Palico, an online private equity fund marketplace, has signed up its 750th member. Palico, which has offices in Paris, New York and London, was co-founded by Antoine Dréan, who is also the founder of Triago, the global placement agent.
Palico welcomed its 750th member today, beating its 2012 target by 50%, after little more than six months in operation. Launched May 30, Palico’s ultimate ambition is to count most of the private equity fund community’s players among its members.
Palico is the first electronic platform to win broker-dealer licenses for the full range of private equity fund investment options, including classic fundraisings, co-investments and secondaries. Using Palico, private equity LPs, GPs and advisers, operating in over 100 countries, meet and engage with qualified counterparts on primary, co-investment and secondary opportunities.
Palico is achieving its targets by uniting a private equity fund universe that has fragmented dramatically over the past decade by geography, specialization and investment structure. A rapidly expanding range of private equity fund investment options now stretch well beyond private equity’s traditional markets in North America and Western Europe, and new money centers are rising in Asia, Latin America, the Middle East, Africa and Australasia. Yet neither LP nor GP resources are keeping pace with this diversification.
Palico prioritizes the number one problem that LPs, GPs and advisers face, which is how to make informed and efficient choices in an increasingly complex and diverse asset class. The platform lowers costs and stretches resources by bringing private equity fund investment opportunities to the desktops, tablets and smart phones of LPs, GPs and advisers for a low annual fee. “Our success demonstrates the value of a marketplace that complements existing personal networks without replacing them,” says Antoine Dréan, founder and CEO of Palico.
Over 100 investment opportunities – including classic fundraisings, co-investments, secondaries and deal-by-deal structures – have been listed on Palico, with the number of listings rising 50% per month on average. A selection of our members can be found at the bottom of our home page: www.palico.com
Palico is the first online private equity fund marketplace bringing together limited partners, general partners and advisers – in one place – to meet and engage with qualified counterparts. With offices in New York, London and Paris, Palico is secure, regulated and neutral. A member of the Financial Industry Regulatory Authority in the U.S. and licensed by the Autorité des Marchés Financiers in France, Palico satisfies normally restrictive private placement rules in over 100 countries. For more information: www.palico.com
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