The Charles Schwab Corp. has announced it has entered into a definitive agreement to acquire Forge Global Holdings in a transaction valued at approximately $660 million. Forge operates the premier private market platform and a leading trading marketplace through which investors have bought and sold more than $17 billion in private company shares.
Forge offers qualified investors a range of direct and indirect opportunities to participate in the private markets. Its combination of a direct marketplace, private company solutions, and proprietary data helps enhance private market access and transparency for qualified investors. The company also has forthcoming interval funds which are designed to broaden access to private market exposure with lower costs and reduced minimums.
This acquisition accelerates Schwab’s strategy to deliver private markets capabilities to retail and adviser clients, building on its expansive suite of wealth, advisory and investment management s
