Enhanced Private Tech30 Index

4,001 .49

5.26%
monthly change
July 31, 2019 — August 31, 2019
2013 2014 2015 2016 2017 2018 2019
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Methodology

The Enhanced Private Tech30 Index is comprised of 30 U.S. based, venture-backed, technology companies whose valuations can be reasonably approximated based on available Delaware (or other state) filings, active trading or indications of interest in the secondary markets, as well as company and third-party disclosures.

The index level is updated on a monthly basis; companies are added and/or removed on a quarterly basis.

The pricing and associated proprietary secondary "market cap" of each component in each period is calculated by considering:

  1. Secondary trading activity (trades executed and disclosed tender offers),
  2. Latest primary financing rounds, and
  3. Active, validated bid/ask orders per each component.

Each of these inputs is weighted proportionally based on recency and size of transaction relative to the issuer.

Once the respective company market caps have been established, their respective impact within the index is adjusted. The Enhanced Private Tech30 Index prevents any company from ever comprising more than 3.33% of the total sum index market capitalization (e.g., equally weighted).

Inclusion Criteria

To be part of the Enhanced Private Tech30 Index, a company must be:

  • Venture-capital backed,
  • A stand-alone firm (i.e., not wholly or majority PE-owned or a subsidiary of a larger corporation),
  • A technology, or substantially technology reliant, corporation,
  • Accessible, or believed to be accessible, via the private secondary markets,
  • A C-corp. Significant reporting limitations on LLCs and Partnerships make valuation assessment extremely challenging, and
  • Free of fraud and/or mismanagement. Public, verified accusations and investigations relating to fraud or criminal mismanagement will result in prompt removal from the index.
  • Deemed suitable per our data-driven proprietary assessment metrics.

Top 10 Index Components

1. Gusto 2.6%
2. Root Insurance 2.6%
3. Tempus 2.6%
4. Convoy 2.6%
5. Databricks 2.6%
6. Plaid 2.6%
7. Brex 2.6%
8. Confluent 2.6%
9. Checkr 2.6%
10. HashiCorp 2.6%
Private investments are not appropriate for all investors. This asset class involves a high degree of risk, volatility and illiquidity, beyond that associated with traditional asset classes. Investors should consider private investments a supplement, comprising a modest portion of an overall investment strategy. Investors are solely responsible for, and are advised before making an investment decision with respect to the Fund to, review carefully the respective offering documents (including any relevant underlying agreements) and the related subscription documents regarding the Fund and are responsible for performing such due diligence as deemed appropriate, including consulting their own legal, tax, ERISA, and financial advisers. Any information provided by EQUIAM and its affiliates should not form the primary basis of an investor's investment decision. The material contained on this website is based upon information EQUIAM believes is reliable. However, EQUIAM does not represent or warrant that it is accurate, complete, and/or up-to-date. EQUIAM does not accept any responsibility to update any opinion, analyses or other information contained in the material. This material is for your general information only and solely to assist you in deciding whether to proceed with a further investigation of the Fund. It is not an offer or solicitation to buy or sell any security, which can be made only through the delivery of formal offering document(s) which include, among others, a confidential offering memorandum, limited partnership agreement, subscription agreement, and related subscription documents. Such formal offering documents contain additional information not set forth herein, including information regarding certain risks of investing, which such additional information is material to any decision to invest in the Fund. The information contained herein is based on certain assumptions, hypotheses, estimates, and anticipated outcomes which may or may not be true. decision...  More