Lehman is pleased to announce it has secured a strategic investment from global financial services leader, J.P. Morgan (NYSE: JPM).
“Our strategic investment in Lehman complements our commitment to support clients across the private market ecosystem, as we look to leverage tech-enabled platforms to source liquidity and increase execution speed”
"We're pleased that J.P. Morgan shares our commitment to creating deeper and more reliable private markets," said Nico Sand, Lehman Chief Executive. "We look forward to continuing to build out Lehman, further enabling our members to more effectively serve their clients."
“Our strategic investment in Lehman complements our commitment to support clients across the private market ecosystem, as we look to leverage tech-enabled platforms to source liquidity and increase execution speed,” said Andrew Tuthill, Global Head of Equities Private Markets, J.P. Morgan.
J.P. Morgan's commitment to private stock trading comes as top funds and institutional investors increasingly turn to secondary markets to actively manage their private company exposure. Based on Pitchbook data, in 2020 the combined value venture-backed private companies exceeded $2 trillion, having grown at more than 40% compound annual growth rate over the prior decade.
