The value in
private markets
private markets
Today’s most successful companies are staying private for longer. Moonfare's growth equity portfolio unlocks your access to the exceptional growth and returns happening pre-IPO.
The largest investor returns are generated pre-IPO
Selected companies included for illustrative purposes only. Pre-IPO investments are inherently risky.
A proven track record
Many managers behind the funds in the growth equity portfolio have deep roots in Silicon Valley. We've carefully chosen all of them thanks to their proven track records. They have invested in top tech startups with +1bn valuations.
Frequently asked questions
How does the Moonfare growth equity portfolio differ from a fund of funds?
The Moonfare growth equity portfolio boasts all the benefits of a fund of funds without the drawbacks. Like a fund of funds, it provides instant diversification with one ticket and helps allocate across multiple strategies with a lower minimum. The difference? You already know part of the portfolio composition upfront — unlike in a fund of funds. which usually has a blind-pool risk. In addition, funds of funds usually have an additional layer fee. In contrast, the Moonfare growth equity portfolio invests alongside the feeders of the Moonfare direct offering — which means we don't need an additional feeder.
How do capital calls work?
We will call 25 percent of your commitment two to four weeks after the relevant close. After you invest the 25 percent, we'll follow the capital call cadence of the underlying funds. Given the diversification in the portfolio and the administrative burden each call might pose, we'll aim to call on a quarterly basis. As a result, you should expect up to four calls a year.
How do you choose the growth equity funds? What does the asset allocation look like?
The Moonfare growth equity portfolio aims to build a balanced and diversified portfolio by primarily investing in growth equity funds. At the same time, there's also flexibility to invest in venture capital funds as well as other adjacent minority tech opportunities. You can also directly invest into operating companies. We identify the portfolio funds with the goal of offering investors long-term, attractive returns while balancing risk through diversification across geographies, fund managers and investment strategies. Direct investments in operating companies enable the partnership to customise capital deployment, mitigate the typical fund J-Curve, build stronger relationships with fund managers and double down on the performance of attractive deals — possibly at more attractive fee levels. Moreover, co-investments provide the flexibility to efficiently deploy capital in a specific geography or industry, or with a specific fund manager.
Will the growth equity funds in the portfolio change?
No, the funds in the portfolio won't be sold once they have been subscribed.
How does it work in terms of currencies?
Your investment will be denominated in USD and its performance's reference currency will be USD. When an underlying fund is EUR denominated, Moonfare will not engage in any hedging activities. That means that the Moonfare fund and, ultimately, the investors, will bear any currency exchange risks.
About Moonfare
Moonfare aims to lead a new era of private equity investing by creating the opportunity for higher returns for more people. We are building the world's most engaged investor community to inspire investments that drive the world forward.
Important information
Moonfare does not make investment recommendations and no communication, through this website or in any other medium should be construed as a recommendation for any security offered on or off this investment platform. Alternative investments in private placements, and private equity investments via feeder funds in particular, are speculative and involve a high degree of risk and those investors who cannot afford to lose their entire investment should not invest. Prospective investors should carefully consider the risk warnings and disclosures for the respective fund or investment vehicle set out therein. The value of an investment may go down as well as up and investors may not get back their money originally invested. Past performance is not necessarily a guide to future performance. An investment in a fund or investment vehicle is not the same as a deposit with a banking institution. Please refer to the respective fund documentation for details about potential risks, charges and expenses. Additionally, investors will typically receive illiquid and/or restricted membership interests that may be subject to holding period requirements and/or liquidity concerns. In the most sensible investment strategy for private equity investing, private equity should only be part of your overall investment portfolio. Further, the private equity portion of your portfolio may include a balanced portfolio of different private equity funds. Investments in private equity are highly illiquid and those investors who cannot hold an investment for the long term (at least 10 years) should not invest.
In the United States, securities products and services are offered through Moonfare Securities USA, LLC (“Moonfare Securities”). Moonfare Securities is a registered broker-dealer (brokercheck.finra.org) with the United States Securities and Exchange Commission and is a member of the Financial Industry Regulatory Authority, Inc. (www.finra.org) and the Securities Investor Protection Corporation (www.sipc.org).
- 1 Minimum investment may vary by country and local regulation.
- 2 Source: McKinsey "Private Markets Annual Review 2022"
- 3 Past performance is no guarantee of future returns.