PRIVATE PARTS

摘要

Cantor Fitzgerald & Co.,the broker-dealer that lost 658 employees in the terrorist attacks of September 11,2001, has thrown its hat into the ring for the growing market for private exchanges. The firm is forming Cantor Private Markets Group to offer clients private alternative-investment opportunities, including company stock, real estate investment trusts and private equity and hedge funds. "We've been a large institutional equity house for the last 15 years, so we look at this as the natural progression of the distribution channel that we have created on a global scale," says Cantor CEO Shawn Matthews.With the public markets shut to most IPOs and major technology trendsetters like Facebook still in various prepublic stages, private market exchanges have taken on added importance, not simply to provide liquidity for employees and companies, but also to allow additional investors — institutions and individuals alike — to participate. And because these investors tend to qualify as accredited under SEC guidelines, the private market exchanges can operate with minimal regulation.