Private Markets
What regulated funds actually carry private companies at, the public routes into them, and a track record that publishes win or lose. Every number links to the SEC filing it came from.
Private Company Marks
What 44 private companies are actually worth, according to the funds that own them. Every figure links to an SEC filing.
44 companies
Private Exposure Map
Every public route into OpenAI, Anthropic, Databricks and others — sized in dollars per $10,000 invested, with the filing sentence behind each figure.
4 proxies · 11 funds
Mark Accuracy Test
On the companies that went on to list, how wrong were the funds? Every case shown, including the ones that make the dataset look bad.
Win-or-lose scorecard
Pre-IPO & IPO Course
Seven free lessons that teach the whole method — how to read a fund's mark, how wrong they tend to be, the public routes, and lock-up expiries.
7 free lessons
Top private companies by value held
| Company | Median Mark | Funds | Value Held | Quarter |
|---|---|---|---|---|
| Anthropic | $589.01 | 16 | $1.62B | 2026-Q3 |
| Databricks | $240.71 | 15 | $1.44B | 2026-Q3 |
| OpenAI | $687.69 | 14 | $697.4M | 2026-Q3 |
| Fanatics Inc | $98.04 | 4 | $543.4M | 2026-Q3 |
| Anduril | $68.95 | 7 | $297.2M | 2026-Q3 |
| Stripe Global Holdings Inc | $65.98 | 4 | $240.5M | 2026-Q3 |
| Waymo LLC | $167.60 | 7 | $231.3M | 2026-Q3 |
| Figure AI Inc | $194.86 | 4 | $231.1M | 2026-Q3 |
| ByteDance Ltd | $349.43 | 3 | $201.1M | 2026-Q3 |
| Revolut Ltd | $1,922 | 3 | $198.4M | 2026-Q3 |
| Bending Spoons Spa | $68.51 | 3 | $191.7M | 2026-Q2 |
| SB Technology | $36.04 | 4 | $174.7M | 2026-Q3 |
| X.AI Inc | $75.46 | 4 | $152.9M | 2026-Q1 |
| Canva | $1,385 | 8 | $149.1M | 2026-Q3 |
| GrubMarket Inc | $26.92 | 3 | $140.2M | 2026-Q2 |