Collective and Aliya partner to provide investors with unique access to late-stage private growth companies and liquidity to unicorn shareholders
NEW YORK, Sept. 26, 2023 /PRNewswire-PRWeb/ -- Collective Liquidity announced today the closing of an extension to its Series A Preferred financing led by Aliya Capital Partners. With the closing of the financing, the company has raised approximately $12 million in its Series A financing. The proceeds from the most recent closing will go towards further scaling the Collective platform and team.
Collective enables employees to reduce their risk from over-concentration in a single company by exchanging shares tax free for an interest in the Collective Exchange Fund, a diversified portfolio of leading unicorns. Employees can then access liquidity by borrowing non-recourse against their fund interest (lender WebBank) or redeeming their interests for cash. Already providing liquidity and diversification to the employees of more than 20 leading unicorns, Collective has been rapidly growing the size of the Exchange Fund since closing its first transaction at the beginning of the year.
Collective provides investors exposure to its unique pipeline of some of the most sought after pre-IPO companies through the Collective Liquidity Fund. The Collective Liquidity Fund combines this access with quarterly liquidity and unmatched transparency from its publication of its Target Portfolio and a NAV updated daily.
Aliya Capital Partners is a global investment firm with experience investing across multiple asset classes and with a particular expertise in late-stage venture, leading investments in more than 50 private growth companies over the past decade. Aliya and Collective will collaborate on raising capital for the Collective Exchange Fund and in extending Collective's relationships within the venture ecosystem.
Greg Brogger said, "we are very excited to be partnering with Aliya – we believe there is enormous potential in matching Collective's unique ability to provide access to the best private growth companies with Aliya's global investor network."
Ross M. Kestin, Founding Partner and CEO of Aliya, will be joining the Collective Liquidity Board of Directors. Mr. Kestin said, "we were extremely impressed by the platform and momentum the Collective team has built in such a short period of time. The strategic fit between Aliya and Collective couldn't be stronger.
ABOUT COLLECTIVE LIQUIDITY
Collective Liquidity is dedicated to providing unicorn shareholders with the financial tools they need to effectively manage their wealth. Collective's initial solutions enable transparency, diversification and liquidity, generating dramatically better financial outcomes for unicorn shareholders. To learn more about Collective Liquidity and to get an instant valuation of your private company stock please visit: https://www.collectiveliquidity.com
ABOUT ALIYA CAPITAL PARTNERS
Aliya Capital Partners is a leading global investment firm focused on sourcing, researching, evaluating and investing in asymmetrical risk-reward investment opportunities. The firm's partners have managed over $3 billion in its strategies since 2007, including taking sizable positions in more than 50 private companies since 2018. For more information, visit: https://aliyacapitalpartners.com/.
This information relating to the Collective Exchange Fund, LP (the "Fund") has been prepared solely for informational purposes, is not complete, and does not contain certain material information about the Fund, including important disclosures and risk factors associated with an investment in the Fund, and is subject to change without notice. It does not constitute an offer to buy or sell an interest in the Fund, nor shall there be any sale of a security in any jurisdiction where such solicitation or sale would be unlawful.
The Fund's limited partnership interest will not be registered with the U.S. Securities Exchange Commission or other regulatory authority. Investors will be required to verify their status as an "Accredited Investor" pursuant to Rule 501 of Regulation D to participate in any offering of the Fund's limited partnership interests. No securities commission or regulatory authority has recommended or approved any investment or the accuracy or completeness of any of the information or materials provided by or through Collective Liquidity, Inc. or Collective Asset Management, LLC (collectively, "Collective Liquidity").
Limited partnership interests in the Fund are not insured by the FDIC and are not deposits or other obligations of Collective Liquidity and are not guaranteed by Collective Liquidity. Limited partnership interests in the Fund are subject to investment risks, including possible loss of the principal invested.
Prospective investors should consider the investment objectives, risks, fees and expenses of the Fund carefully before investing in the Fund. This and other important information are contained in the Fund's Confidential Private Placement Memorandum ("PPM"), which can be obtained by contacting Collective Liquidity.
Investment in the Fund involves substantial risk and any offering may only be made pursuant to the relevant PPM and the relevant subscription application, all of which must be read in their entirety. No offer to purchase securities will be made or accepted prior to receipt by the offeree of these documents and the completion of all appropriate documentation. 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. 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 limited partnership interests in the Fund. No secondary market exists for the Fund's limited partnership interests, and none is expected to develop. The Fund has a limited operating history, and its performance is highly dependent upon the expertise and abilities of its manager. There is no assurance that the Fund's investment objectives will be achieved, and results may vary substantially over time. This is not a complete enumeration of the Fund's risks. Please read the Fund's PPM for other risk factors related to the Fund. Although the manager of the Fund will value its portfolio using the Private Market Valuation Algorithm, it can be difficult to obtain financial and other information with respect to private companies, and even where the manager is able to obtain such information, there can be no assurance that it is complete or accurate. Because such valuations are inherently uncertain and may be based on estimates, the manager's determinations of fair market value may differ materially from the values that would be assessed if a readily available market for these securities existed.
The information contained herein does not constitute a recommendation or advice by Collective Liquidity. You should consult your own tax, legal, accounting, financial or other advisers about the information discussed herein based on your specific risk profile and financial situation, including the suitability of an investment in the Fund, with Collective Liquidity, or any product offered or managed by Collective Liquidity.
Information contained herein has been obtained from sources believed to be reliable, but not guaranteed. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission.
All loans issued by WebBank, Member FDIC.
Adam Pratt, Collective Liquidity, [email protected]
SOURCE Aliya Capital Partners