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
Bert Loomis was a visionary. This general session will highlight how Bert Loomis and people like him inspire us to build great things with small inventions. In their general session at 19th Cloud Expo, Harold Hannon, Architect at IBM Bluemix, and Michael O'Neill, Strategic Business Development at Nvidia, discussed the accelerating pace of AI development and how IBM Cloud and NVIDIA are partnering to bring AI capabilities to "every day," on-demand. They also reviewed two "free infrastructure" pr...
Major trends and emerging technologies – from virtual reality and IoT, to Big Data and algorithms – are helping organizations innovate in the digital era. However, to create real business value, IT must think beyond the ‘what’ of digital transformation to the ‘how’ to harness emerging trends, innovation and disruption. Architecture is the key that underpins and ties all these efforts together. In the digital age, it’s important to invest in architecture, extend the enterprise footprint to the cl...
Keeping pace with advancements in software delivery processes and tooling is taxing even for the most proficient organizations. Point tools, platforms, open source and the increasing adoption of private and public cloud services requires strong engineering rigor – all in the face of developer demands to use the tools of choice. As Agile has settled in as a mainstream practice, now DevOps has emerged as the next wave to improve software delivery speed and output. To make DevOps work, organization...
"Dice has been around for the last 20 years. We have been helping tech professionals find new jobs and career opportunities," explained Manish Dixit, VP of Product and Engineering at Dice, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
More and more brands have jumped on the IoT bandwagon. We have an excess of wearables – activity trackers, smartwatches, smart glasses and sneakers, and more that track seemingly endless datapoints. However, most consumers have no idea what “IoT” means. Creating more wearables that track data shouldn't be the aim of brands; delivering meaningful, tangible relevance to their users should be. We're in a period in which the IoT pendulum is still swinging. Initially, it swung toward "smart for smar...
Rapid innovation, changing business landscapes, and new IT demands force businesses to make changes quickly. In the eyes of many, containers are at the brink of becoming a pervasive technology in enterprise IT to accelerate application delivery. In this presentation, attendees learned about the: The transformation of IT to a DevOps, microservices, and container-based architecture What are containers and how DevOps practices can operate in a container-based environment A demonstration of how ...
Extracting business value from Internet of Things (IoT) data doesn’t happen overnight. There are several requirements that must be satisfied, including IoT device enablement, data analysis, real-time detection of complex events and automated orchestration of actions. Unfortunately, too many companies fall short in achieving their business goals by implementing incomplete solutions or not focusing on tangible use cases. In his general session at @ThingsExpo, Dave McCarthy, Director of Products...
Successful digital transformation requires new organizational competencies and capabilities. Research tells us that the biggest impediment to successful transformation is human; consequently, the biggest enabler is a properly skilled and empowered workforce. In the digital age, new individual and collective competencies are required. In his session at 19th Cloud Expo, Bob Newhouse, CEO and founder of Agilitiv, drew together recent research and lessons learned from emerging and established compa...
Without a clear strategy for cost control and an architecture designed with cloud services in mind, costs and operational performance can quickly get out of control. To avoid multiple architectural redesigns requires extensive thought and planning. Boundary (now part of BMC) launched a new public-facing multi-tenant high resolution monitoring service on Amazon AWS two years ago, facing challenges and learning best practices in the early days of the new service. In his session at 19th Cloud Exp...
"Venafi has a platform that allows you to manage, centralize and automate the complete life cycle of keys and certificates within the organization," explained Gina Osmond, Sr. Field Marketing Manager at Venafi, in this SYS-CON.tv interview at DevOps at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Effectively SMBs and government programs must address compounded regulatory compliance requirements. The most recent are Controlled Unclassified Information and the EU's GDPR have Board Level implications. Managing sensitive data protection will likely result in acquisition criteria, demonstration requests and new requirements. Developers, as part of the pre-planning process and the associated supply chain, could benefit from updating their code libraries and design by incorporating changes. In...
"Coalfire is a cyber-risk, security and compliance assessment and advisory services firm. We do a lot of work with the cloud service provider community," explained Ryan McGowan, Vice President, Sales (West) at Coalfire Systems, Inc., in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Regulatory requirements exist to promote the controlled sharing of information, while protecting the privacy and/or security of the information. Regulations for each type of information have their own set of rules, policies, and guidelines. Cloud Service Providers (CSP) are faced with increasing demand for services at decreasing prices. Demonstrating and maintaining compliance with regulations is a nontrivial task and doing so against numerous sets of regulatory requirements can be daunting task...
CloudJumper, a Workspace as a Service (WaaS) platform innovator for agile business IT, has been recognized with the Customer Value Leadership Award for its nWorkSpace platform by Frost & Sullivan. The company was also featured in a new report(1) by the industry research firm titled, “Desktop-as-a-Service Buyer’s Guide, 2016,” which provides a comprehensive comparison of DaaS providers, including CloudJumper, Amazon, VMware, and Microsoft.
Businesses and business units of all sizes can benefit from cloud computing, but many don't want the cost, performance and security concerns of public cloud nor the complexity of building their own private clouds. Today, some cloud vendors are using artificial intelligence (AI) to simplify cloud deployment and management. In his session at 20th Cloud Expo, Ajay Gulati, Co-founder and CEO of ZeroStack, will discuss how AI can simplify cloud operations. He will cover the following topics: why clou...