ARK Venture FAQs
April 17 2025 8:16pm • Est. Read Time: 7 MINWhat is the minimum to deposit into ARK Venture?
The minimum initial deposit amount in the ARK Venture Fund is $500. Please also keep in mind that the lowest amount to which you can withdraw is also $500, meaning that if you would like to withdraw an amount such that your remaining investment in the ARK Venture Fund is less than $500, you will have to make a full liquidation request.
What are the fees?
The ARK Venture Fund has a total expense ratio of 2.90%. This total expense ratio includes a 2.75% management fee and 0.15% in distribution fees. Titan does not charge its advisory fee on ARK Venture Fund holdings. For more details on ARK Venture Fund’s annual fund expenses, please reference the prospectus. This is on top of the Titan fee that all accounts are charged.
What is an interval fund?
Interval funds are registered investment vehicles that provide access to less liquid assets. Interval funds do not trade on the public market, should be considered long-term investments, and have restricted opportunities to sell. A key benefit of interval funds is that they can invest in illiquid assets.
How do liquidity windows work?
Investors will have the opportunity to request liquidity on a quarterly basis. Investors can request their capital to be distributed at any time, but redemptions will be paid 4 times a year. It is important to note, withdrawals are not guaranteed, please ensure you read the prospectus for more information before investing. Up to 5% of the fund’s total assets can be redeemed every quarter.
If cumulative redemption requests are under 5% of total fund assets, investors would receive 100% of their requested amount. If cumulative redemption requests are over 5% of total fund assets, investors would receive a pro-rata portion of their requested amount, depending on the redemption demand of other investors. Should an investor not receive their full requested amount, they can submit a subsequent request for the following liquidity window. In advance of liquidity needs, investors should plan appropriately to withdraw capital to ensure that withdrawals can be fully met.
How is this structure different from a traditional venture capital fund?
The fund differs from traditional venture capital funds in multiple ways:
The fund is evergreen, whereas traditional funds typically have a seven- to ten-year fund life. An evergreen fund can hold securities throughout the entire lifecycle of a business – from seed stage upstarts to publicly listed giants.
Quarterly redemption windows give investors potential liquidity, whereas traditional funds typically lock up investor capital for seven or more years. Quarterly liquidity is not guaranteed however.
This fund invests in both private and public companies, whereas traditional funds typically invest only in private companies.
The fund is available to non-accredited retail investors, whereas most traditional venture capital funds are only available to qualified purchasers, a special type of investor accreditation that requires an investor to have more than $5 million in investable assets.
Does this fund have a target life (e.g., 10 years) or is it an evergreen strategy?
This fund is an evergreen strategy. Operating as an evergreen cross-over fund, the ARK Venture fund participates in companies’ value creation throughout their life cycle, from early stage in the private markets, to giant multinational organizations in the public markets.
What are the minimum and maximum ranges for private assets vs. public equities?
Under normal circumstances, the Fund expects to invest 20% – 85% of its assets in securities of private companies and the remainder of its assets in publicly traded securities.
What happens when an ARK Venture portfolio company gets acquired?
Proceeds from a liquidity event such as an acquisition will be reinvested.
What happens when a private company held in the fund goes public?
Due to the evergreen nature of the fund, the ARK Venture Fund has the ability to hold public companies and therefore can choose to hold companies after an initial public offering (IPO).
What percentage of the fund will be deployed into early stage vs. late-stage opportunities?
ARK anticipates early-stage opportunities to represent 0-25% of the fund while late-stage private opportunities represent 50-80% of the private allocation.
How large does the ARK Venture Fund expect investments to be in private companies?
Initial investments into private companies will vary based on assets under management (AUM) and inflows, but the ARK Venture Fund anticipates initial check size to range from $500k to $20mm.
When will the fund value assets? If a company raises a round at a new valuation, does ARK value the asset shortly thereafter or is it done monthly/quarterly?
Public equities are priced daily, while the fair value of private assets is assessed on a quarterly basis by the Fund’s valuation committee with input from an independent third-party valuation firm. Under certain circumstances, such as a new funding round, ARK may adjust the fair value of a private asset intra-quarter.
What is the target number of investments? How many privately held companies versus public equity investments?
The total number of positions is dependent on fund AUM and inflows, but under normal circumstances, the Fund expects to invest 20% – 85% of its assets in securities of private companies and the remainder of its assets in publicly traded securities. This translates to roughly 25+ investments in private companies and 15-30 public company investments.
Does the ARK Venture Fund plan to take board seats?
The ARK Venture Fund does not plan on taking board seats in the private company investments. The core value of ARK Invest is to be a true long-term investor, allowing portfolio companies access to our ecosystem of public and private companies, co-investors, retail investors, and academics.
Why was the starting NAV $20?
