Nasdaq Ventures invests in Juniper Square to boost private markets tech

SAN FRANCISCO - Juniper Square, a fund operations platform serving over 2,000 private markets general partners (GPs), announced today it has received a strategic investment from Nasdaq Ventures. Nasdaq (NASDAQ:NDAQ), with a market capitalization of $53.81 billion and revenue of $8.1 billion in the last twelve months, has maintained a strong financial position according to InvestingPro data, which rates its overall financial health as "GOOD."

The investment will support Juniper Square’s efforts to develop integrated data and liquidity solutions for private fund managers. The companies will collaborate on creating tools to enhance GP visibility and improve private market liquidity, including innovations in secondary markets. This strategic move aligns with Nasdaq’s strong track record of shareholder returns, having raised its dividend for 13 consecutive years, as revealed by InvestingPro analysis.

"Nasdaq shares our vision for more efficient and transparent private markets," said Alex Robinson, CEO and Co-Founder at Juniper Square. "Together, we can combine world-class data with purpose-built software to deliver the go-to platform for raising and managing private capital."

Gary Offner, Senior Vice President and Head of Nasdaq Ventures at Nasdaq (NASDAQ:NDAQ), stated: "Private markets are experiencing a generational shift and real-time, data-driven insights are becoming essential to how firms raise and deploy capital."

This announcement follows Juniper Square’s $130 million Series D financing round disclosed in June. The platform currently manages more than $1 trillion in limited partner capital across 40,000 funds and 650,000 LP accounts.

The partnership aims to address the growing demand for advanced technology solutions as private market investment continues to accelerate. According to the press release, the collaboration will focus on developing AI-powered solutions and industry-specific infrastructure for global private markets.

In other recent news, Nasdaq Inc. has been upgraded by S&P Global Ratings to ’BBB+’ from ’BBB’, reflecting a stable outlook. This upgrade comes after Nasdaq’s successful efforts to reduce leverage following its acquisition of Adenza in 2023. The company achieved this by limiting share buybacks and focusing on debt repayment, supported by strong EBITDA growth and cash generation. Additionally, RBC Capital has raised its price target for Nasdaq OMX Group to $108 from $95, maintaining an Outperform rating. The firm noted solid new wins and momentum in cross-sell and up-sell activities as contributing factors to expected improvements in sales performance.

Nasdaq has also proposed new enhancements to its listing standards, introducing stricter requirements for companies seeking to list on its exchange. These changes include a $15 million minimum market value requirement for public float and a $25 million minimum public offering proceeds requirement for new listings, particularly for companies primarily operating in China. Furthermore, short interest in Nasdaq-listed securities rose to 16.93 billion shares by mid-August, indicating increased short selling activity. This rise in short interest represents 1.86 days of average daily trading volume, up from 1.56 days in the previous reporting period.

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