How this differs from a public stock.
Access to private companies used to be reserved for the largest institutions and the ultra-wealthy. Not anymore.
A simple five step process.
Positions show on statements like any other holding.
Who counts as accredited?
Only accredited investors can invest in Pre-IPO offerings.
Meeting any one of these is enough. Select whichever apply.
Select any that apply.
Where the research comes from.
Monark leverages best-in-class private market research and news through our third-party partner, Sacra.
Third-party reports
An independent write-up on every company shown. Because it is written by a third party and not by Monark, the view stays unbiased.
Live valuation data
Today's price and the funding rounds behind it.
Reputable news
Funding rounds, leadership changes, customer wins and setbacks, pulled from established outlets and updated as they happen.
Now, invest in the most innovative private companies.
Any logos shown above are illustrative and not necessarily live deals on the Altruist platform.
The questions that come up most.
On the Altruist platform, alongside your client’s other assets, as a new Pre-IPO asset class. It shows up on their statement like any other holding.
No. It’s funded with cash your client already holds in their Altruist account, and custodied alongside their other assets.
Individual taxable accounts, for now. Retirement accounts are coming. Joint accounts aren’t supported yet.
Yes. In plain terms, that means an investor earns over $200K a year on their own (or $300K with a spouse) for the last two years, or has a net worth over $1M outside their home.
Some deals set a higher bar. Qualified purchaser status, which means at least $5M in investments. We’ll always tell you which standard applies to a specific deal.
Investors self-attest to their suitability status directly within the Altruist platform. No tax returns or bank statements required.
Not until an IPO, acquisition, or another liquidity event, so plan on a multi-year hold. There’s no secondary market at launch, so your client can’t sell out early. If the company IPOs, expect a lockup of roughly six months after that. Once the lockup lifts, shares are distributed in kind into your client’s Altruist account, and from there they trade like any other public stock.
Your client will own interest in a Special Purpose Vehicle, or SPV for short. It’s a single-asset fund that holds the underlying shares in the private company, like OpenAI, Kalshi, etc.
A one-time, upfront 6% management fee. No ongoing management fee or carry, at any layer. So on a $10K investment, $600 is the fee and $9,400 goes into the position.
No commission will be charged. The value of the position will instead be included in the advisor’s AUM-based fee if it is held in an account that the advisor bills on.
By advisor demand. Tell us what you want to see, either within the Altruist experience by submitting an IOI or by emailing Monark Markets at mcm-deals@monark-markets.com, and we pool that demand into a fixed allocation.
Questions not covered here
Anything this page does not cover, email Monark Markets directly.
Risks and disclosures
These apply to every offering.
Investors cannot sell early. There is no secondary market.
Not every company goes public or is acquired, and a deal can take years to produce any outcome.
Investors could lose their entire investment.
There is less information than with public stocks.
The 6% fee is paid up front. It is not refunded if the deal loses value.
This suits only money an investor can afford to lock away. Fees and minimums are set per deal.
For financial professional use only. Not for distribution to clients. This communication is provided by Monark Capital Management ("Monark"), an exempt reporting adviser not registered with the SEC as an investment adviser. Securities transactions, if any, may be effected through MMM Securities LLC, an affiliated broker-dealer and Member FINRA/SIPC, where required by applicable law. This communication is intended solely for investment advisers, institutional investors, family offices, and other financial professionals and is provided for informational purposes only. It does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation regarding any security or investment strategy. Any offering will be made only through definitive offering documents to investors meeting applicable eligibility requirements. Information regarding issuers, pricing, transaction structures, availability, or anticipated deal terms is indicative only, may be based in part on third-party information that has not been independently verified, and is subject to change or withdrawal without notice. Nothing herein constitutes a firm offer, commitment to transact, or valuation. Investments in private companies and pre-IPO securities are speculative, illiquid, and involve substantial risks, including the possible loss of principal. Past performance is not indicative of future results. Monark Capital Management and its affiliates may sponsor, advise, manage, or receive compensation in connection with the investment opportunities described herein, creating potential conflicts of interest. Additional information regarding fees, compensation, and conflicts of interest will be provided in the applicable offering documents. This communication is confidential and intended only to persons with whom Monark, MMM Securities, or their affiliates have a pre-existing substantive relationship. It is not a general solicitation or advertisement and may not be reproduced or distributed without the prior written consent of Monark Capital Management.