Donerail Private Markets will target large secondary trades in late-stage private companies, with a focus on AI, enterprise software, and fintech.
We dive into the AI-focused fund of funds, outlining the investment strategy, share structure, and planned New York Stock Exchange listing.
The equity management platform is expanding into private market liquidity, with plans to develop a secondary marketplace for company-approved transactions.
Adams Street Venture & Growth Fund will target private companies in the early and growth stage through secondaries and co-investments.
The new solution will start with a pre-IPO AI company, using tokenized notes that can be bought and sold around the clock on the secondary market.
The Ethereum-based share class follows SEC relief that gives investors in the interval fund another liquidity channel.
ARK has outlined plans to list Class X shares on the Texas Stock Exchange under ARKV and offer a separate tokenized class, providing investors with additional liquidity options.
"Companies are choosing to stay private far longer, making liquidity an essential part of the private company lifecycle," said Ravi Viswanathan, Founder and Managing Partner of NewView.
The London-based startup aims to address private credit's fund-level liquidity, which remains constrained by available cash and redemption terms.
The Utah-based company raised $2 million in a pre-seed round led by New Stack Ventures.
