The first global online marketplace for the private equity fund community will use the new capital to strengthen its market leading position.
May 18, 2015 – New investors, comprising half a dozen family offices and prominent private equity professionals from Europe and the United States, joined Palico’s historic shareholders, including founder Antoine Drean, in this latest funding round, which closed today on $7.3 million in equity. Palico’s private equity marketplace has raised $19.2 million, including its initial start-up capital in 2011. Palico is the first private equity marketplace that puts accredited investors into direct contact with fund managers, sponsors of co-investments and sellers of secondary stakes. In addition to one-on-one conversations, its secure, encrypted technology permits the exchange of water-marked private placement documents between qualified sponsors and accredited investors.
“This latest funding ensures that Palico has plenty of firepower to pursue its long-term development and strengthen its first-mover advantage,” says founder and chief executive Antoine Drean. “Given the rapid diversification of private equity opportunities by geography, specialization and structure, better information exchange and direct online access to otherwise hard-to-reach counterparties is essential for the healthy growth of the industry. Palico uses cutting-edge technology to deliver these key ingredients to the world’s private equity professionals. Palico is creating a more efficient and lucrative asset class for all.”
The latest funding comes at a time of exponential growth for Palico’s marketplace. New initiatives and services targeting institutional investors and individuals are expected to further accelerate Palico’s growth. Enriched services for the buying and selling of secondaries and the roll-out of new analysis tools will also enhance Palico’s value proposition and platform growth. “We are creating a virtuous circle,” says Drean. “As we continue to help private equity grow, over the next few years we believe Palico will attract hundreds of thousands members.”
Since going live in 2012 Palico has become private equity’s leading global online hub for investment opportunities. It currently lists over 1,500 primary fundraising, co-investment and secondary opportunities. Palico is also a key source for news and information, including manager and investor profiles and comprehensive fund performance data, all personalized according to individual member interests. Palico is easy to use via desktop, laptop, tablet and smartphone.
Palico is the first global online marketplace for the private equity fund community covering fundraising, co-investment and secondary opportunities. As such, it is a pioneer in the fintech sector. Since Palico launched in 2012, over 15,000 professionals representing Limited Partners, General Partners, and Service Providers in over 70 countries have joined its marketplace. LPs and GPs discover investment opportunities and engage each other in a secure environment where accredited investors can efficiently exchange restricted information before deciding whether to take the conversation further. All members have access to Palico’s growing assortment of PE tools for building their networks, refining investment hypotheses, analyzing opportunities, and finding new leads. These include a GP Screener, a Fund Screener, a People Screener, Fund Performance Data, a personalized PE news service, and the companion Palico News app. Palico is based in Paris and brings together a multi-national team with backgrounds in private equity and web-based business development. Investors can join Palico at www.palico.com
ABOUT ANTOINE DREAN
Antoine Drean has over 20 years of experience as an industry pioneer, having successfully founded and developed three innovative ventures in private equity. In 1992 Antoine founded Triago, Europe’s first private equity placement agent and today a global leader in fundraising, secondary and strategic advisory. In 2007, Antoine created Mantra, an investment company focused on listed private equity funds and non-traditional private equity funds. Antoine’s latest venture, Palico, launched in May 2012, is the world’s first global online private equity fund marketplace covering fundraising, co-investment and secondary opportunities. As such, it is a pioneer in the fintech sector. Antoine earned an MBA from the Wharton School in 1992 and is the Vice-Chairman of its Executive Board for Europe, the Middle East, and Africa.
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