Cathie Wood’s new fund gives small investors access to the VC market for just $500

Cathie Wood’s Ark Invest launched a new venture capital fund, targeting individual investors with a minimum investment of just $500.
The actively managed Ark Venture Fund invests in 70% private firms and 30% public companies focused on technologically enabled innovation, and selectively in other venture capital funds, Ark Invest said Tuesday. The fund is available to individual investors initially through investing app Titan, a startup backed by Andreessen Horowitz.
The Ark Venture Fund charges a flat management fee of 2.75%, and does not charge any carried interest or load fees. The total expense ratio of the fund is estimated to be 4.22%, Ark said.
Ark’s flagship Innovation Fund ( $ARK Innovation ETF(ARKK.US)$ ) has been under water all year as Wood’s disruptive darlings have been some of the biggest victims of rising interest rates. ARKK is down 60% this year and off 70% from its 52-week high in November.
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