IPO - Destiny Tech100 Inc.
Form Type: N-2/A
Filing Date: 2025-07-10
Corporate Action: Ipo
Type: New
Accession Number: 000157587225000447
Filing Summary: Destiny Tech100 Inc. filed a registration statement for a proposed public offering of its common stock, intending to raise up to $1,000,000,000. This prospectus outlines the company’s plan to invest in 100 top venture-backed technology companies with a focus on maximizing total returns primarily through capital gains. It reflects the company's shift to qualifying as a regulated investment company under U.S. tax laws. The company details its investment strategies, which include investing at least 80% of its assets in technology sector equities, using special purpose vehicles for investment, and the potential acquisition of private equity investments. The document outlines various risks associated with investment, the management structure, and regulatory compliance requirements. The proposed effective date for the offering is as soon as practicable after the effective date of the registration statement.
Additional details:
Investment Objective: to maximize our portfolio’s total return, principally by seeking capital gains on our equity and equity-related investments
Maximum Offering Amount: $1,000,000,000
Last Reported Sales Price: $39.35
Net Asset Value Per Share: $6.31
Investment Strategy: leverage the Adviser’s extensive network of relationships to source and evaluate investments
Management Fee: 2.50% of average gross assets
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