The next big tech company is currently private. Here’s how to invest

It used to be a relatively short journey from founding to listing innovative tech companies. Take Apple (NASDAQ: AAPL) or Adobe (NYSE: ADBE) which both only took four years to list. It’s a different story today with companies staying private for longer. Atlassian (NASDAQ: TEAM), for example, took 15 years to list, while Airbnb (NASDAQ: ABNB) took 17 years.

Unsurprisingly, this longer lead time to IPO has seen the number of unicorns in the private market increase dramatically as they mature into larger operating businesses.

As a result, when such companies launch on the public market (or are bought out), it’s now typically at a significantly higher value than in the past which means that investors unable to access them privately may be missing some of the opportunity to participate in the accelerating growth of these companies in later stages of development.

Venture capital is not traditionally accessible to most investors, bar the biggest institutions and wealthiest investors. It can also come with different risk-return profiles depending on which point of the development cycle you invest in. Usually the accelerated growth phase, which many refer to as late-stage venture and growth equity, offers a more attractive risk-return profile compared to earlier stages.

In this Fund in Focus, I’ll introduce the GAM LSA Private Shares AU Fund, newly launched to Australian investors, which invests in leading late-stage private innovation companies. I’ll also discuss the changing private market landscape and the value proposition for investing at the accelerated growth phase.

Managed Fund

GAM LSA Private Shares AU Fund

Alternative Assets

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Liberty Street Advisors have partnered with GAM Investments to offer Australian investors access to their strategy.

To learn more about the GAM LSA Private Shares fund and receive your investor pack, visit their website here.