Accuidity will track the new Forge index, providing investors with access to institutionally managed strategy of dozens of venture-backed late-stage private companies
BOSTON – April 2, 2024 –
Accuidity LLC (“Accuidity”), an institutional private market index fund and asset management leader, is thrilled to announce the launch of its partnership with Forge Global Holdings, Inc. (“Forge”) (NYSE: FRGE), a leader in private market infrastructure, data services, and technology solutions. This collaboration combines the innovative Forge Accuidity Private Market Index and Accuidity’s Megacorn Strategy, offering investors unparalleled access
to a diverse portfolio of late-stage, venture-backed private companies.
Accuidity, at the forefront of unlocking the potential of private markets for investors, has partnered with Forge on the creation of the Forge Accuidity Private Market Index. This new index will be the benchmark of Accuidity’s Megacorn Strategy, employing an efficient approach to investing in late-stage private companies. The Forge Accuidity Private Market Index will track 60 of the most promising venture-backed, late-stage private growth companies, including leaders like SpaceX, Anduril, Scale AI, Epic Games, Chime, and more, utilizes a modified capitalization weighting methodology. The index will rebalance annually to maintain diversified exposure to private markets.
“At Accuidity, we view index investing as a catalyst for greater private market access and participation,” said Accuidity Founder and Co-President Vince Gubitosi. “We’re excited about this new index and the potential benefits for our investors in leveraging Forge’s proprietary private market data offerings and trading DNA.”
Accuidity is led by Vince Gubitosi and co-founder Mark DeNatale, who each contribute 25+ years of asset management experience to Accuidity, which they founded in 2021 to provide investors with index-based access to the private markets. As President of Geode Capital Management, Gubitosi led the development and launch of $750 billion of index funds in partnership with Fidelity Investments. At Goldman Sachs, DeNatale supported the creation of
the first tradable index of leveraged loan derivatives.
“We believe index investing supports vibrant capital markets, providing investors with diversified, cost-effective, and simplified access to venture-backed, private company growth,” said Kelly Rodriguez, CEO of Forge Global. “We expect our partnership with Accuidity to increase the market reach of our product offerings, creating significant benefits for private market participants.”
Through this partnership, eligible investors also gain access to the Accuidity Megacorn Strategy via the Forge platform, leveraging both Forge’s unparalleled market data and Accuidity’s institutional asset management experience. This collaboration marks a significant milestone in democratizing access to high-growth private markets, promising a future where sophisticated investment strategies are within reach for a broader category of investors.
About Accuidity
Accuidity was formed with a vision to bring ACCESS, LIQUIDITY, and TRANSPARENCY to private market investing via a suite of institutional index funds. The firm was founded by Vince Gubitosi and Mark DeNatale, executives with 50+ years of combined institutional experience across both the public and private markets.
About Forge
Forge is a leading provider of marketplace infrastructure, data services and technology solutions for private market participants. Forge Securities is a registered broker-dealer and a Member of FINRA that operates an alternative trading system.
For Media Inquiries:
Please contact info@accuidity.com