In CNBC, Chelsea Childs Comments on Retail Investors Accessing Private Markets

DXYZ, a new fund designed to give retail investors access to private companies, has seen huge demand in its first few weeks.

Asset management partner Chelsea Childs told CNBC that “it is a really great example of the investor demand for retail investors to be able to access private markets through an investment vehicle they’re eligible for.”

ETFs and mutual funds allow creations and redemptions, which helps to close the gap with any premium or discount, but this can be challenging with closed-end funds.

While funds like Destiny have a board of directors and a fund sponsor, which have a duty to consider actions that would be in the best interest of shareholders, “there’s not a strict rule” about what actions need to be taken, Chelsea said.