PTN Platform 31 Victoria Street Hamilton, Bermuda HM10
PTN Platform 31 Victoria Street Hamilton, Bermuda HM10
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Private Transaction Network (“PTN”), founded in 2016, is the first self-directed private equity fund of its kind. PTN is an electronic network created for accredited investors that provides its members with exclusive investment opportunities that are not publicly available. In addition to providing members with access to private investments, PTN also provides the structure and technology that enables seamless transactions and secondary liquidity.
PTN was created for non-U.S. institutions and accredited investors. This includes high net worth individuals, family offices, funds, wealth management platforms, broker dealers, fund of funds, etc.
Investment Access: PTN provides members with the ability to invest electronically in any of the opportunities on the platform. If you're interested in a company or alternative investment that does not appear on the platform, please let us know. We are constantly sourcing new deals for our members.
Technology and Transparency: PTN members are given an electronic trading platform where they can see an 'electronic order book', comprised of buying and selling interest.
Liquidity: The PTN structure allows members to place buy or sell orders at any time.
The Bermuda Monetary Authority. PTN is approved and regulated by the Bermuda Monetary Authority ("BMA"), which regulates Bermuda's financial services sector.
The Fund Administrator is Harbour Financial Services Limited ("HFS"), a division of Wakefield Quin Ltd, one of Bermuda's leading law firms. HFS overseas all deposits and withdrawals.
Funds are held at the Bermuda Commercial Bank Limited ("BCB"), the bank in Bermuda focused on commercial, corporate and high net worth clients.
The platform owns the shares.
As a member of PTN, you will be buying membership interests. Membership interests are utilized to express ownership of the fund and may be transferred or sold to other members. Membership interests are created by our fund administrator and act as digital representations of the underlying shares held by PTN. Membership interests are created on a 1:1 ratio with the underlying shares, unless otherwise specified. For example, if the fund owns 1,000,000 shares of ABC Inc., 1,000,000 membership interest are created and offered to members.
Investors must be approved by PTN and our fund administrator, complete the necessary paperwork and fund their account. At that point, members are welcome to buy and sell membership interest in any of the opportunities listed on the platform.
Members are charged 5% of the notional amount for transactions (buy and sell) completed when the underlying company is still private. After an IPO occurs, transaction fees will be reduced to 2.5% of the notional amount during the lock-up period.
There is a $10,000 minimum for your first transaction. After your first transaction there is no minimum investment size.
PTN does not charge any inactivity or liquidation fees. Typically, PTN does not charge any backend or performance fees. In some rare cases, PTN may be entitled to receive carried interest for a particular series. PTN will make it abundantly clear to members which opportunities are subject to carried interest.
We are constantly sourcing new deals for members. If you're interested in a company or alternative investment that doesn't appear on the platform, please let us know. We'd be more than happy to pursue it on your behalf.
No. Investors can only buy utilizing cash deposited into their account or sell membership interests that they already own.
No. All transactions are cash only and PTN does not extend margin to any members.
All orders placed on the platform represent firm buy or sell orders. Transactions are cash only and PTN's technology actively risk-manages accounts. On buy orders, our technology ensures that the member has enough cash before allowing a buy order to be placed. On sell orders, our technology verifies that the member owns enough membership interest before allowing a sell order to be placed. This ensures the integrity of the platform and makes the investment process seamless for our members.
The shares that PTN owns are restricted and may be subject to a lock-up.
When a company goes public via traditional IPO, the lock-up period is typically six months. When a company goes public via direct listing, there is no lock-up period. Shares become tradeable immediately after the IPO.
Regardless of the IPO method, PTN provides its members with two choices: Members can either have their shares transferred to their brokerage account, or PTN can sell their shares on their behalf and wire them the monies.
Yes. PTN runs a special lock-up period promotion after the IPO. Our fees are reduced from 5% to 2.5% per transaction and we will actively inform our members when orders to buy or sell are placed. In terms of price/share, we believe membership interest will trade at a discount on PTN in comparison to where the shares trade on the public markets. On the sell side, members are given the ability to sell their shares and lock in potential profits. On the buy side, members have the ability to purchase shares at a discount to where they are trading on the public markets. If investors are looking to hold past the lock-up period, PTN's lock-up period promotion may help them acquire shares at a discount. There are no guarantees that there will be liquidity, but we believe this structure and our platform provides significant value and potential trading opportunities for our members.
If you're interested in hearing about these promotions please contact firstname.lastname@example.org and tell us to add you to our e-mail distribution list.
Please visit the Contact section of our website, or send an email to email@example.com to get started. If you have any additional questions, please reach out as we're more than happy to help.
New members area coming soon!