Private market activity by sector and company size

A look investment trends in private market activity by Forge institutional investors. Sally Mace, Principal at Forge Securities, discusses which sectors are seeing the most interest on the Forge platform.


Charlie GrimesManaging Director, Head of Forge Global Capital Markets

So, Sally, these institutional investors that you're speaking with, what kinds of companies are they targeting? Maybe the sectors, the size of the company, or any other key fundamentals that they're currently looking for?


Sally MacePrincipal, Forge Securities

So, I think when you're trying to look at what companies buyers are targeting, it's relevant to the look at both the size of the business as well as the sector.

In terms of size, we're seeing institutional investors focused primarily on the largest segment of the market. So, companies with sort of the 6 to 10 year tenure, companies that have raised multiple rounds of traditional VC funding, and companies that are well positioned to be high quality, strong public businesses as well. Looking at, are they profitable? Are they close to profitability?

I'm hearing from a lot of investors as well that they're looking primarily above all at the quality of the businesses that they're investing in. When it comes to sector, we've seen sort of a more recent trend is focused on artificial intelligence and generative intelligence most recently.

We've also seen sort of a shift away from FinTech and consumer tech and more into sort of traditional SaaS businesses.

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