SAN FRANCISCO, October 25, 2022–(BUSINESS WIRE)–aVenture, a new US-based fintech startup, today announced plans to launch a platform that makes venture capital investing accessible to the public. The aVenture platform connects investors with founders and experienced fund managers by making venture capital funds available in the form of public-private crossover funds.
The private venture capital investment market has grown significantly over the past 15 years, including nearly half a trillion dollars invested in US startups in the past two years alone. This comes against the backdrop of fewer companies going public and more private through private equity-backed deals.
aVenture is being built to bridge this gap, creating funds that can be purchased and traded using the open aVenture platform. “I think investors are missing out on an asset class that has become hugely important, a class that has historically provided outsized returns and added diversification benefits,” said William Callahan, CEO and Founder of aVenture. .
“They’re missing out because there’s no easy way for investors to responsibly invest in private assets today in a properly diversified and liquid way with less than $10 million, but aVenture changes that,” Callahan explained.
The platform makes this possible by providing the infrastructure for private fund managers to offer their funds openly, instead of short windows that tie up investors’ funds for 10 years or more. Fund managers using aVenture can offer accredited and non-accredited investors the opportunity to invest in a public-private crossover fund they manage on aVenture that can offer potential liquidity through periodic redemptions.
Potential redemptions and liquidity of private funds are enabled by aVenture’s private assessment technology and processes for fund managers on the platform. “We knew how important valuation would be in making this possible, and that is why we have invested substantial resources in supporting fund manager valuation procedures in a way that has never been done before. before,” said Rob Nock, who leads partnerships for an adventure.
“Since our inception, we have always envisioned aVenture as a platform that combines the rigor of institutional investing with the convenience of retail mutual funds,” said Austin Yoshino, who leads the company’s growth strategy. “aVenture enables broad diversification of a portfolio across different venture capital investments, including by industry, geography, company size and stage, and fund manager.”
The aVenture platform will be available to select investors in early 2023. Investors and fund managers interested in using the platform should join the waitlist on adventure.vc for possible early access.
About Adventure: aVenture is a San Francisco, CA-based fintech that seeks to make liquid venture capital investing accessible to everyone. Their proprietary platform connects experienced founders, fund managers and financial advisors with investors seeking private equity exposure. aVenture offers public-private crossover funds that are open and offered continuously, rather than raising funds from investors once and closing the fund for a decade or more. Learn more and join the waiting list onaventure.vc.
This press release is for informational purposes only and does not constitute a solicitation to invest or for financial products or securities available for investment. Prior to advising the Fund(s) on the aVenture Platform, aVenture Investment Company and/or one or more of its affiliates (including aVenture Investment Technologies, LLC and aVenture Investment Management, LLC, collectively hereinafter referred to as “ aVenture”) should be required to register as an investment adviser or as an exempt reporting adviser with the SEC or equivalent state agency. Prior to this registration, aVenture does not provide investment advice and does not offer any securities or financial products, public or private, for investment purposes.
Past results may not be indicative of future returns, and investing in stocks, especially private stocks, involves substantial risks. Diversification can help reduce risk, but risk reduction is not guaranteed and investors may always experience negative results.
Given the inherent illiquidity of private assets, a fund that seeks to provide periodic partial liquidity to shareholders may not be able to meet some or all of the withdrawal requests made by investors. Investors should not expect to be able to sell shares other than through a fund’s redemption policy, as the funds will not be listed on any stock exchange and no secondary market is expected to develop. Investors should invest in stocks only after having sufficient cash reserves for liquidity and contingency purposes.
Investors in private companies should have additional liquidity in the form of cash reserves because an investment in private stocks, even those with a periodic redemption policy such as those offered by aVenture, can still be illiquid, particularly in times of crisis. decline or market constraint. There is no guarantee that fundholders will be able to sell some or all of their tendered shares within a periodic redemption window.
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