SAN FRANCISCO--(BUSINESS WIRE)--SharesPost, Inc., a leading liquidity provider to the Private Technology Growth asset class, today announced that Pantheon and Goldman Sachs veteran, Maureen Downey, has joined SharesPost as Managing Director, Portfolio Management and New Product Development. Also joining the portfolio management team is Jonas Grankvist, Vice President, who has been with SharesPost since 2012.
Downey has extensive experience in private equity primary and secondary transactions, M&A, and financial product development. She will join SharesPost’s Portfolio Management Team, helping to evaluate and execute investments on behalf of SharesPost’s fund clients, including the SharesPost 100 Fund, a closed-end interval fund that helps provide investors with access to the Private Technology Growth asset class.
Leveraging the SharesPost platform’s deal flow, investment analysis and trade execution capabilities, Downey will be responsible for creating new investment products for the firm’s clients.
“Maureen’s expertise in private equity will help SharesPost accelerate the development of new products designed for our institutional investors, financial advisors and individual investors,” said Carol Foster, President of SharesPost’s Registered Investment Advisor. Greg Brogger, founder and CEO of SharesPost said, “Maureen is an innovative, strategic executive and a terrific addition to our growing portfolio management team.”
Before SharesPost, Downey worked for Pantheon Ventures, where she was an Investment Committee member and played a key role in new business development in emerging markets including financial products, client and partnership development. Before that, she was a Vice President in Investment Banking for Goldman Sachs, where she worked on private equity transactions, cross-border and domestic M&A and other capital markets functions in the US and Europe. She started her career at Merrill Lynch in the Fixed Income Division. Downey holds a Bachelor of Arts degree from Claremont McKenna College and an MBA in Finance and Entrepreneurial Management from The Wharton Graduate School of Business.
Also joining the Portfolio Management team is SharesPost Vice President Jonas Grankvist, who has been with the firm since 2012. Grankvist has significant experience in venture-backed investing for SharesPost and working on M&A and private equity transactions as an investment banker for Berman Capital. A mentor for the Thiel Foundation’s 20 Under 20 Fellowship, Grankvist holds FINRA Series 7 and 63 licenses. He earned a law degree from Uppsala University and MBA from Golden Gate University.
About SharesPost, Inc.
SharesPost is a FINRA-registered broker-dealer and SEC registered Alternative Trading System as well as a Registered Investment Advisor. SharesPost helped launch the private tech growth market in 2009 and has built one of the leading platforms for secondary transactions and digital securities. SharesPost provides the private tech asset class with a suite of trading and lending solutions to facilitate shareholder and option holder liquidity. With more than $4 billion in secondary market transactions in the shares of more than 200 leading technology companies, SharesPost provides the trading, research and online tools to transact in the private market with confidence. For information, visit sharespost.com.
About the SharesPost 100 Fund
The SharesPost 100 Fund was launched in March 2014 to provide all investors access to a portfolio of late-stage, private growth companies, an asset class that has traditionally been only available to institutional investors and the very wealthy. The Fund has no accreditation requirements and is available for a $2500 minimum investment. Through the company’s growing list of advisors, retail investors can now invest in a ’40 Act registered fund, which targets investments exclusively in late-stage private growth companies.
Important Disclosure
Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus with this and other information about the Fund, please download here. Read the prospectus carefully before investing.
Past performance does not guarantee future results.
Investment in the SharesPost 100 Fund involves substantial risk. The Fund is not suitable for investors who cannot bear the risk of loss of all or part of their investment. The Fund is appropriate only for investors who can tolerate a high degree of risk and do not require a liquid investment. The Fund has no history of public trading and investors should not expect to sell shares other than through the Fund's repurchase policy regardless of how the Fund performs. The Fund does not intend to list its shares on any exchange and does not expect a secondary market to develop.
All investing involves risk including the possible loss of principal. Shares in the Fund are highly illiquid, and you may not be able to sell your shares when, or in the amount that, you desire. The Fund intends to primarily invest in securities of private, late-stage, venture-backed growth companies. There are significant potential risks relating to investing in such securities. Because most of the securities in which the Fund invests are not publicly traded, the Fund’s investments will be valued by the Investment Adviser pursuant to fair valuation procedures and methodologies adopted by the Board of Trustees. While the Fund and the Investment Adviser will use good faith efforts to determine the fair value of the Fund’s securities, value will be based on the parameters set forth by the Prospectus. As a consequence, the value of the securities, and therefore the Fund’s NAV, may vary. Due to transfer restrictions and the illiquid nature of the Fund’s investments, you may not be able to sell your investments when you wish to do so. There are significant potential risks associated with investing in venture capital and private equity-backed companies with complex capital structures. The Fund focuses its investments in a limited number of securities, which could subject it to greater risk than that of a larger, more varied portfolio. There is a greater focus in technology securities that could adversely affect the Fund’s performance. If the Fund does not have at least 500 Members for an entire taxable year, you could receive an adverse tax treatment. The Fund’s quarterly repurchase policy may require the Fund to liquidate portfolio holdings earlier than the Investment Adviser would otherwise do so, and may also result in an increase in the Fund’s expense ratio. This is not a complete enumeration of the Fund’s risks. Please read the Fund prospectus for other risk factors related to the Fund, its investment strategy and your investment in the Fund, and other additional details.
Certain potential conflicts of interest involving the Fund’s Investment Adviser and its affiliates could impact the Fund’s investment returns and limit the flexibility of the implementation of its investment policies. New investment opportunities that meet the Fund’s investment objectives might not be offered, or otherwise made available to the Fund, due to affiliations between entities related to the Fund. Prospective investors should review the conflicts of interest described in the section entitled “Conflicts of Interest” in the Prospectus prior to making an investment in the Fund.
The SharesPost 100 Fund is distributed by Foreside Fund Services, LLC.
