San Bruno, CA-based SharesPost Investment Management, LLC launched a new venture capital fund.
The SharesPost 100 Fund is an actively managed, closed-end interval fund that targets a diversified portfolio of private, late-stage, growth companies 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.
Sven Weber, President of SharesPost Investment Management, serves as the Fund’s portfolio manager.
The SharesPost 100 Fund, which 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, can be accessed through SharesPost Financial Corporation and other participating broker-dealers.