Exact(2)
Some wealthy investors and big companies that previously committed money to venture funds are now unable to supply it — leaving these investors with the option of defaulting and losing what they already had invested, finding a replacement or selling their stake at a discount to what is known as a secondary firm.
Following the framework of Jarrow and Yu (2001), the jump in primary firm's bankruptcy barrier is designed as the loss on capital resulted from secondary firm's bankruptcy.
Similar(58)
We wrote about secondary firms last week, and they say they're getting a lot of calls.
And expense is still an issue for secondary firms, especially partnerships and companies where employees own a lot of shares.
These former staffers have to exercise their options within 90 days or else lose them, and they're calling secondary firms for help in figuring out what to do.
Secondary investment firm 137 Ventures is announcing that it has raised a $137 million new fund.
We joined forces with [the secondary investment firm] Industry Ventures [which participated in eShare's new round] to work on streamlining the process and bringing more transparency to it.
137 Ventures, the secondary investment firm that recently raised (naturally) a $137 million second fund, is announcing that co-founder and partner Kathy Chan is stepping back from her full-time role at the firm, although she will continue to be involved as a advisor.
Local inflammatory injury was manifested in significant increases of both primary interaction (rolling) and secondary interaction (firm adherence) of PMN granulocytes with the microvascular endothelium.
Moreover, the secondary market remains firm, according to market professionals.
While trades may still occur on the secondary markets, the firm will not officially sign off on any transfers until Monday, the people said.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com