Robinhood Plans to Launch Closed-End Fund for Retail

Core Insights - Robinhood Markets Inc. is launching a closed-end fund aimed at providing US retail investors with access to private companies [1] Company Summary - The new fund will allow retail investors to invest in private companies, which have traditionally been accessible mainly to institutional investors [1] Industry Context - This initiative reflects a growing trend in the financial industry to democratize access to investment opportunities, particularly in private markets [1]