You just heard the case for why the convergence of public and private markets is one of the defining investment themes of this decade. Now meet the infrastructure that makes it possible.

Here is the problem that almost nobody talks about: private markets have a liquidity problem. Getting into a great private deal is hard. Getting out, selling a position, moving capital, accessing the secondary market, has historically been even harder. The private market secondary ecosystem has been opaque, fragmented, and inaccessible to all but the most connected institutional players. That is exactly the inefficiency that Zanbato was built to eliminate.

Founded in 2010 alongside Joe Lonsdale and a team of Stanford engineers and operators, Zanbato is the trusted platform for institutional private market trading. It is where banks, institutional investors, and sophisticated capital allocators come to find liquidity, execute secondary transactions, and move capital in a market that was never designed to move easily. In a world where private assets are becoming a core allocation for an expanding universe of investors, Zanbato is the exchange that doesn't yet exist in any other form.

Nico Sand has spent over fifteen years building and scaling Zanbato from a Stanford idea into one of the most important pieces of private market infrastructure in the world. He is part Norwegian entrepreneur, part Stanford engineer, and entirely focused on solving one of the most consequential bottlenecks in global capital markets.