AG Dillon SpaceX Pre-IPO Stock Fund
The AG Dillon SpaceX Pre-IPO Stock Fund seeks to pool investor capital to invest into SpaceX preferred or common stock.
The Fund may gain exposure to SpaceX stock by directly purchasing from the company, purchasing from existing shareholders, purchasing a portion or all of one or more legal entities that solely own SpaceX stock (aka SPVs), or derivative contracts (forwards, options).
The Fund will purchase SpaceX stock and hold the stock until a liquidity event occurs; IPO or acquisition. If IPO, SpaceX stock shares will be distributed in-kind (no tax event) to investors as quickly as possible. If acquisition, cash will be distributed to investors as quickly as possible.
SpaceX Fact Sheet + Fund Terms
Fund Summary & Terms
|Asset Class||Venture capital|
|Strategy||SpaceX stock only|
|Number of Pre-IPO Stocks||1|
|Portfolio Company Valuations||$137b as of Feb 2023|
|Pre-IPO Stock Access||Secondary Shares|
|Defined Term||5 years|
0.60% management fee*
10% carried interest
*Charged one-time upfront for full 5-year term
|Investor Type||Accredited investors only|
AG Dillon Asset Management LP
(ERA = Exempt Reporting Advisor)
|General Partner||AG Dillon LLC|
|Number of Closings||1|
|Capital Contributions||100% called at closing|
|Investment Period||12 months|
|Legal||Morgan, Lewis & Bockius LLP|
|Fund Administration||Nav Consulting|
Nasdaq Private Markets
Fund administration by Nav Consulting
Legal expenses by Morgan Lewis
Variable fees for wire and blue sky filing
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