Key Takeaways
- • Vincent, a New York-based alternative investment search platform, launched VALT Asset Management, a professionally managed product offering diversified alternative asset portfolios to individual investors, according to a Business Wire release dated June 9, 2022.
- • The first VALT fund holds more than 30 alternative assets, including pre-IPO shares of SpaceX and Discord, Bitcoin, Banksy and Kusama art, NFT funds, a Canaras CLO fund, and commercial real estate.
- • Existing VALT investors named in the release include Joe Lonsdale, Jason Calacanis and Jenny Fielding, with the first portfolio having launched in November 2021.
- • VALT is positioned as the first digital-native asset manager dedicated exclusively to alternatives, offering access to assets once limited to institutional investors through a mobile app.
- • The release cites projected growth of the global alternative investment market from $13.9 trillion in 2020 to $26 trillion by 2026, though these figures are the company's own citations.
Summary
Vincent, described as the leading alternative investment search platform, has announced the launch of VALT Asset Management, a product intended to give individual investors access to institutional-grade alternative assets, according to a Business Wire press release. The company says VALT is the first professionally managed diversified alternatives product of its kind and is open for investment as of the release date. Portfolios span venture capital, cryptocurrency, collectibles, real estate, art and debt.
The first VALT fund consists of more than 30 assets, per the release. Holdings include shares in SpaceX and Discord, Bitcoin, art by Yayoi Kusama and Banksy, a pair of Michael Jordan-autographed Air Jordans, investment-grade Babe Ruth and Serena Williams trading cards, leading NFT funds, a Canaras CLO fund and commercial real estate. The release states that the first portfolio launched in November and that Joe Lonsdale, Jenny Fielding and Jason Calacanis are among its investors.
The company frames the launch against what it describes as rapid growth in alternative investing, citing a projected expansion of the global market from $13.9 trillion in 2020 to $26 trillion by 2026. It also argues that investors are seeking assets uncorrelated with public markets amid economic uncertainty. These market projections are the company's own citations and have not been independently verified in the release.
Vincent was co-founded by Slava Rubin, formerly a co-founder of crowdfunding platform Indiegogo, along with Evan Cohen and Eric Cantor. Cohen was previously a partner at venture fund HCVC, and Cantor is described as a five-time company founder with 20 years of alternative investment experience. Vincent says it has aggregated more than $6 billion in opportunities and that more than 400,000 individuals have used its platform since its 2020 launch. VALT is developing additional products and infrastructure, the release says.
The release is promotional in nature and does not disclose fee structures, minimum investments, or fund performance figures.
The first VALT fund consists of more than 30 assets, per the release. Holdings include shares in SpaceX and Discord, Bitcoin, art by Yayoi Kusama and Banksy, a pair of Michael Jordan-autographed Air Jordans, investment-grade Babe Ruth and Serena Williams trading cards, leading NFT funds, a Canaras CLO fund and commercial real estate. The release states that the first portfolio launched in November and that Joe Lonsdale, Jenny Fielding and Jason Calacanis are among its investors.
The company frames the launch against what it describes as rapid growth in alternative investing, citing a projected expansion of the global market from $13.9 trillion in 2020 to $26 trillion by 2026. It also argues that investors are seeking assets uncorrelated with public markets amid economic uncertainty. These market projections are the company's own citations and have not been independently verified in the release.
Vincent was co-founded by Slava Rubin, formerly a co-founder of crowdfunding platform Indiegogo, along with Evan Cohen and Eric Cantor. Cohen was previously a partner at venture fund HCVC, and Cantor is described as a five-time company founder with 20 years of alternative investment experience. Vincent says it has aggregated more than $6 billion in opportunities and that more than 400,000 individuals have used its platform since its 2020 launch. VALT is developing additional products and infrastructure, the release says.
The release is promotional in nature and does not disclose fee structures, minimum investments, or fund performance figures.
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