PRE-IPO/ IPO Investment Opportunity

Providing investors with an opportunity to invest in late stage private disruptive companies prior to IPO.

Company Synopsis

Airbnb is the leading online marketplace for hospitality and lodging. Founded in 2008, San Francisco-based Airbnb has over 6 million listings in over 100,000 cities across 191 countries. With over 500 million unique guests, over 2 million people stay in an Airbnb listing per night on average. On August 10th, Airbnb had over 4 million stays, a record for a single day. According to recent reports, during Q1 2019 Airbnb recorded a record $9.4 billion in bookings, a 31% increase over Q1 2018.

Investment Details

  • Class BB will invest exclusively in Airbnb shares in the secondary market prior to an IPO.
  • The Investment Manager leverages key relationships to purchase shares from employees, off-market sellers, and prior-round investors.
  • The shares will be held in an SPV owned by the IPO Fund, Class BB.
  • Upon successful exit/IPO, the fund will sell its holdings and distribute the net proceeds back to investors. In-kind share delivery is also possible.

Co-Investment Opportunity

Providing investors with an opportunity to invest in late stage private disruptive companies prior to IPO.

Company Synopsis

Paytm is India’s largest and fastest growing fintech company. Its mobile payment solution is transforming the commerce market in India, attracting over 370 million users and processing more than $70 billion in annual transactions with approximately 12 million merchants on its platform. Commanding approximately 70% of the Indian mobile payments market, Paytm is well positioned to grow exponentially, in an addressable market expected to grow 5x and reach $1 trillion by 2023, according to Credit Suisse. The market for mobile payments alone is expected to pass $250 billion by 2023, from just $20 billion in 2018. On the back of its mobile payment platform, Paytm is fast becoming one of the largest financial players in India, a market of 1.4 billion people, and an economy growing at more than 7% per year. In what is becoming one of the leading growth markets globally, Paytm is on track to become one of the fastest growing fintech companies in the world.

Investment Details

Class H will invest exclusively in PayTM shares in the secondary market prior to an IPO.

The Investment Manager leverages key relationships to purchase shares from employees, off-market sellers, and prior-round investors.

The shares will be held in an SPV owned by the IPO Fund, Class H.

Upon successful exit/IPO, the fund will sell its holdings and distribute the net proceeds back to investors. In-kind share delivery is also possible.

Investment Details

Fund Share Class: US & International investors
Target Class BB Size: $11 million
Minimum Investment: $500,000
Management Fee: One-time 3%
Performance Fee: 20 %, charged on realized profits
1st Closing: July 12th, 2019
Liquidity: Upon exit/IPO
Custodian (liquidity): Pershing, LLC
Transactional Bank: CIBC Bank USA
Administrator: Opus Fund Services
Auditor: KPMG