The secondary market for shares of venture-backed private companies will remain largely under served for years to come. More information transparency is needed for it to live up to its potential.

Last year was pretty solid year for the secondary market. SecondMarket’s results are just one example. The online exchange for private company shares said its transaction volume surged 55% to $558 million as ex-employees, investors and founders sold shares to institutional and other buyers. This year could be a moment of truth. With private company [...]

Hercules Technology Growth Capital released its year-end results with details on its venture debt business. The company said commitments in 2011 were about $630 million, up 20% from last year.  Hercules also said in a press release that it entered into an agreement to buy about $9.6 million of Facebook (307,500 shares) on the secondary [...]

San Francisco-based Industry Ventures announced today that it has closed a $400 million secondary fund focused on venture capital and technology growth equity investments. Fund VI is the firm’s largest fund to date. Its fifth fund, which totaled $265 million, closed in 2008. Earlier this year, the firm closed a $155 million Special Opportunities Fund, [...]

The secondary markets for private company stock may seem like the Wild West, with unstructured valuations and less than ideal information disclosure. Yet several securities laws apply to transactions now taking place, and the onus falls on companies to follow rules meant to level the playing field, including making some confidential information about their businesses [...]

Hey, it’s Friday. Time to catch up on your reading. Here are the 10 posts regular peHUB readers found most interesting this week.

1. Slideshow: Top 10 Biggest Winners in LinkedIn’s Moon-Shot IPO, by Lawrence Aragon

2. Slide Show: Top IPO Pops By Venture-Backed Companies, by Steve Bills

3. VCs Are Interested in Stuff Besides Social Media (Really), by Nadia Damouni and Jennifer Saba, Reuters

4. VCs from Accel, Atlas and Google Ventures Are Skeptical of Secondary Market Trading, by Jennifer Saba and Nadia Damouni, Reuters

5. Scoop: ‘Super LP’ Chris Douvos Leaving The Investment Fund for Foundations, by Lawrence Aragon

6. Jeffrey Bussgang: Five Lessons Entrepreneurs Can Learn from Navy SEALs, by Jeffrey Bussgang, Flybridge Capital Partners

7. Lovechildren, Sexual Assaults, Now A Lovelorn Venture Elopement Sparks Controversy In China, by Mark Boslet

8. The Good-But-Not-Great News About Venture Returns, by Connie Loizos

9. Jules Maltz Speeds to GP Post at IVP, by peHUB staff

10. UBS Adds Frisch to Tech Banking Team, by Nadia Damouni, Reuters

Want to catch up on what your colleagues found most interesting on peHUB last week? Here are the top 10 blog posts written by peHUB staffers that garnered the most pageviews from our regular readers from April 18 to April 22.

No. 1: Concern Grows Over Founders Cashing Out Too Much, Too Early
No. 2: Fund Terms Grow Sweeter; Bain Expected To Offer 20% Carry
No. 3: Churchill Financial Files To Form A BDC
No. 4: Hungry VCs Like the Taste of Social Food Sites
No. 5: Charlesbank, H.I.G. Sell Vision Source After Nearly A Year
No. 6: Global Secondary Market Expected to Surpass $25B, as Asian Deals Take Off
No. 7: Decide.com Gets Another Big Name Advisor And $6M In Cash
No. 8: Social Scene: Hard-to-Get Seats at Obama’s Facebook Town Hall, Foundry Dudes Rock a New Band, 13-Year-Old’s Entreprenurial Spirit Inspires
No. 9: Silver Lake Kraftwerk Confirms Atluru And Fichtner As Partners
No. 10: Washington State Re-Ups With $300 Million to Providence Equity Partners

Want to catch up on what your colleagues found most interesting on peHUB this week? Here are the blog posts written by our staff this week that garnered the most pageviews by our regular readers from March 28 to April 1. (Note: Instead of tracking total pageviews, this list now tracks pageviews by return readers to make it more relevant to our core audience. –Ed.)

Post No. 1: Slideshow: Top Performing VC-backed Chinese IPOs – by Lawrence Aragon

Post No. 2: Who Are The Most Influential VCs and Angels? Check Out This List – by Mark Boslet

Post No. 3: Harris Williams, Known for Keeping its Senior Bankers, Sees 7 MDs Leave Since 2009 – by Luisa Beltran

Post No. 4: Best and Worst of Venture – by Joanna Glasner

Post No. 5: SecondMarket Looking Into Cutting Out the Middleman (VC Firms) – by Jonathan Marino

Post No. 6: A Case Study In What Not to Do: America’s Biggest Company Goes Down in Flames on Twitter – by Connie Loizos

Post No. 7: One Institutional LP on VCs Buying Up Secondary Shares – by Connie Loizos

Post No 8: After Blippy, Pud Contemplates His Next Move – by Connie Loizos

Post No. 9: NY Shop To Close Fund V At Hard Cap – by Bernard Vaughan

Post No. 10: Apollo Shareholder Puzzle: Where Do You Fit In? – by Gregory Roth

Millennium Technology Value Partners is to announce Wednesday that Alex Ferrara is to join the firm as a partner. Ferrara, formerly a partner at Bessemer Venture Partners, will have an initial focus on investments in Internet companies and businesses combining financial services and digital technology. PRESS RELEASE Alex Ferrara Joins Millennium Technology Value Partners as [...]

Secondary trading in private technology companies will generate $10 billion in volume within three years, Millennium Technology Value Partners predicts. The secondary fund offered its forecast along with a review of recent investments. Clearly it sees a burgeoning market for secondary shares. Among the firm’s top pronouncements: A trillion dollars in public company capitalization will [...]