GoalVest Advisory Launches $50M Venture Growth Fund for RIAs

GoalVest Advisory, a female-founded registered investment advisor (RIA), has launched its Venture Growth Fund, which provides high-net-worth individuals and RIAs with late-stage venture capital investment opportunities.

The closed-end fund, which NYC-based GoalVest plans to raise $50 million “with a limited number of investment slots available,” has a two- to four-year investment horizon, as opposed to early-stage venture capital, which often entails higher risk and lengthier investment timeframes.

“The timing is ideal for these types of investments given the depressed valuations we are seeing in the private markets right now,” said Blair Cohen, CIO of the Venture Growth Fund.

The fund will focus on mid-to-late-stage venture-backed companies, consistent with the company’s existing strategy of multi-channel deal sourcing. The portfolio will be diversified across artificial intelligence, software as a service (SaaS), climate technology, defense, fintech, and consumer sectors. GoalVest has made investments in OLIPOP, CoreWeave, Anduril, Insomnia Cookies, and Klarna.

“Almost 90% of US companies are private, so giving clients the ability to invest in venture capital has been an effective way to capture growth and, we believe, has differentiated us from our RIA peers,” said Sevasti Balafas, founder and CEO of GoalVest Advisory.

The fund has a minimum investment threshold of $250,000, a shorter lock-up period and a de-risked portfolio.