ARK Venture Fund Opens Private Market Access to Retail Investors
Cathie Wood's ARK Venture Fund is democratizing access to high-growth private companies like OpenAI and SpaceX. With a $500 minimum investment, the fund breaks down traditional barriers to venture capital. Its 2.9% management fee reflects active curation of 66 holdings, predominantly in private equity.
The interval fund structure presents unique liquidity constraints, but performance since inception justifies the approach. As of Q3 2023, the $325 million portfolio demonstrates how alternative assets are entering mainstream investment channels.