Welcome!

News Feed Item

SharesPost Investment Management Launches SharesPost 100 Fund, a New Way to Invest in High-Growth Private Companies

SharesPost Investment Management, LLC, today announced the launch of the SharesPost 100 Fund, an actively managed, closed-end interval fund that targets a diversified portfolio of private, late-stage, growth companies. The Fund enables investors large and small to diversify within the venture capital asset class and capture the growth potential of these companies.

As companies stay private longer, significant portions of their value appreciation occur during the private stage of their development. The SharesPost 100 Fund targets investments in maturing companies with solid growth records that are expected to enter the public markets within two to three years.

The Fund’s target universe is primarily the SharesPost 100, a list of fast growing, late-stage venture-backed companies that considers several factors, including revenue growth, market potential, and investor profile. SharesPost 100 companies leverage today’s technologies, and represent a diverse range of industries, including software, consumer Web, energy, healthcare, and more.

“There is immense growth happening in the private market, but average investors have not historically had access to this return potential,” said Sven Weber, President of SharesPost Investment Management. “The SharesPost 100 Fund not only provides access to private growth companies, but also to quarterly liquidity windows that are a vast improvement over the current state of play for private securities.”

Weber, who serves as the Fund’s portfolio manager, has an extensive track record working within the private markets. Before joining SharesPost, Weber served as president of SVB Capital at Silicon Valley Bank, where he managed the company’s venture capital investing business, which included investments exceeding $1.5 billion. He also managed secondary investments at Cipio Partners and direct investments for Siemens.

To help raise assets for the Fund, SharesPost has partnered with BIC Group LLC, a leading third-party distribution firm.

“We are extremely excited about the opportunity to distribute such a unique, high quality investment solution,” said Jim Kries, president and managing partner of BIC Group. “Making late-stage venture-capital investments available to mutual fund investors with a brand as powerful as SharesPost will be very appealing to our financial advisor clients. This will be a terrific opportunity for wealth advisors to access an asset class that has traditionally been reserved for hedge fund investors. This is a big victory for retail investors and very exciting for BIC Group.”

The SharesPost 100 Fund features a low minimum investment of $2,500 and offers a limited quarterly liquidity option that enables investors to redeem up to 5 percent of the outstanding Fund shares at net asset value.

The Fund can be accessed through SharesPost Financial Corporation and other participating broker-dealers. SharesPost Financial Corporation is a member of FINRA and SIPC. For more information, visit www.sharespost.com. To learn more, investors can access Fund information, including the Fund’s prospectus, at www.sharespost100fund.com.

About SharesPost Investment Management

SharesPost Investment Management (SPIM) manages a portfolio of funds that invest in leading private venture-backed late-stage growth companies. As private companies take much longer to go public than those of years past, considerable value appreciation is taking place outside of the public equity markets. SPIM helps investors who are looking to further diversify their overall asset allocation take advantage of private market returns. The SPIM team has exceptional Venture Capital knowledge and performs deep company and industry analysis to execute against differentiated and targeted fund strategies. For more information, visit http://sharespost.com/investment-management/overview.

About BIC

BIC Group, LLC, a registered Broker-Dealer and FINRA member, is a multi-boutique, active distribution sales firm who employs a national wholesaling team designed to raise substantial assets on behalf of represented asset management companies. The Firm distributes both open-end and closed-end mutual funds to retail and institutional advisors through a nationwide network of intermediary relationships. The Firm represents a distinctive partnership of boutique investment managers recognized for their individual investment styles, autonomous investment processes and unique brand identities. With sales and distribution experience across the spectrum of asset classes, BIC Group, LLC has established itself as a superior outsourced sales and distribution network. BIC Group, LLC has demonstrated a strong record of success in an increasingly complex and competitive investment environment. The Firm’s founding partners and national sales team are well-respected investment professionals with collective experience across the spectrum of alternative investments and traditional asset management.

Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus with this and other information about the Fund, please call 800-838-4780 or visit our website at www.sharespost100fund.com. Read the prospectus carefully before investing.

All investing involves risk including the possible loss of principal. The Fund primarily invests in securities of private, late-stage, growth companies. There are significant potential risks relating to investing in securities traded on private secondary marketplaces. Because these securities are generally not publicly traded, there will be uncertainty regarding the fair market value of the Fund’s investments, which could adversely affect the determination of NAV. Due to transfer restrictions and the illiquid nature of the Fund’s investments, we may not be able to purchase or sell our investments when we wish to do so. There are significant potential risks associated with investing in venture capital and private equity-backed companies with complex capital structures. The Fund’s investments may be concentrated in a limited number of securities, which could subject it to greater risk than that of a more diversified portfolio. There may be a greater concentration in technology securities that could adversely affect the Fund’s performance. Investments in foreign companies may involve significant risks in addition to the risks inherent in U.S. investments. If the Fund does not have at least 500 Members for an entire taxable year, you could receive an adverse tax treatment. The Fund’s limited quarterly repurchase policy may require the Fund to liquidate portfolio holdings earlier than the Investment Adviser would otherwise do so, and may also result in an increase in the Fund’s expense ratio; the program in any event is limited to 5% of the Fund’s outstanding shares each quarter. This is not a complete enumeration of the Fund’s risks. Please see the prospectus for additional details.

