Forge Global Holdings, Inc., a leading provider of marketplace infrastructure, data services, technology, and investment solutions for the private market, announced that it had completed its previously announced acquisition of Accuidity Capital Management, a specialized asset management firm focused on private market investing, in a simultaneous sign and close transaction.
Forge believes that this acquisition marks a significant step forward in Forge’s long-term strategic vision to deliver private market access more broadly and to serve as a valuable contributor to the capital ecosystem of high-growth private companies. Investor interest in private market strategies continues to grow, with global alternative assets under management expected to surpass $29 trillion by 20291, driven by demand for enhanced returns, diversification, and access to high-growth private companies. By integrating Accuidity’s differentiated investment strategies and sourcing ecosystem with Forge’s proprietary data, technology, and distribution capabilities, the Company aims to deliver a scalable portfolio of private market products designed to meet this growing demand in alternative assets from institutional and individual investors.
“Accuidity accelerates our strategic vision by enabling the launch of innovative financial products and strategies that broaden investor access to the private markets, while delivering primary and secondary capital solutions for private companies,” said Kelly Rodriques, CEO of Forge. “Leveraging our data, technology and global network alongside Accuidity’s expertise, we aim to deliver new investment opportunities to our growing global client base, with a strategic focus on the wealth channel.”
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Through the acquisition, Forge is reinforcing its commitment to democratizing access to the private markets by expanding beyond single-asset strategies. The addition of Accuidity’s co-investment vehicles and early-stage venture funds enables Forge to offer a more diversified set of investment solutions through the Forge private market platform.
Furthermore, Forge and Accuidity will collaborate to transition Accuidity’s flagship Megacorn Fund—an institutionally managed index fund designed to replicate, over time, the performance of the Forge Accuidity Private Market Index—into an interval fund, compliant with the Investment Company Act of 1940 and subject to SEC approval. The Megacorn Fund could provide broader investor access to private market exposure at lower cost and with reduced investment minimums.
“Forge has been a leader in creating the indexes and pricing innovations on which new financial products are being built,” said Vince Gubitosi, Co-President of Accuidity. “Together, we believe we can integrate our asset management capabilities and unique investment strategy with the Forge platform, delivering investment opportunities through Forge’s network of clients, companies, registered investment advisors and more.”
“We see enormous potential to scale Accuidity’s strategies across new investor segments and channels,” said Mark DeNatale, Co-President of Accuidity. “We chose Forge as a partner because of their trusted reputation, scale, and operational integrity. Jointly, we’re unlocking the infrastructure needed to meet growing demand with flexible, transparent private market investment solutions.”
Building on the foundation of Forge’s custody business with $17.6 billion2 AUC and Forge Global Advisors’ $1.1 billion AUM2, the acquisition of Accuidity, which adds an additional $220 million3 in AUM, represents a meaningful step forward in the development of Forge’s broader wealth and asset management strategy. With a focus on delivering private market exposure through a range of fund vehicles, Forge is expanding its platform beyond direct client relationships to include financial advisors, registered investment advisors and other distribution partners. Forge believes these efforts will provide the necessary infrastructure and capabilities to make private markets more accessible, intuitive, and aligned with how today’s advisors and private market participants want to engage.
The acquisition was completed for $10.0 million in cash (subject to customary adjustments) and 1.15 million shares of newly issued shares of Forge common stock issued in a private placement transaction (a portion of which are subject to forfeiture and transfer restrictions). In addition, the acquisition includes the potential for post-closing earn-out consideration of up to a maximum of 1 million additional shares of Forge common stock issuable upon the achievement of certain performance-related milestones through the end of 2027. During the twelve-month period ended May 31, 2025, Accuidity reported revenue of approximately $5.7 million4, and Forge believes the acquisition will be accretive to EPS.
Source: BusinessWire
