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Cathie Wooden’s new fund provides small traders get admission to to the VC marketplace for simply $500

Cathie Wooden, leader govt officer and leader funding officer, Ark Make investments, speaks all through the Milken Institute World Convention on Might 2, 2022 in Beverly Hills, California.

Patrick T. Fallon | AFP | Getty Pictures

Cathie Wooden’s Ark Make investments introduced a brand new mission capital fund, focused on person traders with a minimal funding of simply $500.

The actively controlled ARK Undertaking Fund invests in 70% personal firms and 30% public companies all in favour of technologically enabled innovation, and selectively in different mission capital price range, the corporate stated Tuesday. The fund is to be had to person traders to begin with thru making an investment app Titan, a startup sponsored by means of Andreessen Horowitz.

“We’re doubling down on innovation,” Wooden stated in an interview on CNBC’s “Squawk Field” Tuesday. “Ark is transferring from social media and social advertising and marketing into social distribution, direct to shopper. Beautiful thrilling. We’re providing traders one thing they have got now not been in a position to get admission to prior to.”

The ARK Undertaking Fund fees a flat control price of two.75%, and does now not rate any carried hobby or load charges. The entire expense ratio of the fund is estimated to be 4.22%, Ark stated.

Ark’s flagship Innovation Fund (ARKK) has been below water all yr as Wooden’s disruptive darlings had been one of the greatest sufferers of emerging rates of interest. ARKK is down 60% this yr and rancid 70% of its 52-week top in November.

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