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The Cashmere Fund (NASD: CSHMX), a venture capital interval fund, announced a strategic collaboration with Apex Clearing (Apex), aimed at expanding retail access to high-growth venture opportunities. This partnership will enable The Cashmere Fund to be offered to clients of an Apex-supported brokerage in early 2025, with additional distribution alliances planned later this year.
Designed for both retail and institutional investors, The Cashmere Fund is the first direct-to-consumer venture capital fund, accepting new capital daily with a minimum investment of $500. Since inception, it has made over 35 investments in sectors like consumer goods, consumer technology, financial technology, health technology, and software.
The Fund offers liquidity through semi-annual redemption windows and annual distributions. Launched in 2022 by Sweater Ventures, it currently has over 5,000 investors. In 2024, Cashmere, an affiliate of Forma Capital, was named sub-advisor, assuming responsibilities for fundraising, marketing, and capital deployment.
This collaboration aims to democratize access to high-potential investment opportunities, empowering retail investors with minimal investment barriers and regular liquidity opportunities.