ARK Venture Fund
About ARK Invest
- What is ARK's value proposition for obtaining access to high quality private companies?
- What sort of competitive advantages will companies expect to receive from ARK participation?
- What makes the ARK Venture Fund different from its competitors?
- How big is the VC team at ARK?
- How will ARK work with underlying companies? Will ARK take board seats?
How To Invest / Redeem
- How can I invest in the ARK Venture Fund?
- Will investors get access to all the active investments made before the time of investments, or will there be different tranches of investments based on when they come in?
- Will investors get a K1 or 1099?
- Is the ARK Venture Fund open to international investors?
- Why should retail investors feel confident in investing in venture capital amidst broader economic slowdown? Does ARK believe this is a good time to get capital to work in venture deals?
- Will investors be able to get 100% of capital out every quarter? If not, when will investors receive 100% of their investment back if seeking to redeem?
- How do liquidity windows work?
Investment Process
- What kind of early-state venture capital funds does ARK plan to invest in? Why invest in other funds?
- What is ARK’s value proposition for obtaining access to high-quality private companies?
- What is the process for identifying new deals and how are they diligenced?
- What makes this fund different from its competitors?
- What happens to capital ahead of it being deployed into a new VC investment?
- What is the target number of investments? How many privately held companies versus public equity investments?
- What do you expect to pay for a position in a private company? How will the underlying investments be weighted within the portfolio?
- What percentage of the fund will be deployed into early stage vs. late stage opportunities?
- What happens when an ARK Venture portfolio company gets acquired? Does ARK Venture distribute proceeds?
- How is this structure different from a private equity limited partnership?
Structure of the Fund
- How have the ARK Venture Fund’s expenses been updated?
- Will investors get access to all the active investments made before the time of investments, or will there be different tranches of investors based on when they come in?
- Will investors get a K1 or 1099?
- What kind of early-state venture capital funds does ARK plan to invest in? Why invest in other funds?
- How does venture capital differ from crowdfunding?
- Why is the starting NAV $20?
- What is target AUM? How does not hitting that target change investment philosophy? How does raising far more change philosophy?
- What is the target number of investments? How many privately held companies versus public equity investments?
- When will the fund value assets? If a company raises a round at a new valuation, does ARK value the asset shortly thereafter or is it done monthly/quarterly?
- What do you expect to pay for a position in a private company? How will the underlying investments be weighted within the portfolio?
- What percentage of the fund is held in public equities? What is the criteria for these public equities?
- What happens when a private company held in the fund goes public?
- What is the minimum and maximum range for private assets vs. public equities?
- Does this fund have a target life (e.g., 10 years) or is it an evergreen strategy?