The Private Shares Fund

Christian Munafo and Kevin Moss share their review and outlook on the current market landscape and provide a portfolio update in The Private Shares Fund Q1 2025 Webinar. To view the full webinar replay please visit: https://lnkd.in/eSy_K36C #privatemarkets #alternativeinvestments #webinar

Voyager Technologies announced it is expanding work with the data analytics firm, Palantir, to develop advanced sensor systems to be used by U.S. military satellites. The system integrates Palantir AI capabilities with Voyager’s hardware. “This new payload consists of a configurable sensor suite and computation system with real-time collection and analysis software supporting autonomous operations,” said president of defense and national security at Voyager, Matt Maga?a. Read more about Voyager and its military space work in the article, linked below. Voyager Technologies is a holding in The Private Shares Fund as of 2/28/25. To view the full portfolio and learn more about The Private Shares Fund, please visit https://lnkd.in/gTeAzvq8 #militarycontracts #aerospace #spacetechnology https://lnkd.in/e8nXHNJs

Cerebras Systems announced its partnership with Perplexity to deliver AI-powered search results at record speeds. Perplexity’s Sonar Model runs on Cerebras chips, specialized for AI, at 1,200 tokens per second. “Cerebras’s cutting-edge AI inference infrastructure has enabled us to achieve unprecedented speeds and efficiency,” said Perplexity CTO Denis Yarats. This partnership underscores a growing trend of AI companies utilizing specialized hardware to seek competitive advantages, reports VentureBeat. Read the full article in VentureBeat, linked below. Cerebras Systems is a holding in The Private Shares Fund as of 2/28/25. To view the full portfolio and learn more about The Private Shares Fund, please visit https://lnkd.in/gTeAzvq8 #AI #searchengines #AIinference LLM: Large language model GPU: Graphics processing unit Tokens per second: the number of tokens (units of data) that a LLM can generate or process in one second Factuality scores: used to quantify how likely it is that the information generated by an LLM is truthful and accurate. A higher score indicates the more confident a model is in its accuracy https://lnkd.in/gUcMCCw6

The Private Shares Fund’s “This Month in Venture” rounds up recent holding company updates, news, portfolio manager insights, and more. Read our latest February newsletter below or at https://lnkd.in/egwcycAW #venture #IPO #venturenews

Christian Munafo, Portfolio Manager of the Private Shares Fund, highlights outlook on the venture-backed secondary market with SecondaryLink. In the article, Munafo shares insight on venture-backed companies staying private for longer, conditions impacting market volume, the IPO backlog, and more. Read more about the article and learn more about The Private Shares Fund here: https://lnkd.in/gMvvaqqS #outlook #secondaries #privateinnovation

BETA TECHNOLOGIES founder and CEO, Kyle Clark, spoke with TechCrunch in a featured article, highlighting the electric aircraft company’s history, accomplishments, and strategic plans. Clark piloted the Alia CX300, one of Beta’s two aircraft models, on a maiden flight of the first electric aircraft built on the company’s scaled production line. “I got to sit in a chair in the sky, flying west by myself at 7,000 feet in a system that wasn’t even conceived a few years ago, and that’s a pretty special thing to be able to do,” said Clark. Beta has already received orders from Air New Zealand for four CX300s and cites UPS and the U.S. Air Force among its customers for a variety of use cases. Read more about Beta Technologies in the article, linked below. Beta Technologies is a holding in The Private Shares Fund as of 2/28/25. To view the full portfolio and learn more about The Private Shares Fund, please visit https://lnkd.in/gTeAzvq8 #aerospace #EVplanes #eVTOL OEM: Original equipment manufacturer https://lnkd.in/gizFrtSD

Voyager Technologies’ Matt Maga?a, president of Voyager Technologies’ defense and national security business, spoke with SpaceNews regarding the Pentagon’s “Golden Dome” program, which aims to protect the U.S. from “an evolving array of aerial threats.” Talks from the Missile Defense Agency’s briefing held last month have triggered activity from aerospace and defense sector companies interested in getting involved. “There’s a clear signal from the government that they want to tap into commercial innovations for Golden Dome,” said Maga?a. Voyager is currently developing a solid-propulsion subsystem for the Next Generation Interceptor (NGI) as a subcontractor to Lockheed Martin. For Golden Dome, Voyager has plans to offer edge computing systems, which the company is currently developing in partnership with Palantir. Read more about Voyager Technologies and the Golden Dome program in the SpaceNews article, linked below. Voyager Technologies is a holding in The Private Shares Fund as of 2/28/25. To view the full portfolio and learn more about The Private Shares Fund, please visit https://lnkd.in/gTeAzvq8 #defensetechnology #goldendome #spaceanddefense https://lnkd.in/grndrtUR

Betterment announced its acquisition of Ellevest’s automated investing business. "This acquisition further cements our leadership in the digital investing space. We look forward to welcoming Ellevest's clients to Betterment and to continuing to support them on their wealth-building journeys," said Sarah Levy, Betterment CEO, in a press release. Betterment currently serves over 900,000 customers in the U.S., and last acquired Goldman Sachs' Marcus Invest accounts in 2024. Read more in the press release, linked below. Betterment is a holding in The Private Shares Fund as of 12/31/24. To view the full portfolio and learn more about The Private Shares Fund, please visit https://lnkd.in/gTeAzvq8 #FinTech #M&A #investing https://lnkd.in/exfY_23s

xAI released its latest AI model, Grok 3, with potentially 10x the computing power than its predecessor Grok 2. The AI model has been trained using xAI’s data center in Memphis, TN which contains roughly 200,000 GPUs. Learn more about Grok 3 and xAI, in the article linked below. xAI is a holding in The Private Shares Fund as of 12/31/24. To view the full portfolio and learn more about The Private Shares Fund, please visit https://lnkd.in/gTeAzvq8 GPU: Graphics Processing Unit API: Application Programming Interface AIME: American Invitational Mathematics Examination GPQA: Graduate-Level Google-Proof Q&A Benchmark #AI #AImodel #LLM https://lnkd.in/gVhAN5gX

Enterprise software company, Motive, has been ranked by G2, a peer-to-peer review site, #1 for the “best supply chain and logistics software products.” The company also ranked in several of G2’s other categories including the “Top 100 Best Software Companies for 2025,” an achievement earned by less than 1% of 150,000 global software companies. To learn more about Motive and G2, read the full update linked below. For G2 research scoring methodologies, please visit https://lnkd.in/eBCjMYrA Motive is a holding in The Private Shares Fund as of 12/31/24. To view the full portfolio and learn more about The Private Shares Fund, please visit https://lnkd.in/gTeAzvq8 SMB: Small and medium-sized businesses IFTA: International Fuel Tax Agreement https://lnkd.in/eTg8m9rn