Cathie Wood, CEO and Chief Investment Officer, Ark Invest, speaks during the Milken Institute Global Conference on May 2, 2022 in Beverly Hills, California.
Patrick T. Fallon | AFP | Getty Images
Cathie Wood’s Ark Invest launched a new venture capital fund, aimed at individual investors with a minimum investment of just $500.
The actively managed ARK Venture Fund invests in private and public companies focused on technology innovation and selectively in other venture capital funds, the company said on Tuesday. The fund is available to individual investors initially through the Titan investment app.
“By launching the ARK Venture Fund, we seek to increase venture capital and private equity, giving all investors access to what we believe are the most innovative companies throughout their private and public market life cycles,” Wood said in a statement.
The ARK Venture Fund charges a flat management fee of 2.75%.
“We are excited to offer this innovative product initially through Titan, a company that shares our mission to democratize investing, enabling all investors to capitalize on exponential growth opportunities. In addition, Titan’s app allows investors access the ARK Venture fund through their individual retirement accounts,” Wood added.
