Needham & Company, LLC has been intimately involved with the venture capital community since its founding. During the past five years, we have expanded a dedicated venture services group that has partnered with more than 50 VC firms on current or mandated future securities transactions. Many of the venture capital funds we service still own public stock of companies which they founded or to which they provided early stage financing.
For venture fund distributions, we understand that the process can be complicated by its legal, operational, and trading requirements. Therefore, our objective is to support your fund's general partner by making the process of distributing large numbers of shares to scores of limited partners a seamless one, enabling us to maximize your execution price.
With managed distributions, our focus shifts to enhancing and stabilizing the price by lining up large institutional buyers that have a real interest in owning the stock (i.e., "natural buyers”). We can also customize additional exit strategies and hedging solutions.
Needham’s Venture Services professionals have extensive experience working with restricted stocks, legal counsel, transfer agents, as well as general and limited partners. Unlike many other firms, our venture services group is on equal footing with and has equal access to our institutional trading and research specialists, enabling us to fully align their interests and your goals. This partnership is further strengthened by the fact that Needham does not operate a proprietary trading desk, significantly reducing the risk of any conflict of interest in order executions.
Needham’s Venture Services department offers the following services:
- Block Trading
- Strategic Acquisitions
- Fund and LP Level Distributions