Foreside Fund Services, LLC, Distributor

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Kubernetes, Docker and containers are changing the world, and how companies are deploying their software and running their infrastructure. With the shift in how applications are built and deployed, new challenges must be solved. In his session at @DevOpsSummit at19th Cloud Expo, Sebastian Scheele, co-founder of Loodse, will discuss the implications of containerized applications/infrastructures and their impact on the enterprise. In a real world example based on Kubernetes, he will show how to ...
Traditional on-premises data centers have long been the domain of modern data platforms like Apache Hadoop, meaning companies who build their business on public cloud were challenged to run Big Data processing and analytics at scale. But recent advancements in Hadoop performance, security, and most importantly cloud-native integrations, are giving organizations the ability to truly gain value from all their data. In his session at 19th Cloud Expo, David Tishgart, Director of Product Marketing ...
SYS-CON Events announced today Telecom Reseller has been named “Media Sponsor” of SYS-CON's 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Telecom Reseller reports on Unified Communications, UCaaS, BPaaS for enterprise and SMBs. They report extensively on both customer premises based solutions such as IP-PBX as well as cloud based and hosted platforms.
As the world moves toward more DevOps and Microservices, application deployment to the cloud ought to become a lot simpler. The Microservices architecture, which is the basis of many new age distributed systems such as OpenStack, NetFlix and so on, is at the heart of Cloud Foundry - a complete developer-oriented Platform as a Service (PaaS) that is IaaS agnostic and supports vCloud, OpenStack and AWS. Serverless computing is revolutionizing computing. In his session at 19th Cloud Expo, Raghav...
Aspose.Total for .NET is the most complete package of all file format APIs for .NET as offered by Aspose. It empowers developers to create, edit, render, print and convert between a wide range of popular document formats within any .NET, C#, ASP.NET and VB.NET applications. Aspose compiles all .NET APIs on a daily basis to ensure that it contains the most up to date versions of each of Aspose .NET APIs. If a new .NET API or a new version of existing APIs is released during the subscription peri...
SYS-CON Events announced today that StarNet Communications will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. StarNet Communications’ FastX is the industry first cloud-based remote X Windows emulator. Using standard Web browsers (FireFox, Chrome, Safari, etc.) users from around the world gain highly secure access to applications and data hosted on Linux-based servers in a central data center. ...
Smart Cities are here to stay, but for their promise to be delivered, the data they produce must not be put in new siloes. In his session at @ThingsExpo, Mathias Herberts, Co-founder and CTO of Cityzen Data, will deep dive into best practices that will ensure a successful smart city journey.
DevOps at Cloud Expo, taking place Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long dev...
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Digital Transformation, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportuni...
StarNet Communications Corp has announced the addition of three Secure Remote Desktop modules to its flagship X-Win32 PC X server. The new modules enable X-Win32 to safely tunnel the remote desktops from Linux and Unix servers to the user’s PC over encrypted SSH. Traditionally, users of PC X servers deploy the XDMCP protocol to display remote desktop environments such as the Gnome and KDE desktops on Linux servers and the CDE environment on Solaris Unix machines. XDMCP is used primarily on comp...
There is growing need for data-driven applications and the need for digital platforms to build these apps. In his session at 19th Cloud Expo, Muddu Sudhakar, VP and GM of Security & IoT at Splunk, will cover different PaaS solutions and Big Data platforms that are available to build applications. In addition, AI and machine learning are creating new requirements that developers need in the building of next-gen apps. The next-generation digital platforms have some of the past platform needs a...
DevOps at Cloud Expo – being held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises – and delivering real results. Am...
Using new techniques of information modeling, indexing, and processing, new cloud-based systems can support cloud-based workloads previously not possible for high-throughput insurance, banking, and case-based applications. In his session at 18th Cloud Expo, John Newton, CTO, Founder and Chairman of Alfresco, described how to scale cloud-based content management repositories to store, manage, and retrieve billions of documents and related information with fast and linear scalability. He addres...
Fact: storage performance problems have only gotten more complicated, as applications not only have become largely virtualized, but also have moved to cloud-based infrastructures. Storage performance in virtualized environments isn’t just about IOPS anymore. Instead, you need to guarantee performance for individual VMs, helping applications maintain performance as the number of VMs continues to go up in real time. In his session at Cloud Expo, Dhiraj Sehgal, Product and Marketing at Tintri, wil...
SYS-CON Events announced today that eCube Systems, a leading provider of middleware modernization, integration, and management solutions, will exhibit at @DevOpsSummit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. eCube Systems offers a family of middleware evolution products and services that maximize return on technology investment by leveraging existing technical equity to meet evolving business needs. ...