MMM Securities can now hold fund positions in omnibus accounts on behalf of other broker-dealers, streamlining access to semi-liquid investments.
The alternative investment manager has requested SEC approval for exchange-listed and tokenized share classes across three of its GP stakes and broader private markets funds.
The SEC application follows similar relief granted to ARK Venture Fund last month and could give investors additional liquidity outside scheduled repurchase offers.
Launched in 2022, the non-traded vehicle invests across venture capital, private credit, and private equity.
The jointly developed product gives wealth investors access to ICG's private equity LP secondaries strategy spanning North America and Europe.
The non-binding statement focuses on private credit and private fund valuations, including how secondary market data may inform NAV assessments.
The two interval funds give wealth management clients access to private equity, including secondaries and co-investments.
ARK has outlined plans to list Class X shares on the Texas Stock Exchange under ARKV and offer a separate tokenized class, providing investors with additional liquidity options.
The SEC application would allow ARK-advised funds to add exchange-listed and tokenized share classes, giving investors another way to access the secondary market.
The interval fund joins a lineup of vehicles managed by Neuberger, StepStone, and Nuveen across private credit, multi-asset, real estate, and venture strategies.
