Syndex Announces Three Million Dollars Traded
Syndex Announces Three Million Dollars Traded in Alternative Investments on its Secondary Marketplace
12th March 2018
Online trading platform Syndex has broken the three-million-dollar threshold of trades on its secondary market.
Syndex is an independent online trading platform for proportionally-owned, alternative assets such as agricultural assets, commercial property and private equity.
Via its cloud-based exchange, Syndex provides liquidity opportunities for primary and secondary market listings, and an investment opportunities market to support more traditional capital raising activity.
“We are thrilled with this milestone as it confirms the growing trend for investment into the alternative investment category” says CEO Ross Verry of Syndex. “We are seeing a widening interest in agri-assets including horticulture. There is always demand for growth capital from business owners in the private markets, as well as New Zealanders’ long-standing preference for real estate. It is an exciting time to be able to match supply and demand, as there are some really interesting investment opportunities in proportionally-owned assets out there.”
“The $3 million achievement within the secondary market also validates that Syndex is fulfilling a need for liquidity for these types of investments and giving investors peace of mind that they can sell or exit their investment if an unexpected need arises. A transparent and fair process has been elusive in the past, so Syndex certainly improves the attractiveness of proportionally-owned alternative assets,” says Verry.
Syndex supports the growing trend towards alternative assets and a greater interest in real assets that reduce the reliance on more traditional investments.
A global Limited Partnership survey1 report released in September 2017 found that:
.. 35% of respondents said alternative investments made up more than 30% of their allocation.
.. 66% of those surveyed were planning to increase their allocation to alternatives by between 1% and 10% this year, and
.. 54% of respondents wanted better transparency from their fund managers.
By trading a shareholding opportunity through Syndex, Issuers have a more streamlined end-to-end management of syndicates including; communication, documents and regulatory requirements, plus facilitating the management of the settlement process. Investors get access to a suite of portfolio management tools and services, including valuations, analytics, messaging and access to syndicate or entity documentation.
Verry says, “It gives Syndex investors exposure to interesting investments that have passed our listing criteria”.
Founder and Executive Director; Mike Jenkins says, “Syndex is the first of its kind and promotes accessibility to private markets in a transparent and orderly fashion. The New Zealand economy is substantially made up of small to medium size enterprises and we must support business owners and their investors. Important matters such as governance, reporting and liquidity require discipline from business owners on the one hand, and capital market infrastructure on the other. It’s the only way to support fair, orderly and transparent capital raising and trading activity.
“Syndex provides both sides of this equation and offers a structured, yet vibrant ecosystem essential to the ongoing development and growth of private capital markets in New Zealand.”
Syndex is an online exchange for real assets and private equity – its focus is to bring transparency, liquidity, independence and price discovery to private markets for any proportionally-owned alternative assets. Its three key modules work in unison:
strong>Peer-to-peer Exchange: investors can buy and sell their investments in real time, with Syndex facilitating the management of the settlement process.
Investor portal: a suite of portfolio management tools and services, including valuations, messaging and communications and access to investment documentation.
Issuer Manager module: provides for the end-to-end management of investment and company structures, including ownership registry, investor relationship management and communication, document management and event management. Also provides electronic identity verification to support due diligence and Anti-Money Laundering (“AML”) obligations.