The ongoing saga between the rival secondary market trading platforms continues to escalate, with new allegations that Hiive solicited employees to access proprietary information.
William Sarris's former second-in-command, Joseph Endoso, pleaded guilty in August to participating in the alleged scheme.
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.
Venture secondaries platform Forge won a reprieve from Anthropic's blacklist, while rival Hiive remains stuck in the Claude-maker's crosshairs.
Under the agreement, investors using Glide's platform can borrow against their portfolios without monthly interest payments, with repayment tied to future fund distributions.
The partnership allows individuals to trade on valuation milestones, IPO timing, and secondary market activity.
The crowdfunding initiative aims to support the establishment of new investment funds, including a VC secondaries evergreen offering, as well as finance GP stake acquisitions.
The Claude maker is reportedly seeking to raise $30 billion in what would be its largest funding round to date, at a $900 billion valuation.
The secondaries platform is suing rival Hiive for copying elements of its private share transfer and settlement technology.
Feichtner will help develop scalable, regulatory-compliant secondaries infrastructure for private market products within the wealth segment.
