Accuidity will track new Forge index, paving way for investors to access the first institutionally managed strategy of leading private companies
BOSTON – December 14, 2023 – Accuidity, LLC (“Accuidity”), an institutional private market index fund leader, today announced it will partner with Forge Global Holdings, Inc. to launch a first-of-its-kind investable index tracking the performance of late-stage, venture-backed companies. Accuidity will seek to replicate the newly created Forge index in early 2024. Forge Global Holdings, Inc. (“Forge”) (NYSE: FRGE), is a leading provider of marketplace infrastructure, data services and technology solutions for private market participants.
The new Forge index and Accuidity strategy embody two industry-shaping trends: private venture-backed companies are staying private longer, and investors are increasingly looking to private markets for sources of return and diversification. The arrival of an investable index offers efficient and cost-effective access to this asset class, through Accuidity’s deep institutional asset management experience and Forge’s extensive private market expertise and robust data platform.
“Accuidity was founded on the premise that private market indexing will broaden access and lead to historic growth,” said Vince Gubitosi, Co-Founder and President of Accuidity. “Our team has decades of indexing experience, and we quickly recognized that integrating Forge’s best-in-class indexing data would accelerate our ability to build the best possible investment products. We are thrilled to strengthen our partnership with Forge and grow private market investing together.”
Forge’s launch of this new index underscores the company’s commitment to serve as the catalyst for widespread private market participation. Forge operates one of the largest platforms for private market trading with multiple sources of private market data, enabling the research and analysis needed to create an investable index.
“We believe the private markets are nearing a tipping point just like the other asset classes that came before it,” said Kelly Rodriques, CEO of Forge Global. “Forge is driving the acceleration of the industry forward through data transformation and financial innovation. Indexing is arguably the most widespread financial innovation of the last 25 years, and its relentless growth signals that investors want diversified exposure to asset classes of all kinds. With the launch of this groundbreaking investable private market index, Forge is staking its claim as the company that will lead the private market into its next phase of adoption.”
About Accuidity
Accuidity was formed with a vision to bring ACCESS, LIQUIDITY, and TRANSPARENCY to private market investing via a suite of institutional index funds. The firm was founded by Vince Gubitosi and Mark DeNatale, executives with 50+ years of combined institutional experience across both the public and private markets.
About Forge
Forge is a leading provider of marketplace infrastructure, data services and technology solutions for private market participants. Forge Securities is a registered broker-dealer and a Member of FINRA that operates an alternative trading system.
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