Insights

A $5.8T* Market, Mostly Out of Reach.

For decades, everyday investors gained access to fast-growing tech companies after they went public. However, over the past decade, it appears that private-tech companies have remained private longer than before. Meanwhile, the private markets have grown into an estimated $5.8T* market, with 80–90% of U.S. households effectively shut out altogether and unable to access private-market investing by accreditation rules, high minimums, and closed networks reserved for the few.

Until now. Powerlaw Corp. (Nasdaq: PWRL) offers curated exposure to a portfolio of pre-IPO private tech leaders in one Nasdaq-listed fund.

At PWRL, we believe everyone should have access to invest in industry defining and high growth private companies. Our mission is to put the world's most transformative companies within reach of every investor, not just the privileged few.

The result is a single, Nasdaq-listed stock offering exposure of a portfolio of high-growth private technology companies that we believe are defining this era, paired with the liquidity, reporting, and oversight investors expect from the public markets.

*as of 3/31, Pitchbook-NVCA Q1 2026 Venture Monitor. Market size figure is an estimate as of 3/31 and is subject to change; it reflects the broader private technology market, not the assets or holdings of the Fund. Portfolio holdings are subject to change and should not be considered investment advice. Investors should consider Powerlaw's investment objectives, risks, charges, and expenses carefully before investing. Powerlaw's prospectus, filed with the SEC, contains this information and should be read carefully. A copy is at PWRL.com. The foregoing does not constitute an offer to sell nor a solicitation of an offer to buy shares of Powerlaw, which offering may only be made by means of such prospectus. There's no guarantee an active trading market will be maintained. Shares may trade at a premium or a discount to net asset value. Investing involves risk, including possible loss of principal. There is no assurance the Fund will achieve its objective. Forward-looking statements are not guarantees.

Frequently Asked Questions

We want to bring as much transparency as possible to accessing private market investing. If you're not finding the answers you're looking for, contact us at Info@PWRL.com.

Powerlaw Corp. (Nasdaq: PWRL) is a listed closed-end fund registered under the Investment Company Act of 1940, offering exposure to leading private technology companies through a single Nasdaq-listed security. It provides daily liquidity, monthly NAV reporting and quarterly portfolio disclosure.

PWRL includes exposure to SpaceX, OpenAI, Kalshi, Databricks, Stripe, Shield AI, Deel, Kraken, Vast Data, Tether, Colossal Biosciences, Mercor, Perplexity, Canva, Rippling, Saronic, Figma and Waymo, all in one Nasdaq-listed stock, as of June 30, 2026. Portfolio holdings are disclosed quarterly, while NAV is reported monthly.

Powerlaw Corp. (Nasdaq: PWRL) is the first product of Powerlaw Capital Group and advised by Powerlaw Fund Adviser, LLC. The firm is backed by Akkadian Ventures' 16-year heritage in private-company secondary markets.

Portfolio holdings are carried at fair value, determined under the Fund's valuation policies with input from independent valuation sources. Inputs include recent primary financings, secondary market transactions and comparable-company multiples.

In an IPO, the Fund's position converts to listed equity, generally subject to a customary lock-up. In a sale, the Fund receives cash, stock, or a mix of consideration. Proceeds are reflected in NAV and may be available for reinvestment or distributions.

No. Shareholders own PWRL; the Fund owns the underlying private positions. Buying PWRL provides economic exposure to the portfolio through a single security listed on NASDAQ.

Powerlaw Corp. publishes monthly NAV and NAV per share, with quarterly portfolio disclosures. All filings are available on PWRL.com and through the SEC's EDGAR system.

Investing in PWRL involves a number of significant risks. Before you invest in PWRL, you should be aware of various risks associated with the investment, including those described in our prospectus. The prospectus contains this and other information about the Fund and is available free of charge at www.PWRL.com. You should carefully consider these risk factors, together with all of the other information included in the prospectus, before you decide whether to make an investment in PWRL.