Definition
Pre-IPO access products offer accredited or qualified investors economic exposure to private companies before a public listing, often via funds, tender offers, or spv-investing structures rather than primary share issuance.
Key Points
- clear-street Private Markets (Jul 31, 2026) launches with databricks as debut name
- Typical structure: investor → SPV → third-party fund → company shares (record owner remains fund)
- Illiquidity, transfer restrictions, and company secondary-sale policies are material risks
Related
- spv-investing
- accredited-investor
- private-markets
- clear-street
- databricks
- private-markets-retailization