Under the agreement, investors using Glide's platform can borrow against their portfolios without monthly interest payments, with repayment tied to future fund distributions.
The platform combines transaction-based pricing, cap-table data, source documents, and waterfall analysis across more than $5 trillion of private companies.
The new offering gives GPs a structured way to create investor liquidity with greater transparency on buyer selection, pricing, and timing, according to the private credit-focused firm.
The secondary market veteran joins from Raymond James and will focus on originating and developing financing and liquidity opportunities for sponsors.
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 partnership allows individuals to trade on valuation milestones, IPO timing, and secondary market activity.
The secondaries platform is suing rival Hiive for copying elements of its private share transfer and settlement technology.
Feichtner will help develop scalable, regulatory-compliant secondaries infrastructure for private market products within the wealth segment.
The $8.6 million seed round from Motive Ventures, Portage, Apollo, and Hamilton Lane will support the build-out of AI-powered credit infrastructure.
