Business
SoFi Expands Access to Alts through New Partnership with Templum: Cosmos Fund, with Sole Exposure to SpaceX, Pomona Investment Fund, and StepStone Private Markets Fund
Company Expands Access to Include Three New Funds in Response to Increasing Interest in Alternative Asset Classes from Retail Investors, Broadening Private
About this update from Sofi Technologies, Inc.
[{"type":"text","content":"\nCompany Expands Access to Include Three New Funds in Response to Increasing Interest in Alternative Asset Classes from Retail Investors, Broadening Private Market Exposure\n\n\n SAN FRANCISCO--(BUSINESS WIRE)--\nToday, SoFi (SOFI), a member-centric, one-stop shop for digital financial services that helps members borrow, save, spend, invest and protect their money, announced access to three new private market funds through a relationship with Templum, which operates Templum One, a purpose-built platform for seamlessly accessing and transacting in private alternatives: The Cosmos Fund (with sole exposure to SpaceX) along with two additional private equity funds Pomona Investment Fund, and StepStone Private Markets Fund.\n\n\nIn a recent survey of five thousand retail investors, SoFi found that more than 87% of investors have an interest in investing in privately held companies. And when asked to review a list of the top 10 most valuable privately held companies, Open AI, SpaceX, and Epic Games ranked as the top three1, validating an increasing interest across a broad investor audience.\n\n\n“Historically, the retail investor community has had few opportunities to invest in privately held companies, but we firmly believe in broadening access to potentially valuable opportunities,” said Anthony Noto, CEO of SoFi. “Today marks yet another milestone on our path to helping SoFi members achieve financial independence by giving them an opportunity to invest in some of today’s most sought after privately held companies.”\n\n\n“These private alternative asset offerings represent an exciting step in our partnership with SoFi, enabling their members to access a broader range of investment strategies,” said Chris Pallotta, CEO and Founder of Templum. “Templum’s technology, compliance-focused framework, and deep expertise in alternatives enable us to bring some of the most sought-after private investments to a new generation of investors.\"\n\n\nToday’s news marks the latest innovation SoFi has taken to empower its members with expanded access to diverse investment opportunities, including: its early 2024 launch of alternative funds on the SoFi Invest platform, a new SoFi Robo Investing offering – announced last month – and now, an expanded selection of alternative funds.\n\n\nSoFi Invest members who are interested in learning more about acc...