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NYSE-backed Venture Company Launching First-of-its-kind Unicorn Index Fund
Jul 17, 2023
NYSE-backed Venture Company Launching First-of-its-kind Unicorn Index Fund provides access to SpaceX, Stripe, Fanatics at institutional pricing, and substantial discounts to last round.
The OPEN Unicorn™ Index Fund offers investors access to a basket of some of the most innovative and sought-after private companies, such as SpaceX, Stripe, Epic Games, and more. As an index-replicating fund, the structure is low fee, with only a 2% management fee and no performance fee, and is substantially more diversified than traditional growth funds.
2023 presents a timely market opportunity, with index constituents seeing a ~56% average discount from January 2022 peaks. The fund is targeting a 22% IRR, gross of fees.
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About Capital Engine®
Capital Engine® provides forward-thinking organizations with efficient and scalable private capital and investor management solutions, for both traditional and digital assets.
Built for high-performance capital raising, our technology helps leverage the opportunity to better originate and showcase a diverse selection of private investment deals and offer these to investors i.e. a deal’s potential viability can be better assessed, market appetite determined and transaction promptly closed.
Our clients include broker dealers, family offices, wealth managers, incubators, accelerators, social impact and real estate funds, in providing customized SaaS solutions to power private capital and alternative investment platforms, with a strong focus on investor management services.
Interested in raising capital
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The OPEN Unicorn™ Index Fund offers investors access to a basket of some of the most innovative and sought-after private companies, such as SpaceX, Stripe, Epic Games, and more. As an index-replicating fund, the structure is low fee, with only a 2% management fee and no performance fee, and is substantially more diversified than traditional growth funds.
2023 presents a timely market opportunity, with index constituents seeing a ~56% average discount from January 2022 peaks. The fund is targeting a 22% IRR, gross of fees.
Investment Opportunity Highlights:
- Pre-IPO investing typically captures higher returns.
- The top 50 unicorns are generally mature companies with strong revenue generation - in fact, the top 15 by market cap would qualify for the S&P 500 if public.
- There is significant price dislocation in the secondary market for these unicorns, those best positioned to IPO once markets recover.
- Sector-specific multiples have declined significantly off recent highs.
- 35% of the Unicorn Index’s market capitalization report net-positive cash flows.
- Sentiment around federal interest rates suggest IPO markets to reopen as early as late 2023, and fully reopen by 2024.
- Prior market downturns have demonstrated mature private companies rarely IPO at material discounts to last round, and provide insight into IPO market recovery and subsequent valuation premiums/discounts.
- OPEN’s Unicorn™ Index Fund aims to take advantage of price dislocation in pre-IPO companies enabling diversification, lower fees, and an increased liquidity paradigm.
Click to Invest Now
About Capital Engine®
Capital Engine® provides forward-thinking organizations with efficient and scalable private capital and investor management solutions, for both traditional and digital assets.
Built for high-performance capital raising, our technology helps leverage the opportunity to better originate and showcase a diverse selection of private investment deals and offer these to investors i.e. a deal’s potential viability can be better assessed, market appetite determined and transaction promptly closed.
Our clients include broker dealers, family offices, wealth managers, incubators, accelerators, social impact and real estate funds, in providing customized SaaS solutions to power private capital and alternative investment platforms, with a strong focus on investor management services.
Interested in raising capital
Request a Demo
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