# Nasdaq Private Market

Nasdaq Private Market is an Asset Manager based in New York, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** 3 East 28th Street, 7th Floor, New York, NY 10016
- **Founded:** 2013
- **Assets under management:** Undisclosed
- **Website:** nasdaqprivatemarket.com

## Regulatory record

- **Reports private funds:** No

## About

Nasdaq Private Market operates a secondary trading marketplace for private company transactions. The company facilitates private company stock transactions, including tender offers, auctions, and block trades. It was founded in 2013 and is based in New York, New York.

## Sectors

- Enterprise Software
- FinTech
- Digital Health
- AI/ML
- ClimateTech
- Mobility & Transportation
- Robotics & Automation
- SpaceTech
- Cybersecurity

## People

- Tom Callahan — Chief Executive Officer
- James Brooks — Chief Strategy Officer
- Mike Buono — Managing Director and Co-Head of Private Shares Trading
- Rotem David — Chief Product and Technology Officer

## Questions

### How does Nasdaq Private Market source its deal flow?

Deal flow originates directly from the 1,000+ private companies it serves for tender offers, buybacks, and capital raises. Because NPM administers company-led liquidity programs, it sits at the source of corporate equity sales rather than relying solely on shareholder-initiated secondary selling. This embedded relationship model gives the platform continuous, structured access to new issuance and secondary transaction volume.

### What investment stages does Nasdaq Private Market typically target?

NPM does not invest as a principal; it facilitates liquidity for shareholders of private companies that are generally late-stage, venture-backed, pre-IPO businesses. The companies using its platform represent a range of stages, but the common characteristic is meaningful secondary-market demand from institutional and accredited investors. Sectors served include enterprise software, fintech, digital health, and climate technology.

### Who runs investment decisions at Nasdaq Private Market?

Tom Callahan is the Chief Executive Officer and sets firm-wide strategy. Mike Buono, as Managing Director and Co-Head of Private Shares Trading, leads the trading desk that matches buy and sell orders on the secondary marketplace. Unlike a fund with a CIO, NPM's 'investment decisions' are operational and marketplace-driven — structuring liquidity programs for companies and executing order flow, not allocating a balance sheet.

### How is Nasdaq Private Market related to Nasdaq, Inc.?

Nasdaq Private Market was originally founded as a unit of Nasdaq, Inc. in 2013. It was spun out as an independent company in 2021 with backing from a bank consortium and a continued strategic investment from Nasdaq, Inc. Nasdaq, Inc. also led NPM's $62.4 million Series B round in 2024. The two companies maintain a close commercial and strategic relationship, but NPM operates as a separate, privately held entity.

### What is Nasdaq Private Market's known posture on data availability?

NPM operates a proprietary pricing and data product called NPM Data and Intelligence, which includes Tape D — a daily pricing and valuation signal product sourced from actual primary and secondary transactions. The firm views its high-information data layer as a core piece of market infrastructure, supporting price discovery for trading, regulatory compliance, and ASC 820/IFRS 13 fair-value reporting for institutional participants.

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- [CROWDE](https://altss.com/profile/crowde)
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Last updated: 2026-06-03T20:00:00.000Z

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