We co-invest beside named lead funds and only run an SPV when we secure a real allocation on the round’s terms — never a markup.
Each deal ships with a written thesis, the cap table, prior-round terms, and the fee schedule. You decide, deal by deal — nothing is blind-pooled.
Members subscribe into a single-purpose LLC. We handle formation, KYC, the close, and the K-1s. Minimums from $25,000.
Carry is 20% over a 1× return hurdle; a flat 2% one-time admin fee. We report marks quarterly and return capital on exit or secondary.
Verify your accreditation once. Every future allocation opens the moment it goes live.
Markets, deals, and the group chat — for people who read the footnotes.