Investors interested in participating in these funds would need to meet the minimum investment criteria established by each specific fund which varies. 

Investors are Members of a fund (organized as an LLC) that purchases a specific company’s Shares or the economic interests in shares. Most funds we introduce will have a manager that will establish a Series of Interests for the purpose of making a separate and distinct investment in a specific company or companies identified by the Manager; purchasing securities in such company or companies from secondary sources (directly or through forward purchase contracts); or investing in interests of investment funds, special purpose vehicles and other entities (including investment funds and other entities affiliated with the Manager or its affiliates) whose investment portfolios are comprised of one or more companies consistent with the Fund’s general investment focus. Each Series will remain segregated from each other Series.

Selling shareholders are current and former employees, early investors, and advisors. They are typically selling only a portion of their holdings in order to 1) cover costs associated with exercising and paying taxes on the remainder of their shares 2) life events such as purchasing a home or preparing for a child and 3) diversify their holdings.

Investors often seek reassurance that their investments are being handled by competent professionals who can navigate the complex legal and logistical aspects of delivering shares upon an IPO. By offering access to individuals or teams experienced in these areas, you can instill confidence in investors that their interests are being properly managed.

No, You will become a member of an LLC (Limited Liability Company) that holds either the shares or participation interests in the economic outcomes of those shares. When the companies you've invested in go public or experience a liquidity event, the actual shares will be delivered to your brokerage account. You will need to provide the necessary information regarding your preferred brokerage account for the transfer of the shares.

The industry uses the last round of financing and expected IPO range as a pricing guidepost. Other factors may include investor demand, access to the company, other secondary transactions that have occurred, and publicly available information.

Most funds paperwork is similar to that of any fund investment, but simpler. An investor would sign a Subscription Agreement, through which they would purchase an interest in the fund (company). In addition, and investor would also complete a W-9 (W-8 BEN for foreign investors) and Suitability form once. On an annual basis, Investors would receive a Schedule K-1 that updates them on their investment. All legal and financial documents are prepared with the involvement of outside counsel or accountants, as applicable.

Your investment in most funds would be taxed like any other fund investment. Our network funds are taxed as partnerships, meaning that the fund’s gains and losses would pass through to its investors. Generally, if an investment is held for more than one year before its disposition, any income resulting from that investment would be taxed at the long-term capital gains rate. On an annual basis, Investors will receive a Schedule K-1 that updates them on their investment. Note: we are not tax experts and have provided this discussion for informational purposes only and not as personal tax advice. You should consult your tax advisors for guidance specific to your circumstances.

Yes. Most funds have a third party Fund Administrator, who should issue K1’s annually. Our network should also update you on any material impact to your investment (company news, new funding rounds, secondary transactions or indicators to new valuation).

Following an IPO lockup period, the funds you invested in can transfer the shares to your brokerage account for you to hold or sell at your preference. When can I expect the company I’m in investing in to go public or get acquired? We cannot guarantee an exit or a timeline for any of your holdings. However, the majority of investment opportunities are for companies that have received institutional financing and have a typical investment horizon of 2-5 years.

If a company series that you’ve invested in goes public, our network would register the shares and work with your brokerage account’s custodian to transfer the shares. Typically, the common stock is subject to a 180-day lockup, so we would facilitate this transfer after this period.

Our network presents private offerings, open to accredited and qualified investors only.

Yes. There are funds in our network that accomadate investments from self-directed IRAs.