ARK Invest is betting big on private tech companies.
"It's an amazing time to invest in innovation," the firm's chief futurist, Brett Winton, told CNBC's "ETF Edge" this week.
Winton worked with the ARK Invest team to create the ARK Venture Fund (ARKVX), a closed end interval fund, in September 2022.
Closed-end interval funds allow investors to invest in private companies at their net asset value at any time, regardless of market volatility.
As of Thursday's close, the ARK Venture Fund was up 29% since its inception date.
Persons:
Brett Winton, CNBC's, Winton, ARK, …
Organizations:
Invest, ARK Invest, ARK Venture, Games, SpaceX