The fund will debut with an expected price of $25 per share, and Robinhood customers can request initial allocations directly through the platform. Following the initial public offering, the fund will be tradable across other major brokerages, ensuring liquidity for a class of assets that is typically locked up for years.

Access to High-Growth Tech

The initial portfolio provides exposure to a curated selection of prominent private firms, including Databricks, Revolut, and Ramp. The fund also holds positions in Airwallex, Boom, Mercor, and Oura, with plans to add payments giant Stripe in the future.

According to the company, the vehicle is designed to be accessible to all investors by removing traditional hurdles such as accreditation requirements, performance fees, and investment minimums. CEO Vlad Tenev described the initiative as a fix for "one of the greatest longstanding inequities in capital markets today," signaling the company's intent to further democratize complex financial instruments.