Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013

44982

ARK Investment Management launches the ARK Venture Fund

RELATED TOPICS​

ARK Investment Management has announced the launch of the ARK Venture Fund, a regulated public fund investing in innovative private and public companies that all US investors can access on the Titan app.

“ARK Invest focuses solely on technologically enabled disruptive innovation, not only in our research and investment strategies, but also our products and services,” says Cathie Wood, Founder, Chief Executive Officer, and Chief Investment Officer of ARK Invest. “By launching the ARK Venture Fund, we seek to augment venture capital and private equity, offering all investors access to what we believe are the most innovative companies throughout their private and public market lifecycles. We are thrilled to offer this innovative product initially through Titan, a company that shares our mission in democratizing investing, allowing all investors to capitalise on exponential growth opportunities. Additionally, Titan’s app enables investors to access the ARK Venture Fund through their Individual Retirement Accounts.”

The ARK Venture Fund is an actively managed, evergreen, crossover fund that invests in private and public companies focused on technologically enabled innovation and, selectively, in other venture capital (VC) funds. Importantly, with a minimum investment of only USD500, any individual US investor can potentially invest in the Fund, available immediately through the Titan app, without encountering qualification or accreditation thresholds. The ARK Venture Fund charges a management fee of 2.75 per cent but does not charge any carried interest or load fees.

The total expense ratio of the Fund is estimated to be 4.22 per cent which is what the firm believes is typical for other funds offering access to private companies. The firm writes that in its view, the ARK Venture Fund management fee is a true differentiator.

“We believe that our 2.75 per cent flat management fee is more cost-effective than the current standard “2 and 20” model. The “2 and 20” model refers to charging a 2 per cent management fee and 20 per cent on generated profits, otherwise known as carried interest. Additionally, and unlike traditional VC funds which lock capital up for years, the ARK Venture Fund offers liquidity up to 5 per cent of the fund’s NAV (net asset value) on a quarterly basis” the firm writes.

“We are thrilled about this exclusive partnership and the launch of the ARK Venture Fund,” says Clayton Gardner, Co-CEO & Co-Founder of Titan. “We understand that the everyday investor has historically been locked out of venture capital due to accreditation requirements, high investment minimums, and lack of access to top-tier VC firms and deal flow. By offering Titan investors exclusive access to the ARK Venture Fund, we’re unlocking VC for most investors – another step in our mission to democratize investing. We’re excited to continue working closely with Cathie Wood and the ARK team, especially in the current market environment where compelling investment opportunities abound.”

Latest News

MainStreet Partners has released its latest quarterly GSS Bonds report “Summer Edition”. This edition of..
Pension and insurance firms have backed a public-private blended finance model to help navigate investment..
MSCI has announced the launch of MSCI Private Capital Indexes, writing that with growing investor..

Related Articles

Rod Ringrow, Invesco
Geopolitical tension has surpassed inflation as the primary concern of sovereign investors and is prompting greater interest in allocating to emerging markets, according to the twelfth annual Invesco Global Sovereign Asset Management Study...
Geopolitical tension has surpassed inflation as the primary concern of sovereign investors and is prompting greater interest in allocating to..
Green energy
2024 has been the strongest ever year for green bond sales, with deals topping USD356 billion in the first six months, according to research from Bloomberg...
2024 has been the strongest ever year for green bond sales, with deals topping USD356 billion in the first six..
infrastructure headline
The new Labour government has launched a GBP7.3 billion National Wealth Fund which will target private capital to support the UK’s growth ambitions...
The new Labour government has launched a GBP7.3 billion National Wealth Fund which will target private capital to support the..
Tom McPhail, lang cat
Today’s news of a landslide victory from the UK’s Labour party, finds that the markets had mostly factored in a widely predicted Labour win...
Today’s news of a landslide victory from the UK’s Labour party, finds that the markets had mostly factored in a..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by