Robinhood Opens Private Markets to 150,000 Retail Investors

Robinhood ’s first fund designed to expand retail investors’ access to private markets has drawn 150,000 retail investors, Robinhood CEO Vlad Tenev said Tuesday (May 5). Speaking at The Wall Street Journal’s Future of Everything event, Tenev said Robinhood took its Ventures Fund I public as a public closed-end fund listed on the New York Stock Exchange. “You can think of it as like a publicly traded venture capital firm with daily liquidity, no accreditation requirements, and no carry — so just