Stableton Unicorn Top 20 Strategy
Stableton at a Glance
Stableton is a leading growth equity expert and launched it's world's first systematic pre-IPO strategy in 2023. Investors are able to benefit from a strong track record, experienced team, customizable structural setup, and cost-efficient execution.
Stableton Unicorn Index AMC
Venture Capital Access for Private Investors and Advisors
The world's first open-ended private market index product with enhanced liquidity. Leverage key global megatrends through rapidly growing technology leaders.
Unlock Growth Potential in Private Markets
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Unlock Growth Potential in Private Markets
Learn how investing in unicorns can unlock liquidity, portfolio flexibility, and access to high-growth companies pre-IPO. Sign up to get the exclusive guide to the VC and pre-IPO secondaries market.
85+ transactions across 40+ companies
$250mn+ AuM (127% CAGR since 12/2019)
100+ deal sourcing and trading partners
25+ professionals, with HQ in Zurich, Switzerland
2018 launched, with global HQ in Switzerland
Regulated asset manager (FINMA – Switzerland)
Solving Pain Points
Press coverage and awards
Exposure & Selection
Complex to pick a “winner”
Harvest Premium
Passive; no manager selection
Access & Complexity
Top VCs are difficult to access
Ease
Transparent strategy
High Fees
20% incentive fee or multi-layer
Lower Fees
No performance fee
Liquidity
Lock-up of 10+ years
Semi-Liquid
Quarterly liquidity
Investing in Top-20 Unicorns with one product
● Portfolio product with passive selection
● Attractive return potential
● Improved liquidity
● Invest from $100
Passive Portfolio
Investing in the most exciting private unicorns
● Investing in megatrends and Top Tech companies
● Lifetime of 1-5 years
● No performance fee applies
● Invest from $5’000
Single Deals
Investing in Top-20 Unicorns with one product
● Portfolio product with passive selection
● Attractive return potential
● Improved liquidity
● Invest from $100
Passive Portfolio
Investing in the most exciting private unicorns
● Investing in megatrends and Top Tech companies
● Lifetime of 1-5 years (each deal is different)
● No performance fee applies
● Invest from $5'000
Single Deals
Systematic Allocation with Clear Criteria
In comparison to traditional private market strategies, the target allocation and selection criteria a clearly defined thanks to Stableton's systematic approach.
Allocation Criteria
20 Largest Unicorns
Venture-backed and privately held companies with a valuation of >$1bn.
Liquid Unicorns
A minimum level of liquidity in the secondary market is required.
Equally Weighted
Target allocation of 5% per company to avoid concentration on a single title.
Developed Markets
Excluding some problematic and non-investible markets. Most exposure to the US/USD.
Regular Updates
Constantly updated data from Morningstar is considered, defining eligible unicorns.
Delivering genuine diversification
Increasing diversification via private markets, as public markets are becoming increasingly correlated.
Providing a unique, low-cost and efficient option
The world’s first private market product that aims to follow a passive selection logic, while offering improved liquidity and being open to all investors, including private clients.
Redefining the complexities of entry/exit
Low minimums, easy accessibility, improved liquidity and the possibility of secondary transactions through the Stableton Liquidity Desk.
Following the performance of private market luminaries
Easy access to a cross-selection of the most exciting tech companies in the world before they go public. We follow a transparent strategy, aiming to best represent the benchmark index holdings.
Our Edge
We are an established growth equity direct secondaries specialist. At Stableton we combine network, data, structuring and execution expertise to make this strategy work.
Unique possibility to aggregate supply across a fragmented, intransparent & inefficient secondary market. Proprietary deal flow. No leading centralized platform exists (all <15% share).
100+ sourcing partners, including banks, brokers, platforms, VCs, founders, funds, companies (tenders, sponsored), etc.
Focus on fast & frequent smaller deals with 50-100+ p.a.
($0.5m to $10m, sub-auction size)Cap table positions, repeat buyer and best party to work with
Superior Sourcing Network
In collaboration with Stableton, Morningstar created the custom Morningstar PitchBook Unicorn Select 20 Index
Working with top secondary market data providers, aggregating all available prices
Capturing and aggregating proprietary deal flow data leads to sourcing edge
Leading Index & Data Providers
Our unique possibility to aggregate investor demand across structures, portfolios, co-investments, and client types enables us to achieve required trading sizes
Unique Structuring Advantage
Investment committee Ø15+ years experience
85+ investments conducted; majority secondaries
Entrepreneurial, analytical and process-driven mindset
Streamlined and data-driven investment operations, enabling frequent and fast execution
Embracing tech (AI) in everything we do
Execution Expertise
Unique possibility to aggregate supply across a fragmented, intransparent & inefficient secondary market. Proprietary deal flow. No leading centralized platform exists (all <15% share).
100+ sourcing partners, including banks, brokers, platforms, VCs, founders, funds, companies (tenders, sponsored), etc.
Focus on fast & frequent smaller deals with 50-100+ p.a.
($0.5m to $10m, sub-auction size)Cap table positions, repeat buyer and best party to work with
Superior Sourcing Network
In collaboration with Stableton, Morningstar created the custom Morningstar PitchBook Unicorn Select 20 Index
Working with top secondary market data providers, aggregating all available prices
Capturing and aggregating proprietary deal flow data leads to sourcing edge
Leading Index & Data Providers
Our unique possibility to aggregate investor demand across structures, portfolios, co-investments, and client types enables us to achieve required trading sizes
Unique Structuring Advantage
Investment committee Ø15+ years experience
85+ investments conducted; majority secondaries
Entrepreneurial, analytical and process-driven mindset
Streamlined and data-driven investment operations, enabling frequent and fast execution
Embracing tech (AI) in everything we do
Execution Expertise
Robust, Scalable, and Time-Tested Investment Process
Is reduced as we deploy even large tickets fast
Positions for majority of trades. Cleanest structures
Access by working with companies directly, brokers and platforms
How to Partner with Stableton?
Partner with a leader in the growth equity space for accessing the world's most attractive pre-IPO investment opportunities. Please contact our team with any questions regarding Stableton Unicorn Top 20 strategy.
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Systematic Access to the Top Private Unicorns
We have created the world's first systematic private equity strategy that invests into the world's 20 most valuable private technology companies, such as Anthropic, Epic Games, Kraken, Open AI and Revolut. Together with Stableton, Morningstar created a custom index, which backtests the performance of the Top 20 private unicorns historically. It highlights the strong performance of systematically investing into these Top 20 private technology leaders.
Source: Morningstar Indexes as of 08/2024; Displayed logos represent former Morningstar® Pitchbook® Unicorn Select 20 Index™ constituents that went public