Back to Primers
Pending CCO Approval
KPC PRIVATE FUNDS
Smart Investments, Made Simple™
Product 1-Pager
KPC Pre-IPO Equity
Pre-IPO access
was the easy part.
was the easy part.
Everything that comes after — custody, valuation, reporting, compliance, administration — is what KPC built for the independent advisor channel.
Who We Are
Kelly Park Investment LLC (KPC) is an SEC-registered investment adviser focused exclusively on providing financial advisors and their clients access to institutionally structured private-market opportunities — built around the operational, compliance and reporting realities of the independent RIA channel.
Standard Terms
Target Term3 Years
Mgmt Fee1.00% p.a.
Carried Interest10% of profits
Share PricingNo markup on underlying shares
KPC Private Funds | 1185 Avenue of the Americas, 3rd Floor, New York NY 10036 | Info@kellyparkcapital.com
1 / 3
The Bigger Value Proposition
Beyond access — the infrastructure advisors actually need.
Access to pre-IPO companies has become increasingly commoditized. The real challenge for independent advisors is everything after access — custody, valuation, reporting, compliance, diligence, administration and portfolio construction. KPC was built to solve all of it.
Operational Friction, Removed
Subscription docs, signature chasing, capital calls, transfer paperwork — converted into a streamlined, digital, custodian-integrated workflow.
Custody & Household Reporting
Positions appear on major custodial platforms — visible at Schwab, Fidelity, Pershing — so pre-IPO sits alongside the rest of the household.
Independent Valuation
Annual third-party valuations consistent with fair-value accounting, plus an annual audit by a PCAOB-registered firm.
Fiduciary-Grade Framework
Accreditation, suitability, record retention, performance reporting and diligence support — built for RIA compliance teams.
Advisor-Friendly Minimums
Lower and flexible minimums provides for easier access and meaningful diversification across single-name private positions.
Institutional Purchasing Power
Pooled scale yields better economics, information rights, legal review and execution than a one-off SPV.
Institutional Due Diligence
Cap tables, liquidation preferences, share-class distinctions, legal provenance, transfer restrictions — evaluated by a dedicated team and external counsel.
Portfolio Construction Resources
Helping advisors evaluate where pre-IPO investments may fit within a broader private-markets allocation.
Liquidity Lifecycle Tracking
Monitoring lockups, tender offers, secondary windows, IPO events and corporate actions — KPC becomes the source of truth.
Client Communication Built-In
Reporting infrastructure that gives advisors documented reporting on 'what is it worth, and what has changed?'
The KPC Position
"The challenge in pre-IPO investing isn't access.
It's everything that comes after."
It's everything that comes after."
KPC Private Funds | 1185 Avenue of the Americas, 3rd Floor, New York NY 10036 | Info@kellyparkcapital.com
2 / 3
Platform & Process
PRISM — and how a KPC pre-IPO offering works.
Proprietary Technology
PRISM
KPC's research, investment and reporting platform. PRISM learns from every transaction the firm participates in, supports diligence and screening, and gives advisors a single pane of glass into their clients' private holdings — from subscription through liquidity.
Learn
Cap-table & pricing intelligence across the secondary market.
Invest
Diligence, structuring and aggregated execution.
Track
Lifecycle monitoring, valuation and household reporting.
Term, Extension & Liquidity
- 3-year target term.* KPC seeks an IPO or liquidity event prior; absent one, KPC will pursue a secondary-market sale at term.
- One-year extension available at investor discretion, with financial advisors voting by proxy (built into the docs).
- Distribution in kind offered where the structure permits — shares delivered directly to the client account.
How an Offering Comes Together
1
Sourcing
Secondary-market focused; later-stage companies with meaningful market recognition.
2
Pricing
Negotiated acquisition price. KPC does not apply a markup or spread to the underlying share purchase price.
3
Structure
Direct ownership and cap-table participation where practical; otherwise institutional SPV.
4
Administration
Independent third-party fund administrator; annual PCAOB audit; annual third-party valuation.
5
Cadence
Typically 15–45 days from announcement to executed docs; 30–60 days to funding.
6
Capacity
Capacity constrained or oversubscribed opportunities are generally made in order of commitments. Existing commitments not diluted to accommodate later investors.
7
Reporting
Account statements, performance and capital balances; visible on major custodial platforms.
Important Disclosures
This material is provided for informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, any security. Any such offering will be made only by means of definitive offering documents, which contain a description of the material terms, including risks, fees and conflicts of interest. Opportunities described herein are available only to eligible investors meeting applicable Accredited Investor, Qualified Client, or Qualified Purchaser standards, as applicable. Private investments are speculative, illiquid, involve a high degree of risk and may result in the loss of all or substantially all invested capital. There is no secondary market for these interests and none is expected to develop. Terms — including management fees, carried interest, minimum investment, expected hold period and extension provisions — vary by offering and are established on a deal-by-deal basis. *Target terms are estimates only and may be longer or shorter than anticipated. The expected three-year term and one-year extension described herein represent current standard terms and may differ for any particular transaction. KPC does not guarantee any return or the occurrence of a liquidity event. Kelly Park Investment LLC is registered with the U.S. Securities and Exchange Commission as an investment adviser; registration does not imply any level of skill or training. Smart Investments, Made Simple™ is a trademark of Kelly Park Investment LLC. © 2026 Kelly Park Investment LLC. All rights reserved.
KPC Private Funds | 1185 Avenue of the Americas, 3rd Floor, New York NY 10036 | Info@kellyparkcapital.com
3 / 3