Morgan Stanley Announces Launch of Private Markets Transaction Desk
04 Marzo 2024 - 10:00AM
Business Wire
- Companies are staying private longer, warranting the need for
liquidity solutions
- New offering supports secondary trading for shareholders of
private companies through an company-centric focus with concierge
service
- Investors gain access to a distinct array of private market
opportunities stemming from Morgan Stanley's unique ecosystem
encompassing Companies, Wealth Management Clients, and
Institutional Investors
Morgan Stanley Wealth Management announced today the launch of
its Private Markets Transaction Desk, a concierge service that
empowers eligible shareholders and investors to buy and sell
eligible private company shares in the secondary market. The
offering is part of Morgan Stanley’s broader Private Markets
ecosystem that provides a unique suite of solutions for companies,
employees and investors to serve a diversity of client needs.
Growth-stage venture-backed global companies worth over $1
billion in value have grown from 150 in 2015 to 1,000+ today, with
a current cumulative valuation of $4.3 trillion.1 The Private
Markets Transaction Desk has been launched to assist clients
seeking liquidity in a highly fragmented and opaque secondary
market.
“Alternative investments like private market shares are only
growing in importance as investors seek deeper portfolio
diversification,” said Jed Finn, Head of Morgan Stanley Wealth
Management. “We are fortunate to possess the largest alternatives
business there is, and when coupled with our world-class capital
markets and private company solutions, are in a unique position to
help meet the needs of both buyers and sellers within the private
market.”
The Private Markets Transaction Desk helps solve these needs
through an company-centric approach. Clients who use the desk can
benefit from direct support for one-off sales of private company
shares. Conversely, clients intent on investing in private
companies can gain access to investments not widely accessible.
This offering complements the existing private investment platforms
for clients offered through Morgan Stanley Wealth Management.
“As a larger percentage of capital formation and economic growth
is occurring in the private markets, we aim to continue to work
hand in hand with all of our clients to source and facilitate these
opportunities to create lasting value,” said Michael Gaviser, Head
of Private Markets, Morgan Stanley Wealth Management.
The Private Market Transaction Desk is currently live and
facilitating trades on behalf of clients. In addition to existing
client relationships, it has established relationships with leading
secondary marketplaces which can help clients gain exposure to a
broader market with a focus on transaction execution quality.
Morgan Stanley tapped industry veteran Jeff Urban to lead the desk,
who previously led a number of leading private and public markets
distribution and syndication businesses.
“As the private markets continue to evolve and mature, there is
an increased appetite among shareholders and potential investors
for a trusted institution to provide access to robust liquidity
solutions in the secondary markets,” said Kevin Swan, Head of
Private Markets Solutions. “With more investors and capital
entering the space, the Private Markets Transaction Desk puts
clients in the driver’s seat to streamline complex transactions and
address the needs on both sides of the market while working closely
with the company.”
Morgan Stanley continues to invest in private company solutions
to serve this growing market. Through the Shareworks equity
management platform, Morgan Stanley has achieved $20 billion+ in
company-led private share liquidity programs since 2020. With the
launch of the Private Markets Transaction Desk, the types of
liquidity programs Shareworks can support has expanded to give
companies a suite of automated solutions to manage secondary
transactions while maintaining control of their cap table.
About Morgan Stanley Wealth Management
Morgan Stanley Wealth Management is a leading financial services
firm that provides access to a wide range of products and services
to individuals, businesses, and institutions, including brokerage
and investment advisory services, financial and wealth planning,
cash management and lending products and services, annuities and
insurance, retirement, and trust services.
About Morgan Stanley
Morgan Stanley (NYSE: MS) is a leading global financial services
firm providing a wide range of investment banking, securities,
wealth management and investment management services. With offices
in 42 countries, the Firm’s employees serve clients worldwide
including corporations, governments, institutions and individuals.
For further information about Morgan Stanley, please visit
https://www.morganstanley.com/.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its
affiliates and Morgan Stanley Financial Advisors and Private Wealth
Advisors do not provide tax or legal advice. Clients should consult
their tax advisor for matters involving taxation and tax planning
and their attorney for matters involving trust and estate planning,
charitable giving, philanthropic planning and other legal
matters.
Alternative investments often are speculative and include a high
degree of risk. Investors could lose all or a substantial amount of
their investment. Alternative investments are appropriate only for
eligible, long-term investors who are willing to forgo liquidity
and put capital at risk for an indefinite period of time. They may
be highly illiquid and can engage in leverage and other speculative
practices that may increase the volatility and risk of loss.
Alternative Investments typically have higher fees than traditional
investments. Investors should carefully review and consider
potential risks before investing.
Private equity interests may be highly illiquid, involve a high
degree of risk and be subject to transfer restrictions.
Clients are responsible for complying with applicable securities
laws requirements and potential issuer restrictions and should
consult with third-party advisors regarding the risks of
transacting in private issuer securities, including the risk of
transacting in a market with little or no price transparency or
liquidity.
With respect to the Private Markets Transaction Desk, Morgan
Stanley: provides no opinion or view on the valuation of any
private issuer securities or the sufficiency, fairness or
competitiveness of any price obtained; does not solicit, make any
recommendations or provide any investment advice associated with
any investment in private issuers; and does not act as underwriter,
placement agent, distributor, or in any other similar capacity.
© 2024 Morgan Stanley at Work and Shareworks services are
provided by Morgan Stanley Smith Barney LLC, member SIPC, and its
affiliates, all wholly owned subsidiaries of Morgan Stanley.
1
https://pitchbook.com/news/articles/unicorn-startups-list-trends
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version on businesswire.com: https://www.businesswire.com/news/home/20240304793521/en/
Media Relations Contacts: Thayer Fox;
Thayer.Fox@morganstanley.com; Lynn Cocchiola,
Lynn.Cocchiola@morganstanley.com
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