• A 'model' fund of the 12 private companies enjoyed 500%+ value growth over the last 3 years. 
  • Scale-up and late stage companies (averaging 8 yrs old), have received multiple funding rounds of increasing sizes, offer less business risk than start-ups
  • Asset class has benefited a cabal of sophisticated ‘insider’ Silicon Valley VC investors and their LP’s
  • HNW Investors, Family Offices and many traditional institutions have been locked out of the high value accretion scale-up phase