Knight Capital Group Introduces Secondary Direct Trading Offering With GreenCrest Capital Management
JERSEY CITY, N.J., Dec. 20, 2011 /PRNewswire/ -- Knight Capital Group, Inc. (NYSE Euronext: KCG) today announced that the Equity Capital Markets team has established a relationship with GreenCrest Capital Management LLC to enhance Knight's ability to offer institutions access to and trading in shares of leading private companies.
As part of the advising and consulting agreement, Knight and GreenCrest will work together to offer access to the secondary direct market, which provides liquidity to venture capital and private equity firms, company management, employees and other investors in private companies. Knight will draw on GreenCrest Capital's expertise in identifying and analyzing leading private companies to source securities through in-depth relationships with company management and shareholders. At the same time, clients have access to Knight's trading and distribution channels, allowing institutions to invest in private companies and companies to raise private capital and provide liquidity for their employees and shareholders.
"We see tremendous potential in the secondary direct market, and in speaking with our clients, know that there is great interest in the opportunities this alliance will present," said Bill Kelly, Managing Director and head of the Equity Capital Markets group at Knight. "Knight is a top trader and market maker in U.S. equities and a leading provider of liquidity and trading solutions. We are thrilled to team up with GreenCrest, which is well-known in the industry for their high-quality research product and solid relationships with both the private company and venture capital communities."
"We are excited to work with Knight to serve mutual funds, hedge funds, family offices and other sophisticated investors who are looking to take part in the secondary direct market," said Boaz Rahav, General Partner at GreenCrest Capital. "Our unique equity research and deep relationships with companies, coupled with Knight's institutional investor client base, will improve transparency and create new investment opportunities for our clients."
GreenCrest Capital provides insight and access into leading private companies through an established team of experienced analysts, researchers, economists and industry veterans focused exclusively on private companies with a proven track record of success. Producing quality research on a private company is uniquely challenging, and GreenCrest's collaborative examination employs forensic analysis combining primary research as well as secondary information sources.
Knight Capital Group (NYSE Euronext: KCG) is a global financial services firm that provides access to the capital markets across multiple asset classes to a broad network of clients, including buy- and sell-side firms and corporations. Knight is headquartered in Jersey City, N.J. with a global presence across the Americas, Europe, and the Asia Pacific region. For further information about Knight, please visit www.knight.com.
Certain statements contained herein may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are not historical facts and are based on current expectations, estimates and projections about the Company's industry, management's beliefs and certain assumptions made by management, many of which, by their nature, are inherently uncertain and beyond our control. Accordingly, readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict including, without limitation, risks related to the corporate restructuring in the third quarter 2011, including the ability to recognize anticipated cost savings, the possibility of unexpected costs or expenditures, and the impact of the restructuring on the Company's businesses and results of operations, risks associated with changes in market structure, legislative, regulatory and financial rules changes, risks associated with the Company's changes to its organizational structure and management and the costs, the integration, performance and operation of businesses recently acquired or developed organically, or that may be acquired or developed organically in the future. Readers should carefully review the risks and uncertainties disclosed in the Company's reports with the U.S. Securities and Exchange Commission (SEC), including, without limitation, those detailed under the headings "Certain Factors Affecting Results of Operations" and "Risk Factors" in the Company's Annual Report on Form 10-K for the year-ended December 31, 2010, and in other reports or documents the Company files with, or furnishes to, the SEC from time to time. This information should also be read in conjunction with the Company's Consolidated Financial Statements and the Notes thereto contained in the Company's Annual Report on Form 10-K for the year-ended December 31, 2010, and in other reports or documents the Company files with, or furnishes to, the SEC from time to time.
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