ARK Invest is betting big on private technology companies.
“It’s a great time to invest in innovation,” Brett Winton, the company’s chief futurist, said this week on CNBC’s “ETF Edge.” “Valuations for both venture capital and public innovation companies today are very high and are suitable for the long term. invest.”
Yuan Sheng collaborated with the ARK Invest team to create the closed-end fund ARK Venture Fund (ARKVX) in September 2022.
Closed-end interval funds allow investors to invest in private companies at their net asset value at any time, regardless of market fluctuations. Investors can then sell back into the fund each quarter within a specific time frame.
According to the ARK Invest website, as of April 10, the fund’s largest private holdings were Epic Games, SpaceX, Freenome and Anthropic.
“Interval funds are designed specifically to allow everyday investors to invest in illiquid assets,” Winton said. “You don’t have to be an accredited investor … you can invest at net asset value.”
As of Thursday’s close, the ARK Venture Fund had gained 29% since its inception. However, it is down more than 7% year to date.
Disclaimer
About The Author
