PJT Partners and Nasdaq formed a joint venture.

PJT Partners, a global advisory-focused investment bank, and Nasdaq, a leading global provider of trading, clearing, exchange technology, listing, information and public company services, formed a joint venture to provide enhanced execution capabilities for general partner-sponsored secondary transactions built on world-class advisory services and industry-leading technology. Financial terms were not disclosed. "This partnership is an exciting next step for Nasdaq in our focus on delivering next generation technology to the world’s capital markets. NPM pioneered the structure and standards for private company secondary transactions, and PJT Partners is an industry leader in advising and managing secondary transactions for GPs and LPs. Together, we can apply world-leading technology to transform the market for GP-led secondary transactions.” Adena Friedman, President and Chief Executive Officer of Nasdaq.