Industry Newsprivate marketssecondary transactionspowerlaw corp
Powerlaw Offers Retail Access To Private Tech
6.3
Powerlaw Corp. filed with the SEC to list a $1.2 billion assets-under-management fund that holds stakes in SpaceX, OpenAI, Anthropic PBC and Anduril. The firm plans a direct listing to sell existing shares and will charge a 2.5% management fee, citing a net asset value of about $475 million. If approved, U.S. retail investors could buy shares through brokerages.
Key Points
- 1Holds stakes in SpaceX, OpenAI, Anthropic PBC and Anduril via $1.2B AUM fund
- 2Targets retail investors by planning a direct SEC-listed vehicle, widening access to private markets
- 3Implies trading risks: closed-end discounts, limited disclosures, and a 2.5% management fee
Scoring Rationale
Moderate industry relevance and official SEC filing boost credibility; limited novelty and niche retail focus constrain impact.
Sources
Public references used for this report.
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