Global Alts launches Unicorn Technology Fund II to provide investors access to private companies, create technological innovations for the future

Global Alts launches Unicorn Technology Fund II to provide investors access to private companies, create technological innovations for the future

Published: 01-10-2021 12:07:00 | By: Pie Kamau | hits: 3695 | Tags:

Global Alternative Investment Management LLC (Global Alts), announced the launch of Unicorn Technology Fund II, to acquire a portfolio of late stage, venture-backed technology companies that possess the potential to offer a liquidity event in the next 2-4 years.

The Fund targets companies with unique technological innovations that enhance productivity, facilitate economic growth, speed up inventions, prolong healthier lives, facilitate green energy, or other promising initiatives in areas such as blockchain, fintech, space exploration, healthtech, and other technology-focused areas.

The Unicorn Technology Fund II has raised more than $9 million to date and has deployed capital across twelve investments to date, including Robinhood, Humacyte, Rubrik, BockFi, Firefly Aerospace, Netskope, Kraken, PandaDoc.

Prateek Mehrotra, Chief Investment Officer, Endowment Wealth Management: "Several important factors have converged to create what we believe to be an optimal window for investors to consider investing in late-stage private tech companies. Our lives are increasingly impacted by disruptive technologies created by high-growth companies with innovative ideas that provide investors with unique opportunities. Because venture backed companies are remaining private longer, an increasing percentage of value is being created prior to going public. Thus, investors waiting for an IPO may be missing out on a significant portion of the growth phase of these Unicorn companies."

The Unicorn Technology Fund II was created to leverage the experience of the management team and knowledge in the venture capital and secondary market space. "Late-stage venture capital investing is not about seeking home runs; it's about capturing a bump in valuation that can often occur when a firm is acquired or goes public. Such investing is not without risk. We think that some of this risk can be mitigated by buying a diversified portfolio of established companies, being selective, and by seeking to acquire shares at prices discounted from the respective companies' last round of financing," said Mehrotra.

The Unicorn Technology Fund II is available only to Qualified Purchasers meeting certain income and net worth requirements.

www.globalalts.com