AG Dillon SpaceX Pre-IPO Stock Fund

Fund Description
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

Investment Thesis

Fund Summary & Terms

Asset Class Venture capital
Strategy SpaceX stock only
Number of Pre-IPO Stocks 1
Portfolio Company Valuations $150b as of Jul 2023
Pre-IPO Stock Access Secondary Shares
Defined Term 5 years
Fees 0.60% management fee*
10% carried interest
*Charged one-time upfront for full 5-year term
Investor Type Accredited investors only
SEC ERA AG Dillon Asset Management LP
(ERA = Exempt Reporting Advisor)
General Partner AG Dillon LLC
Minimum investment $2,500
Number of Closings 1
Capital Contributions 100% called at closing
Investment Period 12 months
Legal Morgan, Lewis & Bockius LLP
Fund Administration Nav Consulting
Institutional Traders Forge Global
Nasdaq Private Markets
Fund Expenses Fund administration by Nav Consulting
Legal expenses by Morgan Lewis
Variable fees for wire and blue sky filing

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