Introducing: The Cashmere Fund.

Until recently, alternative assets––including venture capital––have been off limits to most people. Yet “alts” have been part of the most sophisticated investor portfolios for decades. 

As an asset class, venture capital has historically achieved positive market returns by taking calculated early-stage risks. As we’ve stated, this offers significant upside potential within the private markets, where much of a company’s enterprise value is created and captured by investors.

So the question is: why aren’t more people invested in venture capital as part of their “diversified” portfolio? 

The answer? Because venture capital has been inaccessible to most of us. 

Today, many investors may believe they have a diversified portfolio––but without venture capital, they may not be there. 

According to BlackRock, “with the 60/40 portfolio becoming increasingly challenged, now may be the time to consider alternatives that can add diversification and target new sources of return.”

So, how can every investor target these “new sources of return” when private venture capital is restricted to only accredited investors?

The SEC recently announced that only 18.5% of US households are accredited investors – fewer than 1 in 5 US households. Even fewer have the disposable six-figure minimum check to enter a fund and wait 5-10 years prior to a return. In addition, fewer have access to a network of fund managers or a line of sight on the right fund at the right moment in time.

Based on the above, we can hypothesize that only 1% of today’s investors in the United States have access to venture capital – an asset class that accredited investors have had in their portfolios for decades.

Enter The Cashmere Fund. 

The Securities and Exchange Commission (SEC) interval fund vehicle was created to allow for limited investor liquidity in otherwise illiquid asset classes like venture capital.

The Cashmere Fund (Cashmere) became the first direct-to-consumer venture capital (DTCVC) fund that provides retail investors in the United States the opportunity to diversify their portfolios with the venture capital asset class.  

Cashmere allows (i) non-accredited investors, (ii) $500 minimum investments, and (iii)  redemption windows that provide investors with semi-annual liquidity opportunities.

At Cashmere, we’ve prioritized a portfolio across multiple sectors and stages, meaning we can proudly call ourselves the first “generalist” venture capital fund available to all investors. While we lean into consumer-facing companies powered by our Compound Influence™  thesis, we believe an investor’s first allocation in venture capital should reflect the general venture capital asset class: comprised of a variety of investing and sector categories. 

For those interested in an allocation of venture capital in their portfolio, we believe that the Cashmere Fund is an excellent option. The majority of investors in the US are most likely under-indexed in early stage companies, and Cashmere provides a turnkey solution to get started.

Cashmere is a first-of-its-kind venture capital fund. Our mission is to remove scarcity in venture capital and allow all investors the ability to invest and diversify their portfolios with this alternative asset class. 

Diversification = solved.

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_{(1) Accredited investor: An individual with 1) a net worth over $1 million, excluding primary residence (individually or with spouse or partner) 2) with income over $200,000 (individually) or $300,000 (with spouse or partner) in each of the prior two years, and reasonably expects the same for the current year (SEC.gov)}

_{(2)  https://www.acaglobal.com/insights/history-interval-and-tender-offer-funds}