world’s first electronic stock market, its technology powers more than 100 marketplaces in 50 countries. Nasdaq is home to approximately 4,000 total listings with a market value of approximately $14 trillion.
The Davis Polk investment management team included partner Leor Landa and associate Brantley A. Hawkins. Partner Frank J. Azzopardi and associate Tilak Koilvaram provided intellectual property and technology advice. Partner Mary Conway provided tax advice. All members of the Davis Polk team are based in the New York office.