How do the mechanics work? Like, if someone buys into a mutual fund or ETF, the manager buys the proportional weights in the open market. If I buy a share of this, presumably they can’t call up some SpaceX employees and get them to sign a forward agreement.
Yes, Destiny Tech100 Inc., is a recently-formed, non-diversified, closed-end management investment company that intends to invest in a portfolio of what it believes to be 100 of the top venture-backed private technology companies.
How do the mechanics work? Like, if someone buys into a mutual fund or ETF, the manager buys the proportional weights in the open market. If I buy a share of this, presumably they can’t call up some SpaceX employees and get them to sign a forward agreement.
Imagine this is close end?
Yes, Destiny Tech100 Inc., is a recently-formed, non-diversified, closed-end management investment company that intends to invest in a portfolio of what it believes to be 100 of the top venture-backed private technology companies.
This is only available to US-residents/Citizens.
No, I have access in sweden.
Now confirmed available in Singapore, too. The fund website says U.S. only.