Systematic Ranking Index (ESRI) Top 30

10,020 .44

Historical Performance 

monthly change
November 30, 2019 — December 31, 2019
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EQUIAM believes there is a better way to invest in private markets.

In the 1970s and 1980s, the hedge and mutual fund industries were led by high-cost discretionary managers. Beginning in the 1990s, the process of systematization (using data-driven strategies and portfolio engineering concepts) modernized these industries, increasing access and returns, elevating investment approaches, and compressing fees.

We believe the same sea change is now needed in the private markets and want to partner with investors to deliver high-quality access to private firms. By systemizing our investment and implementation process, we can invest rapidly and opportunistically into rigorously-vetted, data-driven selections of exceptional private firms.

Investment Methodology

We look at over 10 million unique data points from 2005 to present, including venture capital deal data, financial and trading data on comparable public market companies, alternative data sources for company performance, hiring, and cash position, and coincident pricing and flows information, leading to dynamic company level scoring that allows us to simultaneously monitor over 10,000 firms.

  • We limit our universe to companies that have had at least 3 Funding rounds and are large enough for us to get favorable liquidity in the secondary market
  • Then we filter down to 100 - 150 top firms using proprietary metrics of enterprise valuation and health
  • Finally, we use a collection of company level signals to select the 30 firms most likely to outperform, the EQUIAM Systematic Ranking Index (ESRI) Top 30, which is the basis for the core holdings of the EQUIAM Private Alpha Fund.

As shown above, an investment in January 2005 would have yielded net of fees annualized returns of 37%+ (net of all fees and expenses) through December 2019.

The performance contained above does not reflect the trading of any account advised EQUIAM or the actual trading of client capital. Such performance is hypothetical and was calculated by retroactively applying EQUIAM’s investment strategy. Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that the Fund, or any investor, will or is likely to achieve profits or losses similar to those shown.

Example Holdings

1. Gusto
2. Root Insurance
3. Tempus
4. Convoy
5. Databricks
6. Plaid
7. Brex
8. Confluent
9. Checkr
10. HashiCorp
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