Alternative investments secondary market CFX Markets has named Dan Breen its Managing Partner.
Mr. Breen spent more than two decades as a partner and co-owner of Pacific Partnership Group, a firm focusing on secondary market transfers of non-listed REITs and limited partnerships. He writes about secondary markets and is a frequent speaker.
“As the first secondary market for crowdfunded assets, CFX Markets is filling a large gap in the marketplace, and I’m looking forward to helping CFX establish itself as the liquidity option for private investors,” Mr. Breen said. “At the same time, the CFX platform also has the potential to make the secondary trading of private REITs and other alternative assets more efficient than ever before, so I’m excited about our overall value proposition for those assets as well.”
Managing Director Juan Hernandez looks forward to the veteran’s input at a critical time for the industry.
“We also know that having a critical mass of listings available on the platform is crucial to attract buyers and potential market makers, and the addition of Dan will be a huge boost to our deal flow. We highly value his strategic insight as well, which will be vital as we scale our operations over the coming year.”
The new hire comes as CFX Markets marks the rapid growth of its secondary trading platform. More than 20 companies, including EarlyShares, Property.com, PeerRealty, American Homeowner Preservation, CrowdFranchise, and PropertyStake, have joined the CFX platform.
CFX offers liquidity to the 8.7 million accredited investors participating in alternative investment classes. The platform is currently in invitation-only mode.