Robinhood Launches Fund for Private Company Access

(Bloomberg) -- Robinhood Markets Inc. is launching a closed-end fund to give US retail investors exposure to private companies.The retail-trading platform said it filed an initial registration statement with the Securities and Exchange Commission, beginning the process to offer public shares of the fund, dubbed Robinhood Ventures Fund I, according to a statement Monday.With many companies staying private for longer and valuations skyrocketing, retail investors have largely been stuck on the sidelines with f ...