BlackRock backs secondary market platform Caplight in Series A round

BlackRock, a major player in the investment management industry, has shown strong support for Caplight, a platform that facilitates the trading of private company shares, by backing its Series A funding round. The round raised $16 million, co-led by BlackRock and Fin Capital, highlighting the growing interest in the secondary market for private assets. This investment underscores BlackRock's commitment to expanding its presence in the private equity space and could signal a broader trend towards increased liquidity and investment opportunities in the private market.