Private Securities Marketplace EquityZen Connects with RIAs and Family Offices in Partnership with Addepar
EquityZen is broadening pre-IPO access to RIAs and Family Offices through a new partnership with Addepar, according to a note from the company. Addepar is a Wealthtech management platform that specializes in data aggregation, analytics, and performance reporting. Currently, $1.7 trillion in assets are tracked on the platform.
Through a recently launched Marketplace, Addepar clients who advise and manage assets will now have access to EquityZen’s private securities offerings, typically securities issued under Reg D. EquityZen apparently has experienced their largest volume of buyers and seller transactions in May – more than any other time in the company’s history. As more companies seek to remain private as long as possible, due to the excessive cost of going public, private marketplaces have risen to fill the liquidity gap.