Term Sheet

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Secondary buyers are watching Airtime

August 6, 2012: 10:07 AM ET

Looking at the past 6 months of private secondary activity.

FORTUNE -- Private secondary trading platform SecondMarket this morning released data for the first six months of 2012. Some highlights:

* Average company trading on SecondMarket was 7 year-old, had 200 employees and a private market cap of $329 million.

* Nearly half of the liquidity events came from gaming companies, followed by consumer web (21.5%), education (15.3%) and financial services (10.9%). Looks like life sciences still can't make a secondary dent.

* Hedge funds represented nearly half of buyers (47.9%), followed by family offices (21.5%) and asset management firms (15.3%). Private equity firms came in at less than half a percent.

* Video chat startup Airtime was the second quarter's top "rising star" – the VC-backed startup with the largest quarterly increase in total "watchers" on the SecondMarket platform. The rest of the top 5 were Warby Parker, Stripe, Factual and Nest.

* The second quarter's most-watched community banks were Lubbock National Bank, Team Capital Bank and North Jersey Community Bank.

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Dan Primack
Dan Primack
Senior Editor, Fortune

Dan Primack joined Fortune.com in September 2010 to cover deals and dealmakers, from Wall Street to Sand Hill Road. Previously, Dan was an editor-at-large with Thomson Reuters, where he launched both peHUB.com and the peHUB Wire email service. In a past journalistic life, Dan ran a community paper in Roxbury, Massachusetts. He currently lives just outside of Boston.

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