Unicorn Top 20
Invest in tech leaders before they go public
Get exposure to Anthropic, Canva, Databricks and more, all in one portfolio.
- 20 of the most valuable late-stage private tech companies
- Rules-based index: always know what you own
- No multi-year lock-ins
Access the high-growth potential of tech unicorns
Privately held tech companies are often valued at US$1+ billion. With more of them staying private longer, there's more wealth to capture than ever.
- Late-stage unicorns already generate revenue, operate at a global scale, and are often preparing for IPO or acquisition.
- On average, Unicorn Top 20 companies forecast 32.5% revenue growth in 2026. That's 3.8x more than the Nasdaq-100*.
Growth of global unicorns
Number of unicorns
Aggregate post-money valuation $bn
Source: Stableton, Morningstar, FordelHoldings
OpenAI
databricks
ANTHROP\C
perplexity
deel.
RIPPLING
FIGURE
ANDURIL
EPIC GAMES
ripple
ramp
Canva
Applied Intuition
kraken
The 20 largest unicorns in one rules-based index
Unicorn Top 20 follows a Morningstar index, built using clear selection criteria:
- The index is equally weighted and rebalanced regularly to avoid concentration risk in a handful of high-profile names
- It's methodology and constituents are transparent, unlike typical private equity offerings
Access Unicorn Top 20 with FordelHoldings
Earn right away
- Your semi-liquid portfolio is deployed upon subscription.
- No waiting for capital calls or ramp-up periods.
Flexible access
- No multi-year lock-ups.
- Benefit from regular liquidity, unlike traditional private equity and venture capital funds.
Know what you own
- Built on a public, rules-based index by Morningstar.
- Get diversified exposure to 20 of the most valuable private technology companies.
Ready to explore Unicorn Top 20?
Before you invest, consider:
- 1. This strategy is for Professional Clients only. Unicorn Top 20 invests in private companies that are not listed publicly and are subject to significant risks and limited liquidity.
- 2. Your risk tolerance. Private markets are not like public markets. They may be difficult to value, subject to longer holding periods, and carry the risk of loss. These companies may not go public, and exits may take years, if they happen at all.
The cherry on top: Wealth Advisory
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Frequently Asked Questions
Unicorn Top 20
About Professional Clients (PC)
What is a unicorn company?
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A unicorn is a privately held startup company with a current valuation of US$1 billion or more. These companies are typically in the technology sector and have shown significant growth potential.
How is investing in unicorns different from public equities?
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Unlike public equities traded on stock exchanges, unicorns are private companies. Investing in them traditionally required high capital and was reserved for institutional investors. FordelHoldings's Unicorn Top 20 provides a more accessible way to gain exposure to these high-growth assets.
What is the Morningstar PitchBook Unicorn 20 Index?
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It is a rules-based index designed to track the performance of the 20 largest private unicorn companies. The index provides a transparent and diversified way to gain exposure to the late-stage private tech market.
How do I start investing in Unicorn Top 20?
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You can start by verifying your Professional Client status in the FordelHoldings app. Once verified, you can allocate funds to the Unicorn Top 20 portfolio and start your investment journey.