THE KITTYHAWK NASDAQ TOP 20
A first-of-its-kind, investable private-markets index fund​
The KittyHawk Nasdaq Top 20 is designed to provide systematic exposure to late-stage private companies.
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Built in partnership with Nasdaq and Nasdaq Private Market, the fund combines index discipline with structurally advantaged access to private company liquidity, offering investors a transparent, repeatable way to participate in private-market value creation.
WHY THIS EXISTS
PRIVATE COMPANIES ARE STAYING PRIVATE LONGER
Over the last two decades, many of the world’s most valuable technology companies have remained private well beyond traditional IPO timelines. As a result, a growing share of value creation now occurs before public listing, often inaccessible to most investors.
While demand for exposure has increased, access remains fragmented, opaque, and inefficient.
As companies stay private longer, the hardest part of late-stage private investing is no longer identifying the winners, it’s getting reliable, cost-efficient access to them.
The KittyHawk Nasdaq Top 20 was built to solve that problem, offering investors a structured alternative to discretionary, high-fee strategies by delivering index-style exposure to private-market leaders.
OUR APPROACH
STRUCTURED PRIVATE MARKET EXPOSURE
The KittyHawk Nasdaq Top 20 is designed to offer investors a low-cost institutional grade way to access late-stage private companies.
Key elements of the strategy include:
Vintage-based portfolio construction, defined upfront
Systematic exposure to a concentrated set of leading private companies
Disciplined capital deployment over time to account for liquidity conditions
Institutional infrastructure designed for transparency and scalability
WHY NASDAQ & NASDAQ PRIVATE MARKET
BUILT WITH THE INSTITUTIONS THAT POWER GLOBAL MARKETS
Nasdaq serves as the index calculation agent, bringing decades of experience in index construction, governance, and market infrastructure.
Nasdaq Private Market provides institutional-grade access to private company liquidity, enabling participation in company-approved secondary transactions at scale.
Together, these partnerships allow KittyHawk to operate with a level of access, discipline, and market integration that has historically been unavailable in private market investing. At KittyHawk we’re building institutional-grade access to private markets through long-term alignment with market leaders.
HOW THIS FITS WITHIN KITTYHAWK
AN EXTENSION OF THE KITTYHAWK PLATFORM
KittyHawk has invested in frontier technology companies since 2015, supporting founders from the earliest stages through scale and liquidity.
The Nasdaq Top 20 strategy builds on this foundation, extending our platform into late-stage private markets with a product designed for institutional participation, repeatability, and long-term relevance.
WHO IT’S FOR
DESIGNED FOR SOPHISTICATED INVESTORS
Institutional allocators
Family offices and private wealth platforms
Investors seeking structured private market exposure
Available only to qualified investors. Additional information provided upon request.