The $8.6 million seed round from Motive Ventures, Portage, Apollo, and Hamilton Lane will support the build-out of AI-powered credit infrastructure.
The collaboration with LODAS Markets will first provide an additional liquidity pathway to investors of Harrison Street AM semi-liquid evergreen funds.
The credit secondaries vehicle will reportedly acquire loans from the manager's existing portfolio and provide fresh capital for new lending.
The tender offer fund targets private credit investments through primaries, secondaries, co-investments, and directs.
The order bars a former NPM employee from working at Hiive for a period of three months and from soliciting NPM employees and customers for one year.
The ongoing saga between the rival secondary market trading platforms continues to escalate, with new allegations that Hiive solicited employees to access proprietary information.
The initiative leverages blockchain-based distribution models to expand access to the firm's Luxembourg-domiciled SICAV fund.
Under the agreement, investors using Glide's platform can borrow against their portfolios without monthly interest payments, with repayment tied to future fund distributions.
Feichtner will help develop scalable, regulatory-compliant secondaries infrastructure for private market products within the wealth segment.
The first-of-its-kind solution relentlessly tracks the semi-liquid evergreen fund universe through comprehensive, comparable data and dedicated news coverage.
