SharesPost Investment Management has launched SharesPost 100 Fund, which will focus on late-stage pre-IPO companies. It is open to all investors who can make a minimum investment of $2,500. SharesPost Investment Management is an affiliate of financial marketplace SharesPost.
SAN FRANCISCO, March 26, 2014 – SharesPost Investment Management, LLC, today announced the launch of the SharesPost 100 Fund, an actively managed, closed-end interval fund that targets a diversified portfolio of private, late-stage, growth companies. The Fund enables investors large and small to diversify within the venture capital asset class and capture the growth potential of pre-IPO companies.
As companies stay private longer, significant portions of their value appreciation occur during the private stage of their development. The SharesPost 100 Fund targets investments in maturing companies with solid growth records that are expected to enter the public markets within two to three years.
The Fund’s target universe is primarily the SharesPost 100, a list of fast growing, late-stage venture-backed companies that considers several factors, including revenue growth, market potential, and investor profile. SharesPost 100 companies leverage today’s technologies, and represent a diverse range of industries, including software, consumer Web, energy, healthcare, and more.
“There is immense growth happening in the private market, but average investors have not historically had access to this return potential,” said Sven Weber, President of SharesPost Investment Management. “The SharesPost 100 Fund not only provides access to private growth companies, but also to quarterly liquidity windows that are a vast improvement over the current state of play for private securities.”
Weber, who serves as the Fund’s portfolio manager, has an extensive track record working within the private markets. Before joining SharesPost, Weber served as president of SVB Capital at Silicon Valley Bank, where he managed the company’s venture capital investing business, which included investments exceeding $1.5 billion. He also managed secondary investments at Cipio Partners and direct investments for Siemens.
To help raise assets for the Fund, SharesPost has partnered with BIC Group LLC, a leading third-party distribution firm.
“We are extremely excited about the opportunity to distribute such a unique, high quality investment solution,” said Jim Kries, president and managing partner of BIC Group. “Making late-stage venture-capital investments available to mutual fund investors with a brand as powerful as SharesPost will be very appealing to our financial advisor clients. This will be a terrific opportunity for wealth advisors to access an asset class that has traditionally been reserved for hedge fund investors. This is a big victory for retail investors and very exciting for BIC Group.”
The SharesPost 100 Fund features a low minimum investment of $2,500 and offers a limited quarterly liquidity option that enables investors to redeem up to 5 percent of the outstanding Fund shares at net asset value.
The Fund can be accessed through SharesPost Financial Corporation and other participating broker-dealers. SharesPost Financial Corporation is a member of FINRA and SIPC. For more information, visit www.sharespost.com. To learn more, investors can access Fund information, including the Fund’s prospectus, at www.sharespost100fund.com.
About SharesPost Investment Management
SharesPost Investment Management (SPIM) manages a portfolio of funds that invest in leading private venture-backed late-stage growth companies. As private companies take much longer to go public than those of years past, considerable value appreciation is taking place outside of the public equity markets. SPIM helps investors who are looking to further diversify their overall asset allocation take advantage of private market returns. The SPIM team has exceptional Venture Capital knowledge and performs deep company and industry analysis to execute against differentiated and targeted fund strategies. For more information, visit http://sharespost.com/investment-management/overview.
BIC Group, LLC, a registered Broker-Dealer and FINRA member, is a multi-boutique, active distribution sales firm who employs a national wholesaling team designed to raise substantial assets on behalf of represented asset management companies. The Firm distributes both open-end and closed-end mutual funds to retail and institutional advisors through a nationwide network of intermediary relationships. The Firm represents a distinctive partnership of boutique investment managers recognized for their individual investment styles, autonomous investment processes and unique brand identities. With sales and distribution experience across the spectrum of asset classes, BIC Group, LLC has established itself as a superior outsourced sales and distribution network. BIC Group, LLC has demonstrated a strong record of success in an increasingly complex and competitive investment environment. The Firm’s founding partners and national sales team are well-respected investment professionals with collective experience across the spectrum of alternative investments and traditional asset management.
Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus with this and other information about the Fund, please call 800-838-4780 or visit our website at www.sharespost100fund.com. Read the prospectus carefully before investing.