ARK Investment Management LLC, an investment adviser focused solely on investing in disruptive innovation, is pleased to announce the launch of the ARK Venture Fund, a regulated public fund investing in innovative private and public companies that all U.S. investors can access on the Titan app today.
“ARK Invest focuses solely on technologically enabled disruptive innovation, not only in our research and investment strategies, but also our products and services,” stated Cathie Wood, Founder, Chief Executive Officer, and Chief Investment Officer of ARK Invest. “By launching the ARK Venture Fund, we seek to augment venture capital and private equity, offering all investors access to what we believe are the most innovative companies throughout their private and public market lifecycles. We are thrilled to offer this innovative product initially through Titan, a company that shares our mission in democratizing investing, allowing all investors to capitalize on exponential growth opportunities. Additionally, Titan’s app enables investors to access the ARK Venture Fund through their Individual Retirement Accounts.”
The ARK Venture Fund is an actively managed, evergreen, crossover fund that invests in private and public companies focused on technologically enabled innovation and, selectively, in other venture capital (VC) funds. Importantly, with a minimum investment of only $500, any individual U.S. investor can potentially invest in the Fund, available immediately through the Titan app, without encountering qualification or accreditation thresholds. The ARK Venture Fund charges a management fee of 2.75% but does not charge any carried interest or load fees. The total expense ratio of the Fund is estimated to be 4.22%,1 which is what we believe is typical for other funds offering access to private companies. In our view, the ARK Venture Fund management fee is a true differentiator. We believe that our 2.75% flat management fee is more cost-effective than the current standard “2 and 20” model. The “2 and 20” model refers to charging a 2% management fee and 20% on generated profits, otherwise known as carried interest. Additionally, and unlike traditional VC funds which lock capital up for years, the ARK Venture Fund offers liquidity up to 5% of the fund’s NAV (net asset value) on a quarterly basis.
“We are thrilled about this exclusive partnership and the launch of the ARK Venture Fund,” stated Clayton Gardner, Co-CEO & Co-Founder of Titan. “We understand that the everyday investor has historically been locked out of venture capital due to accreditation requirements, high investment minimums, and lack of access to top-tier VC firms and deal flow. By offering Titan investors exclusive access to the ARK Venture Fund, we’re unlocking VC for most investors – another step in our mission to democratize investing. We’re excited to continue working closely with Cathie Wood and the ARK team, especially in the current market environment where compelling investment opportunities abound.”
U.S. investors can download the Titan app and invest in the ARK Venture Fund today. As mentioned above, Titan also provides clients with the ability to invest through both Traditional and Roth Individual Retirement Accounts (IRAs).
ARK Investment Management LLC is a federally registered investment adviser and privately held investment firm. Specializing in thematic investing in disruptive innovation, the firm is rooted in over 40 years of experience in identifying and investing in innovations that should change the way the world works. Through its open research process, ARK identifies companies that it believes are leading and benefiting from cross-sector innovations such as robotics, energy storage, genomic sequencing, artificial intelligence, and blockchain technology. ARK’s investment strategies include Autonomous Technology and Robotics, Next Generation Internet, Genomic Revolution, Fintech Innovation, Space Exploration & Innovation, 3D Printing, Israel Innovative Technology, and the overall ARK Disruptive Innovation Strategy. For more information about ARK, its offerings, and original research, please visit www.ark-invest.com.
Titan is an investment platform that enables individuals to build a portfolio made up of “titans”: a set of curated investment strategies, spanning public equities to real estate to credit to crypto, each created and managed by top-tier investors. We work with iconic institutional firms to provide access to strategies, ranging from venture to real estate, fit for the everyday investor—while also selectively developing our own proprietary products. We then guide our clients to construct diversified portfolios of these strategies, tailored to their needs. Personalized and intuitive, curated and exclusive—this is investing, powered by Titans. Titan was founded in 2017 by Clayton Gardner, Maxwell Bernardy, and Joe Percoco, and is backed by Andreessen Horowitz, General Catalyst, and Sound Ventures. Learn more at www.titan.com.
