Backed by Cube Ventures, the marketplace aims to unlock liquidity for venture investors in the region.
The Nordic investment bank added Nick Kavanagh, who brings over 15 years of experience across private equity secondaries, direct investments, and GP-led transactions.
The African payments infrastructure provider will enable staff to borrow against their private shares without having to sell them or relinquish potential future upside.
The equity management platform is expanding into private market liquidity, with plans to develop a secondary marketplace for company-approved transactions.
The former PJT Partners Director will take charge of NPM's newly acquired fund secondaries business in November.
The alternative asset manager, which has begun the process of listing in India, is reportedly targeting $131 million for the strategy.
The vehicle targets follow-on investments in the firm's portfolio companies, later-stage co-investments, and secondaries.
Shinhan Innovation BDC No. 1 will invest at least 60% of its assets in "innovative companies" and LP-led secondary transactions.
The Utah-based company raised $2 million in a pre-seed round led by New Stack Ventures.
The Category II AIF targets pre-IPO and secondary market opportunities in India.
