GoalVest Advisory, a female-founded registered investment advisor, has unveiled its Venture Growth Fund, a new investment vehicle aimed at high-net-worth individuals and registered investment advisors (RIAs). This fund is tailored to tap into the trend of companies remaining private for extended periods, thereby opening up late-stage venture capital investment opportunities to a broader audience. The fund's strategy revolves around investing in mid-to-late stage venture-backed companies across various sectors, including artificial intelligence, SaaS, climate technology, and more, leveraging GoalVest's proven multi-channel deal sourcing approach.
The Venture Growth Fund is set to raise a minimum of $50 million, with investment slots limited to ensure exclusivity. Sevasti Balafas, Founder and CEO of GoalVest Advisory, pointed out the significance of venture capital in today's economy, noting that nearly 90% of U.S. companies are private. This fund is designed to bridge the gap for investors seeking growth opportunities beyond the public markets, with a focus on delivering substantial returns within a two- to four-year timeframe, a contrast to the longer horizons typically associated with early-stage venture capital.
Blair Cohen, Chief Investment Officer of the Venture Growth Fund, commented on the opportune timing for such investments, citing currently depressed valuations in the private markets. The fund is structured with RIAs and their clients in mind, featuring accessible minimum investments of $250,000, a shorter lock-up period compared to traditional venture capital funds, and a diversified portfolio aimed at reducing risk while maintaining the potential for high returns.
This initiative by GoalVest Advisory marks a pivotal moment for RIAs and high-net-worth investors looking to diversify their investment portfolios with alternative assets. The Venture Growth Fund not only offers a pathway to invest in high-growth private companies but also aligns with the broader shift towards private market investments as companies delay public offerings. With its focus on innovation and institutional-quality portfolios, GoalVest continues to solidify its position as a leader in the financial advisory space, recently recognized by USA Today as one of the top financial advisory firms in the country.
