All Top 20 Private Blue-Chip Tech Companies in One Portfolio
Access a portfolio of the Top 20 most valuable private tech leaders.
The World’s First Systematic Private Equity Strategy
The Stableton Unicorn Top 20 strategy invests in the 20 most valuable private tech companies, including OpenAI, Anthropic, and Databricks. Building on the principle of public market index funds, it follows a systematic strategy—making it the first offering of its kind. In collaboration with Stableton, Morningstar developed the Morningstar® PitchBook® Unicorn Select 20 Index™—a custom index that backtests the historical performance of the Top 20 private unicorns. It demonstrates the strength of a systematic approach to investing in the leading private blue-chip technology companies. The index also serves as the main input for the target allocation of the Stableton Unicorn Top 20 strategy.
Discover the outsized potential of private market growth
The Top 20 private unicorns have consistently outperformed public markets and traditional VC strategies over the last 10 years, driving value creation.
Morningstar® PitchBook® Unicorn Select 20 Index™
Public Equities*
*as measured by the Morningstar® Developed Markets Target Market Exposure Index™
Please note that the information provided above is for illustrative purposes only and should not be construed as financial advice. Past performance is not indicative of future results, and historical data should not be relied upon as a guarantee of future performance. Furthermore, please be aware that the information presented is not intended to represent any specific product or investment, and is not intended to be a substitute for professional financial advice. This is not the actual product and should not be treated as such. Please consult with a licensed financial advisor before making any investment decisions.
How We Build the Portfolio
Systematic Exposure
A passive strategy aligned with index investing principles.
Transparent Strategy
Target allocation guided by rule-based Morningstar index.
Efficient Execution
Adjust allocations on rebalancings or reconstitutions (e.g. IPO).
Allocation Rules
All Top 20 unicorns in developed markets with equal weight and liquid secondary markets.
Systematic Exposure
A passive strategy aligned with index investing principles.
Transparent Strategy
Target allocation guided by rule-based Morningstar index.
Efficient Execution
Adjust allocations on rebalancings or reconstitutions (e.g. IPO).
Allocation Rules
All Top 20 unicorns in developed markets with equal weight and liquid secondary markets.
THE STABLETON UNICORN TOP 20 STRATEGY
The Stableton Unicorn Top 20 strategy is the only approach that combines passive investing principles with access to top-tier private tech companies in semi-liquid, low-cost and evergreen investment products.
HOW THIS BECAME POSSIBLE
Market Depth
The secondary market increased to $162 billion, making large privately held unicorns more liquid.
New Data Providers
Multiple data providers emerged, including Morningstar providing data on 1,750+ unicorns with its newly launched index series since Nov 2022.
Transaction Expertise
With a track record of over 100 transactions, Stableton is the leading firm to execute this strategy.
What’s Broken in Private Markets—And How We Fix It
Exposure & Selection
Complex to pick a “winner”
Harvest Premium
Passive; no manager selection
Exposure & Selection
Complex to pick a “winner”
Harvest Premium
Passive; no manager selection
Access & Complexity
Top VCs are difficult to access
Ease
Transparent strategy; simple access to pre-IPO leaders
Access & Complexity
Top VCs are difficult to access
Ease
Transparent strategy; simple access to pre-IPO leaders
High Fees
20% incentive fee or multi-layer
Lower Fees
Low cost, no performance fee
High Fees
20% incentive fee or multi-layer
Lower Fees
Low cost, no performance fee
Liquidity
Lock-up of 10+ years
Semi-Liquid
Quarterly redemptions at NAV
Liquidity
Lock-up of 10+ years
Semi-Liquid
Quarterly redemptions at NAV
CAPITALIZE ON THE Rising Momentum for THE Top 20 Unicorns
Convergence in private and public tech valuations points to ongoing repricing in late-stage growth equity, offering strategic upside potential.
Partner with Stableton
Join forces with a leader in growth equity to access the world’s most valuable pre-IPO investment opportunities. Sign up below to receive more information about the Unicorn Top 20 and get connected with a Stableton specialist.
Frequently Asked Questions
Why partner with Stableton?
Navigating private markets is complex, with hidden risks in seemingly attractive deals. Stableton’s deep expertise helps mitigate these challenges—managing everything from legal structuring to transaction execution in pre-IPO secondaries. Our data-driven approach and extensive sourcing network ensure optimal deal access and execution, allowing you and your clients to focus on strategic investment decisions. For more details, contact us or book a call with the Stableton team.
How does Stableton access pre-IPO opportunities?
Stableton leverages a trusted network of 100+ partners, including brokers, platforms, and direct relationships with sellers and companies. Our active role in pre-IPO transactions provides us priority access to exclusive opportunities—often on preferential terms that wouldn’t be available otherwise. To learn more, contact us or book a call with the Stableton team.
Can Stableton support investments beyond the Top 20 unicorns?
Absolutely. We are happy to explore specific investment opportunities outside our core strategy and provide tailored support based on your needs. Contact us and let us know what specific investments you need support with.
How can I stay informed about available opportunities?
Get in touch with the Stableton team for more details.
