Emerging Pre-IPO Fund
A targeted portfolio of equity interests in 30 compelling private companies that have pre-IPO/unicorn potential and are in growth industries
Fund targets 30 multi-stage companies that we believe have the potential ability to reach $1 billion in valuation. If returns fall below our benchmark, we add complementary equity to the portfolio
For accredited investors and institutions only i.e. Annual income over $200k ($300k combined with a spouse) or net worth of $1 million either alone or combined with a spouse. Also includes certain family offices, trusts, entities and institutions with more than $5 million in assets
Targeting some of the world’s most compelling growth opportunities
Our Business
Managed by ex Goldman Sachs bankers/founders of MidasLP with 30+ advisors: senior execs from hedge funds to Fortune 500 companies
- Fund, through CrossWork's later stage accelerator, targets equity positions in 30 exceptional companies that generally have $1-$100 million in revenues and have unicorn potential
- Opportunities have been closed with compelling companies. Additional offers have already been made to potential portfolio companies. Learn more about our companies by scheduling some time with us
- For accredited investors and institutions only: Annual income over $200k ($300k combined with a spouse) or net worth of $1 million alone (or combined with a spouse). Also includes family offices, trusts, companies, other entities and institutions with more than $5 million in assets
If returns do not exceed 15% at no extra cost to investor, equity interests in 10 additional companies will be contributed to the fund
- Team members have over 100 years combined investment experience and deep pre-IPO experience
- Team track record of both billion dollar investment results: Facebook, Twitter, Cvent etc. and lessons learned from weaker outcomes
- Senior advisors create significant strategic advantage and grow equity value for portfolio companies
- N.B. The addition of equity while reducing risk does not guarantee specific returns. Also past results are no indication of future results
While targeting 5x returns. If returns do not exceed a floor of 15% p.a. investors get bonus equity
Emerging Pre-IPO Fund Strategy : Scenario Models
10x
- Out of 30 companies if one company reaches a $2 billion valuation:
- CrossWork’s interest assuming a 3% average holding is worth $60 million
- A $1 million interest would return $10 million on just this company without counting 29 remaining companies
2x
- Out of 30 companies if two companies reach a $200 million valuation:
- CrossWork’s interest assuming a 3% average is worth $12 million
- A $1 million interest would return $2 million on just these two companies without counting 28 remaining companies
Private equity investments, including ours, are risky, speculative, illiquid and carry the risk of loss of all capital.
Schedule A Meeting
- You must be an accredited investor (i.e. annual income over $200k ($300k combined with a spouse) or net worth of $1 million alone (or combined with a spouse). Also includes certain family offices, trusts, entities and institutions with more than $5 million in assets
- We walk you through our approach regarding both pre-IPO companies and emerging pre-IPO companies
- The goal of the call is to share information. There is no requirement or expectation of any action or committment after the call
Use this calendar tool to reserve a meeting time
Case Study:
>$1 billion evaluation
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A CrossWork adviser, an ex-Goldman Sachs banker, completed an early stage investment in
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completed an IPO on the New York Stock Exchange. IPO valuation over $1 billion
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was subsequently acquired for $1.6 billion by a fund founded by a former Goldman Sachs colleague
- As of August 2020 ranked top 10 among enterprise software companies in USA
- Note: We also have our fair share of investments that have failed, and that we learn from. Our strategy is focused on a portfolio approach to reduce risk
Emerging Pre-IPO Fund : Comparison
Emerging Fund
- Takes 2% to 10% ownership in each company at a targeted per company valuation of $10 million
- Attempting to reach or exceed targeted return simply requires adding more companies with no additional investment outlay. Feel free to schedule a call to learn more
- This does not guarantee results but does provide some risk reduction
Standard Fund
- $50k per investment at $10 million per company valuation would only get 0.5% equity per company
- Once fund is invested returns (investments) are, generally speaking, capped to investor
- Provides companies much needed capital for growth allowing for faster scaling
Case Study:
>$1 bilion evaluation
- Some of our advisors invest directly in the most compelling companies
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CrossWork adviser, Audie Attar, manager of professional athlete Conor McGregor, completed an investment in
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Jose Cuervo acquired an additional 29% stake in for $70 million, around August 2020, creating an implied floor valuation of $240 million
- This is not necessarily indicative of future performance. Our advisors generally have a mix of investment wins and losses and strive to learn from both wins and losses
