50 of the worlds most innovative private companies. One Fund.
The OPEN Unicorn Index Fund provides exposure to venture capital's largest companies at the forefront of innovation all in one investment.
- Fees: 2% management fee and no performance fee.
- Easy Access: OPEN plans to hold 30-40 of the top 50 constituents as determined by the Unicorn Index.
- Market Opportunity: The average discount across the constituents is 48.5% as of August 2023.
Example companies in the Unicorn Index
Why late stage venture?
Historically, pre-IPO is a great time to buy
Late-stage venture capital investments typically generate higher returns than any other stage in the asset life cycle.
On average, participating in private markets results in a 66% gain on investment six months after IPO, while purchasing at close on first IPO trading day results in a 1.4% loss.*
Mean Annualized Returns 6 Months After IPO
*Source: Manhattan Venture Partners, Pre and Post-IPO Returns Analysis. May 9 2022.
With all that in mind, would you rather own fund units in:
Traditional VC Growth Fund
Fees: 2% Management Fee, 20% Carry
Holdings: 7-8 of the largest 50 Unicorns
OPEN Unicorn Index Fund
Fees: 2% Management Fee, 0% Carry
Holdings: 30-40 of the largest 50 Unicorns