The PORTAL Alliance
The PORTAL Alliance is an open, industry-wide platform for the offering, trading and centralization of information in privately placed 144A equity securities. The PORTAL Alliance was formed by leading securities firms and the NASDAQ OMX Group. All securities firms are invited to use and participate in the PORTAL Alliance.
The founders of the PORTAL Alliance saw the need to centralize and bring uniformity to the capital formation process and secondary trading for the 144A private equity market. The PORTAL Alliance has agreed to form an open, industry-standard platform and implement standard procedures for the offering, trading, shareholder tracking and settlement of private equity securities sold to Qualified Institutional Buyers (QIBs) with the goal of providing a better market for investors and issuers.
The PORTAL Alliance members will commit to using their resources and expertise to develop an unbiased state-of-the-art facility for the issuance, trading and settlement of unregistered securities in the 144A equity market. The PORTAL Alliance members will set up a neutral process which will focus on developing the trading infrastructure and the processes for investor qualification and tracking, transaction settlement and dissemination of issuer and trading information with input from issuers and investors. To learn more about the PORTAL Alliance, visit www.portalalliancemarket.com.
