Robinhood sets up Ventures Fund I to open private markets to retail
Key Takeaways Robinhood wants to open up private equity–style investing to retail traders via a listed closed-end fund. The fund follows Robinhood's previous expansion into private tokenized stocks and plans to list RVI shares on the NYSE. American fintech company Robinhood Markets has filed an initial registration statement with the SEC to launch Robinhood Ventures Fund I (RVI), a closed-end fund that targets investors seeking private market exposure, the company said Monday. The fund will focus on investing in high-growth private companies across various industries. Once approved by the SEC, retail investors can purchase RVI shares to gain indirect access…
