HOOD Brings Private Equity Closer to Retail Investors With RVI Launch

Key Takeaways HOOD will launch RVI, a NYSE-listed closed-end fund investing in late-stage private firms.RVI shares will be offered at $25 via Robinhood's IPO process, with no accredited investor requirement.The fund is expected to drive fee revenues, AUM growth and user engagement amid slower trading.In order to make private markets accessible to everyday investors, Robinhood Markets, Inc. (HOOD) is set to launch Robinhood Ventures Fund I, which will trade on the NYSE under the ticker RVI. RVI, structured a ...