Cashmere, Apex Partner on Evergreen Fund for High-Growth Venture Strategies

The Cashmere Fund, a venture capital interval fund designed for retail and institutional investors, announced a strategic collaboration with Apex Clearing Corporation, a wholly owned subsidiary of Apex Fintech Solutions Inc.

As an evergreen fund, Cashmere accepts new capital on a daily basis with a minimum investment of $500. Since inception, the Fund has made over 35 investments in companies with a focus on high growth in the consumer goods, consumer technology, financial technology, health technology, and software sectors. The Fund is set to be offered in early 2025, with more distribution alliances planned later this year.

“We are bringing venture capital to retail investors through our highly accessible fund structure, and this alliance will allow the Fund to reach even more investors, scaling its assets to further support more ambitious companies and entrepreneurs,” said Elia Infascelli, partner and CEO of The Cashmere Fund.

The Fund primarily invests in early and growth stage companies, as well as growth stage secondaries, offering liquidity through semi-annual redemption windows and annual distributions.

LEd by portfolio managers Infascelli and Mary Owen, and partners Josh Feine, Bruce Popko and Ari Schottenstein, the Fund was launched in 2022 by Sweater Ventures and currently has over 5,000 investors.

In 2024, Forma Cashmere, LLC, an affiliate of venture investor Forma Capital and a registered investment advisor, was named as sub-advisor for the Fund and assumed fundraising, marketing, and capital deployment responsibilities. Sweater continues to oversee investor relations, compliance and asset valuation functions.