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Benzinga
Benzinga
Business
Triveni Kothapalli

Robinhood Unveils New Fund To Open Private Markets To Everyday Investors

HOOD Robinhood SEC RVI Securities and Exchange Commission
The Robinhood Trade

Robinhood Markets Inc. (NASDAQ:HOOD) is moving to expand retail investor access to private companies through the launch of Robinhood Ventures Fund I (RVI), a closed-end fund that has filed an initial registration statement on Form N-2 with the Securities and Exchange Commission. The fund will be managed by Robinhood Ventures DE, LLC, a newly created, wholly owned subsidiary of the company.

The initiative aims to give individual investors exposure to firms before they go public, an opportunity historically reserved for wealthy investors and institutions.

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