The Utah-based company raised $2 million in a pre-seed round led by New Stack Ventures.
The alternative asset manager, which has begun the process of listing in India, is reportedly targeting $131 million for the strategy.
The AI and robotics company follows Anthropic in warning that access to its stock is restricted and cautioning against potential scams or fraud.
The newly registered tender offer fund will primarily target mid- to late-stage private tech companies through primary and secondary investments.
The new offering gives GPs a structured way to create investor liquidity with greater transparency on buyer selection, pricing, and timing, according to the private credit-focused firm.
The order bars a former NPM employee from working at Hiive for a period of three months and from soliciting NPM employees and customers for one year.
The ongoing saga between the rival secondary market trading platforms continues to escalate, with new allegations that Hiive solicited employees to access proprietary information.
The secondaries platform is suing rival Hiive for copying elements of its private share transfer and settlement technology.
Backed by Cube Ventures, the marketplace aims to unlock liquidity for venture investors in the region.
"Private credit will never trade like public markets, but investors deserve better tools than 'lock it up and wait," said Nelson Chu, Founder and CEO of Percent.
