ABS Global Investments launches $100M pre IPO interval fund

ABS Global Investments has announced the launch of a new Pre‑IPO & Growth Fund, securing $100 million in initial capital commitments for an interval fund designed to give a broader range of investors exposure to late‑stage private companies nearing liquidity events. The offering combines access to high‑growth, pre‑public companies with periodic liquidity options for eligible investors, according to Pitchbook.

Accessing private markets through an interval fund

The newly launched interval fund structured to allow investors to participate in private late‑stage growth companies, often referred to as “unicorns,” that are expected to approach public‑market debuts or other liquidity events. It expands ABS’s existing suite of private market solutions and is intended to balance access with liquidity through a combination of daily purchases and quarterly repurchase opportunities.

ABS Global Investments, a firm managing around $11 billion in assets, has built a global network of over 3,000 active managers and partnerships across various investment strategies. This network is expected to serve as a source of deal flow for the new fund, helping it identify and invest in late‑stage companies across sectors such as software, artificial intelligence, data infrastructure, semiconductors, and defense technology.

Unlike traditional venture funds, interval funds are offered continuously at net asset value (NAV) and do not trade on secondary markets. Investors can purchase shares daily, while redemptions are offered quarterly, subject to conditions outlined in the fund’s prospectus. This structure aims to provide a balance between long‑term private market exposure and some liquidity, making it potentially attractive to sophisticated individual and institutional investors alike.

Pre‑IPO focus and investment strategy

The Pre‑IPO & Growth Fund is targeted at investors seeking exposure to private companies that are nearing significant milestones, such as an IPO or acquisition, without requiring them to qualify for institutional‑only private placements. According to ABS, the number of “unicorns,” or venture‑backed private companies valued at over $1 billion, has expanded markedly in recent years, reflecting broader value creation in private markets.

Through its global partner ecosystem, ABS aims to select high‑growth companies that may be preparing for their own public listings or corporate exits within a 12‑ to 36‑month horizon, though actual timing will depend on market conditions and company performance. The fund’s strategy seeks to generate long‑term capital appreciation by investing primarily in equity or equity‑like securities of these companies.

Founding partner Laurence Russian noted that the interval fund structure is well suited to the evolving private wealth landscape, offering a way for financial advisers, high‑net‑worth individuals, and institutional clients to access late‑stage private opportunities that were historically limited to larger private equity or venture capital players.

Interval funds and trends in private markets

The launch of the Pre‑IPO & Growth Fund comes amid a sustained shift of capital toward private markets, where companies are staying private longer and often achieving high valuations before their public debuts. This trend has created opportunities for new investment vehicles that aim to bridge the gap between traditional public and private investment strategies.

Interval funds have become an increasingly common choice for investors who want private market exposure but still need structured liquidity options. Unlike typical closed‑end funds, whose shares trade on exchanges, interval funds offer managed liquidity through periodic repurchase offers, which can help meet certain investor preferences for access without locking up capital indefinitely.

By structuring the Pre‑IPO & Growth Fund as an interval fund and leveraging its established sourcing network, ABS Global Investments is seeking to carve out a niche that combines institutional‑quality access to private growth companies with broader investor participation. The strategy reflects a broader effort within the asset management industry to democratize access to late‑stage private markets.

ABS Global Investments’ launch of a $100 million Pre‑IPO & Growth Fund marks a notable expansion of its private markets platform, opening up access to late‑stage opportunities for a wider investor base. With a focus on companies poised for liquidity events and a structure that balances access and periodic liquidity, the fund reflects evolving investor demand for exposure to high‑growth private companies before they reach public markets