More on Liquidnet

"Technology Crossover Ventures and Summit Partners have agreed to acquire a significant minority position in Liquidnet Inc., a New York-based operator of an electronic institutional trading platform. The transaction was first reported by The Deal, and is worth between $200 million and $300 million, which would partially buy out company founders and initial backer TH Lee Putnam Ventures. A formal press release announcing the deal is expected to come later today. Liquidnet last raised venture capital in 2000, when it raised $10 million in Series C funding at a post-money valuation of approximately $200 million. www.liquidnet.com"

[Private Equity Week]