If you’re curious what’s happened in the eight weeks since, we’ve:
Launched 4 private opportunities across devtools, genAI, fintech, and nuclear
Filled the first two allocations in less than three weeks each
And we’re aiming to launch 3-5 more deals in the next few weeks
USVC Select gives you exposure to individual private companies alongside USVC.
The startups are Series B or later, recently backed by what we believe to be strong institutional investors, and we aim to offer them at the same price as their most recent round.
Each deal comes in its own vehicle with a 5% total management fee spread over four years and zero carried interest.
One deal we're especially excited about (live now)
We can't name the company publicly, but here's the shape of it:
AI needs enormous amounts of electricity, and the grid can't add it fast enough.
This company builds small nuclear reactors in a factory and ships it on trucks, turning what has historically been a decade-long, multi-billion-dollar construction project into a manufactured product.
A few reasons we’re excited about it:
It hit a major technical milestone this summer that only a handful of companies in its industry have ever reached.
The round is being led by a firm whose founder was one of Tesla's first institutional investor.
Reportedly 10 GW of signed customer interest, including some of the biggest names in data centers.
If you want a shot at this deal, fill out this interest form while allocation remains.
How to qualify for co-investment
Three things need to be true:
You're an accredited investor.
You hold at least $250,000 in USVC or another fund managed by AngelList Asset Management.
You have expressed your interest through our application form and been qualified by our team.
USVC is how you own a portfolio of what we believe are some of venture's best companies.
Select is how you can double down on the ones you believe in most.
— Ankur
P.S. I’m hosting a free, live workshop about USVC on Sept 2 @ 2pm ET!
I'll be able to answer any questions you might have about the investment, Select, and if it might be the right fit for you.
Alternatively, you can reply to this email and someone from my team will get back to you shortly!
Investors should carefully consider the investment objectives, risks, sales charges and expenses of USVC before investing. USVC's prospectus contains this and other information and may be obtained at http://usvc.com/prospectus or by calling 1 (888) 200-4361. Read the prospectus carefully before investing.
Select is a co-invest program alongside USVC. There is no guarantee USVC will invest in any specific opportunity in the Select program.
Admittance to the program is subject to the sole discretion of AngelList Asset Management, LLC (”AAM”). There is no guarantee you will be admitted to the program or get access to any specific deal if admitted to the program, and you may have your allocation reduced due to regulatory or other reasons.
This communication is for informational purposes only, is not intended to be a recommendation for any investment or other advice of any kind and shall not constitute or imply any offer to purchase, sell or hold any security or to enter into or engage in any type of transaction. Any such offers will only be made pursuant to USVC's prospectus, which should be carefully reviewed before investing.
Investing in the USVC Venture Capital Access Fund involves significant risk, including the possible loss of principal. Venture capital investments are speculative, illiquid, and subject to a high degree of risk. Past performance does not guarantee future results.
USVC Venture Capital Access Fund is distributed by North Capital Private Securities (NCPS), member FINRA/SIPC. NCPS is not affiliated with USVC's adviser or its affiliates.
Investing in USVC's shares involves substantial risk, including the potential loss of your entire investment. Shares are not listed on any exchange, are illiquid, and liquidity is limited to periodic repurchases at the discretion of the Board, which are not guaranteed. This investment is speculative and suitable only for long-term investors who can bear the risks of limited liquidity. Certain conflicts of interest involving USVC and its affiliates could impact USVC's investment returns and limit the flexibility of its investment policies. Past performance does not guarantee future results. Fees, expenses, and conflicts of interest may reduce returns.
USVC's shares have no history of public trading. You should not expect to be able to sell your shares other than through USVC's repurchase policy, regardless of how USVC performs. USVC does not intend to list its shares on any securities exchange during the continuous offering, and it does not expect a secondary market in the shares to develop.
USVC invests in private funds which are subject to certain risks including those related to illiquidity, indirect fees, valuation, limited operating histories and limited information regarding underlying investments. As a result of the foregoing, an investment in USVC's shares is not suitable for investors that require liquidity, other than liquidity provided through USVC's repurchase policy. The amount of distributions that USVC may pay, if any, is uncertain.
USVC Select refers to co-investment opportunities offered through separate private placement vehicles. These vehicles are not part of, and do not represent an interest in, the USVC Venture Capital Access Fund. They are offered only to verified accredited investors pursuant to Rule 506(c) of Regulation D. Nothing in this communication is an offer to sell or a solicitation of an offer to buy any interest in any USVC Select vehicle; any such offer will be made solely through that vehicle's own offering documents, which should be reviewed carefully before investing. Participation in the USVC fund does not entitle any investor to participate in USVC Select. USVC Select vehicles and the USVC Venture Capital Access Fund are managed by AAM; the allocation of investment opportunities between them presents conflicts of interest, addressed through the AAM's written allocation and conflicts of interest policies, which may still affect investment outcomes.
