Robinhood announced today that the RobinHood Ventures Fund I (RVI) has submitted an initial registration statement to the N-2 with the Securities and Exchange Commission (SEC) to launch the process of registering its shares.
Managed by RobinHood Ventures De, LLC, a recently launched subsidiary of RobinHood Markets, Inc., RVI is a closed end fund aiming to offer retail investors to expose companies to the border of their industries, while still private.
“For decades, wealthy people and institutions have invested in private companies, while retail investors have been locked unjustly.
Similar to the private stocks given to the EU, the RVI will serve as a vehicle for retail investors in the US to participate in private markets and gain exposure to companies while still private.
The RVI investment program will focus on a concentrated portfolio of private companies on the border of their respective industries. RVI plans to invest in the long run through the iPO and will seek to invest in various sectors.
The registration statement of the N-2 Form is subject to a revision of the sec and the shares may not be sold until the registration statement is declared. Robinhood intends to negotiate the RVI symbol for NYSE investors and retail, they will be able to buy and sell through brokerage companies such as Robinhood Financial LLC.