New venture to finance exercises of ESOs in non public companies

Here is an article whereby a group has been formed to finance the exercise of vested in-the-money ESOs of non public companies by employees and executives. The loans appear to be non-recourse loans mostly lent when the employee terminates. Could be interesting. It is certainly better for the employee to make the loan rather than to forfeit the ESOs when departing and get nothing.

 http://venturebeat.com/2012/08/06/eso-fund-pools-25m-to-float-former-employees-exercising-stock-options/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+Venturebeat+%28VentureBeat%29