Collaboration Offers a Secondary Market Liquidity Platform in the Alternative Investment Market
NEW JERSEY, FEBRUARY 15, 2024: Socium Fund Services, a Suntera Global company specializing in private equity and private credit fund administration, is partnering with Hedgebay Securities, LLC, a FINRA-registered broker-dealer. This collaboration aims to deliver tailored secondary market liquidity solutions to General Partners (GPs) and Limited Partners (LPs) in the alternative investments market.
Private investment funds have long faced challenges in providing liquidity options for their investors. Leveraging Hedgebay’s innovative platform, Socium’s clients can now access a controlled, secure environment curated by the GP, allowing investors to buy or sell their LP interests seamlessly. Moreover, Hedgebay’s unique solution allows GPs and LPs to gain the ability to borrow or lend against their singular LP positions, private companies, and other private or illiquid assets.
Jason Meklinsky, Chief Revenue Officer at Socium Fund Services, emphasized the significance of strategic alliances in adapting to the dynamic market landscape. “Our commitment lies in empowering clients to navigate the evolving market with flexibility and sustainability,” stated Meklinsky. “Recognizing the pivotal role liquidity plays in private fund investments, our collaboration with Hedgebay offers a compelling solution, enabling firms to optimize their investment strategies effectively. Hedgebay’s proven secondary marketplace facilitates liquidity for both GPs and LPs, encompassing buying, selling, borrowing, and lending against private or illiquid assets.”
Jared Herman, President of Hedgebay Securities, added, “We are excited to join forces with leading global fund administrators like Socium, who seek innovative solutions to meet the evolving needs of their clients. Liquidity has long been a challenge for participants in the private markets, and now, through Socium’s initiative, their clients can access a marketplace with 24 years of experience that provides multiple liquidity options, including financing for future fund commitments, asset sales, or opportunistic purchases. We look forward to working with Socium and their clients.”
About Socium Fund Services, a Suntera Global company
As a leading Middle Market Private Equity and Private Credit Fund Administrator, Socium Fund Services, a Suntera Global company, offers customized middle and back-office solutions to institutional managers with a consultative service approach. We leverage our scalable and flexible technology stack to provide straight-through processing for all asset types our clients may invest in. With a US-based service team that delivers technical accounting expertise, we are well-positioned to help our clients grow through a true partnership model. Learn more about our firm by visiting www.sociumllc.com.
About Hedgebay Securities, LLC
Founded in 1999, Hedgebay Securities, LLC helps match sophisticated buyers and seller of hedge fund interests and other illiquid alternative investment assets. Users include fund of hedge funds, family offices, banks, pension funds, insurance companies, endowments, foundations and sovereign wealth funds from over 50 countries around the world. Billions of dollars of secondary market transactions have been settled through the platform, providing comprehensive insight into price discovery and market value of illiquid alternative investment assets. Learn more at www.hedgebay.com.