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Sutter Securities to operate first ATS for infrastructure, energy and natural resource investments

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Sutter Securities, a San Francisco based investment banking firm, has received approval from SEC and FINRA to operate Zanbato’s online investment platform for infrastructure, energy and natural resources as an Alternative Trading System (ATS).

 
The ATS, which will be known as the The Zanbato Sutter ATS, is planned for 24 April.
 
The market for private infrastructure finance has grown rapidly in recent years, yet remains highly opaque and illiquid. The Zanbato Sutter ATS will play an important role in supporting the continued growth of the infrastructure asset class, helping qualified investors to identify attractive investment opportunities and helping issuers and advisors to connect with more investors and process deal-flow more quickly and effectively.
 
The US Securities and Exchange Commission created the ATS designation in 1998 to recognise the potential for innovation in electronic financial markets with the birth of the Internet. ATSs are designed to match buyers and sellers of securities, who participate in large transactions that would be difficult to execute via traditional exchanges.
 
The Zanbato Sutter platform allows governmental agencies, corporations and financial advisors to share investment opportunities with a network of qualified institutional investors. Zanbato Sutter also offers a suite of process management tools to support members in executing capital raises, asset sales, and tendering processes through the platform. This technology includes digital teasers, data rooms, bidder qualification tools, and deal analytics. Qualified parties may become members at no charge, with only a very small-transaction fee charged on successfully consummated transactions.
 
For the past 18 months, the Zanbato infrastructure platform has been live in private beta testing. During this period, it has accumulated more than 600 member organizations and more than USD24bn in investment opportunities. More than 400 members are investment funds, developers, and operators that invest in infrastructure projects.
 
In addition to its infrastructure platform, Zanbato has partnered with financial institutions and government agencies to build portals for various segments of the world’s private markets. The company has partnered with the Government of Oregon to build Agora, an investment platform for economic development projects in the Pacific North West. The company has also partnered with African Development Bank to build Sokoni, an online marketplace for infrastructure finance in Africa.
 
“In its 20 years of operation, Sutter Securities has seen major changes in the global financial landscape, driven in large part by innovation in financial technology. Infrastructure finance is one of the few remaining asset classes that have not yet fully embraced modern internet technology. This is why we are excited to partner with Zanbato,” says Bob Muh, chief executive of Sutter Securities.
 
“Infrastructure finance is perhaps the largest private investment market in the world. McKinsey recently estimated1 that USD36trn has been invested into infrastructure over the last 18 years,” says Ryan Orr, co-chairman of Zanbato and faculty member at Stanford University.
 
Sutter has begun accepting membership requests for the ATS. Users of the platform will be required to complete a membership questionnaire so as to comply with US regulatory requirements.

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