Pre-IPO US tech fund opens up to new capital

MVP Star Tech NG fund opens up ahead of Uber listing

The MVP Star Tech NG fund has opened up to outside capital for the first time, offering investors access to pre-initial public offering (IPO), high growth US tech firms like Spotify, Uber and Lyft.

Now available to retail investors via IFAs and intermediaries, the fund began investing founders' capital in private growth companies in 2017, since which time it has participated in six IPOs, five exits and one acquisition. Where can investors find the best IPOs and new offerings? It comes ahead of the highly anticipated IPO of Uber, which is expected to raise around $10bn (£7.6bn) in one of the largest initial listings in years. Domiciled in Guernsey, the fund offers a portfolio of 15 to 25 unlisted companies and can deploy up to $250m a year. Its strategy is to hold a company un...