Silicon Valley technology start-up Zanbato, the world’s first online marketplace for infrastructure secondaries trading, has received a strong endorsement from Infrastructure Investor’s readers.
In a survey conducted on Infrastructureinvestor.com, 71.55 percent of voters said they would use Zanbato to do business, with only 14.66 percent saying they would prefer to keep doing deals the old-fashioned way. The remaining 13.79 percent are somewhat on the fence, stating that they might use the platform, but expressing some concern about data privacy.
Zanbato, which will be operated by San Francisco investment banking firm Sutter Securities, has been in private beta testing for the past year-and-a-half, accumulating 600 members and identifying over $24 billion in investment opportunities. More than 400 of its members are infrastructure investment funds, developers and operators.
The platform allows “qualified parties [to] become members at no charge, with only a very small transaction fee charged on successfully consummated transactions,” Zanbato said, without disclosing the size of the fee.
Zanbato also offers services to help members raise capital, sell assets, and launch tenders through the platform, among others.
Zanbato aims to tackle infrastructure’s illiquidity. Ryan Orr, co-chairman of Zanbato and faculty member at Stanford University, estimates that “infrastructure finance is perhaps the largest private investment market in the world”.
The platform was due to launch as this issue of Infrastructure Investor went to press.