Jun 10, 2022 - Economy

Cathie Wood's venture capital ambitions

Dan Primack

Kathie Wood. Photo by Marco Bello/Getty Images.

Cathie Wood confirmed this week that ARK Invest is raising a crossover fund that will invest in both private and public tech companies, adding that ARK is the "closest to a venture capital fund in the public equity markets."

Why it matters: This is the part of the cycle when tourists usually rush out, not rush in.

Elsewhere: Longtime crossover investor Coatue is raising $2 billion for a fund that will focus on structured equity rounds for private and public companies, as alternatives to down rounds for the private ones.

The bottom line: Wood has some VC disposition, in terms of long-term strategy, but she also has miserable returns as of late. ARK's flagship fund is down more than 55% in 2022, and around 62% over the past 12 months.

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Cathie Wood's venture capital ambitions

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