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.
The SEC application follows similar relief granted to ARK Venture Fund last month and could give investors additional liquidity outside scheduled repurchase offers.
Harrison Street's process sold 91% of shares offered, with 41% transacting at a 15% discount to NAV versus the 20% initially requested.
The Ethereum-based share class follows SEC relief that gives investors in the interval fund another liquidity channel.
The SEC application would allow ARK-advised funds to add exchange-listed and tokenized share classes, giving investors another way to access the secondary market.
The collaboration with LODAS Markets will first provide an additional liquidity pathway to investors of Harrison Street AM semi-liquid evergreen funds.
The interval fund targets venture companies through primary and secondary investments, and currently holds stakes in Kalshi, SpaceX, Databricks, and Runway AI.
The Forge-managed interval fund will target late-stage growth companies represented in the Forge Accuidity Private Market Index, mainly through secondaries.
We dive into the sports-focused interval fund, which targets investment opportunities through primaries, secondaries, and co-investments.
The closed-end interval fund provides retail investors with access to venture capital starting at $500.
