TEL AVIV, Sept 11 PrivatEquity.biz, the first
secondary market trading arena in Israel, will allow investment
managers in the United Kingdom to invest in the secondary market
in Israel, focusing on private high tech firms.
The company said on Thursday it is negotiating with a number
of UK-based entities. London was chosen along with Berlin as one
of the first two centres to which PrivatEquity.biz is expanding
outside of Israel.
The arena, launched in July, offers private investors,
venture capital funds and institutional investors opportunities
to purchase private companies' securities.
It allows investing in securities held by employees,
founders, and service providers who hold private securities.
PrivatEquity.biz said it is inviting UK investment managers
that manage over $2 million to establish in-house venture
capital funds to invest in these securities.
The programme is designed for investment managers and
financial consultants, private banking entities, large and small
investment houses, pension consultants and insurance agents.
"The trade in private shares is one of the fast-growing
fields in the financial trade world," Oren Harel, chairman of
PrivatEquity.biz, said in a statement.
(Reporting by Tova Cohen)