Starting a fund at $20 per share is very common and low enough to allow smaller investors the entry point they need to make an investment.
What makes this fund different from its competitors?
Unlike traditional venture capital funds, the ARK Venture Fund is open to investors regardless of accreditation or qualification. In addition, the Fund offers 5% liquidity on a quarterly basis, so investors are not susceptible to 7+ year lock up periods like traditional venture capital funds. It is important to note, withdrawals are not guaranteed, please ensure you read the prospectus for more information before investing
ARK believes their differentiated value proposition combined with ARK’s network of co-investors, public companies, founders, and academics provides access to the most promising private technology companies.
How does venture capital differ from crowdfunding?
Investment decisions are made by ARK’s research team and investment committee, and investors in the fund receive exposure to a portfolio of companies rather than a single company.
What is the process for identifying new deals and can you describe the due diligence process?
ARK actively sources deals from their network of co-investors, public companies, founders, and academics. Additionally, ARK Analysts identify potential investment targets. Companies go through a rigorous due diligence process, including discussions with the company, reference calls, and financial modeling and are being scored on ARK’s proprietary five scores, people management and culture, product leadership, barriers of entry, ability to execute, and thesis risk.
What kind of early-stage venture capital funds does ARK plan to invest in?
We may invest in venture capital funds that we believe provide access to differentiated private company portfolios.
Is this fund open to international investors?
The ARK Venture Fund will not be available to international investors.
What kind of tax documentation will be provided?
Each investor will receive a 1099 DIV at year-end which will identify their taxable distributions, if applicable.
How can I access my Tax Documents?
Your tax documents will be available inside our app or web portal.
Via app: Account Profile page (your initial in the top right icon in the app) > Documents > Tax Documents
If you have enrolled in e-delivery of your tax documents, they should be emailed to you by Apex with this email address: taxnotification@apexfintechdocuments.com
If you have not opted into e-delivery, your tax forms should be mailed to your address on file in addition to being available online. This may include a $5 paper statement fee from our partner custodian.
Will investors get access to all the active investments made before the time of investments, or will there be different tranches of investors based on when they first invest?
Investors get exposure to the entire active portfolio regardless of when they invest.
How do future investments into the ARK Venture Fund work? For example, if I invest again in two years, will that capital be allocated to the private companies at the same valuation as my first investment?
The fair values of the private holdings in the Fund are assessed on a quarterly basis by ARK’s valuation committee with input from an independent third-party valuation firm. Under certain circumstances, such as a new funding round, ARK may adjust the fair value of a private asset intra-quarter. If and when a private company’s valuation changes (up or down), this will be reflected in the NAV (net asset value) of the Fund. In other words, any new capital invested will be allocated to private deals at their current valuation vs. the initial valuation.
What risks should I know about before investing in the ARK Venture Fund?
An investment in the Ark Venture Fund is subject to, among others, the following risks:
The Fund has no operating history. There is not expected to be any secondary trading market in the Shares.
Unlike an investor in many closed-end funds, Shareholders should not expect to be able to sell their Shares regardless of how the Fund performs. An investment in the Fund is considered illiquid.
Unlike many closed-end funds, the Shares are not listed on any securities exchange. The Fund intends to provide liquidity through quarterly offers to repurchase a limited amount of the Fund’s Shares (expected to be 5% of the Fund's Shares outstanding per quarter). There is no guarantee that shareholders will be able to sell their shares.
There is no assurance that distributions paid by the Fund will be maintained or that dividends will be paid at all.
The Fund’s distributions may be funded from unlimited amounts of offering proceeds or borrowings, which may constitute a return of capital and reduce the amount of capital available to the Fund for investment.
Any capital returned to Shareholders through distributions will be distributed after payment of fees and expenses.
The Fund invests in private, early-stage companies that may be considered highly speculative. As a result, investment in Shares of the Fund involves substantial risks including risks associated with uncertainty regarding the valuations of private company investments, high rate of failure among the early-stage companies, and restricted liquidity.
You can read more about the ARK Venture Fund at their website: https://www.ark-funds.com/funds/arkvx
Titan Global Capital Management USA LLC ("Titan") is an SEC registered investment adviser. Titan’s affiliate, Titan Global Technologies LLC (“TGT”), is a registered broker-dealer and member of FINRA/SIPC. Titan and TGT are subsidiaries of Titan Global Capital Management, Inc.
Please note that no information in this article is an offer, solicitation of an offer, or advice to buy or sell securities. When you invest in the ARK Venture Fund, TGT receives transaction-based compensation from the third-party fund. Read the funds prospectus carefully before investing. It contains the fund’s investment objectives, risks, charges, expenses and other information, which should be considered carefully before investing. For more information about the ARK Venture Fund, please reference the fund’s prospectus.