KraneShares Launches Global Private Company Fund Tracking a New MSCI Index of Venture-Backed Firms
New York, NY – July 24, 2025 – Krane Capital Management, LLC (“KraneShares”), a global asset management firm recognized for its innovative investment solutions, today announced the launch of the Krane MSCI All Country Private Company Top 10 Series.
This new offering provides accredited investors with access to a diversified portfolio of large and dynamic venture-backed global private companies, as tracked by the MSCI All Country Venture-Backed Private Company Top 10 Equal Weighted Index.
The Index is a research-driven benchmark identifying some of the most valuable and influential global private companies with secondary market trading activity. As of June 2, 2025, the Index’s constituents collectively represent over $1.5 trillion in market capitalization1, spanning industries such as artificial intelligence, fintech, aerospace, and digital media.
The fund seeks to acquire shares in leading private companies through direct purchases, secondary transactions, or derivative contracts. The portfolio will consist of the ten private companies tracked by the index, which currently are SpaceX, ByteDance, OpenAI, Stripe, xAI, Databricks, Anthropic, Revolut, Anduril, and Canva.
“Our mission at KraneShares is focused on delivering first-to-market, high-conviction strategies that provide investors with transparent and cost-effective access to groundbreaking capital market opportunities like the private markets,” said Jonathan Krane, CEO of KraneShares. “Through their newly launched index, MSCI is applying institutional-class indexing capabilities to identify some of the largest global venture-backed companies with secondary market activity, which we aim to deliver to investors through our fund.
“The MSCI All Country Venture-Backed Private Company Indexes represent a significant step forward for investors seeking transparency and actionable insights in private markets. By leveraging robust secondary market data and our decades of index construction expertise, we are enabling investors to benchmark and analyze this dynamic asset class with greater clarity and confidence,” said Christine Berg, Head of Americas Index at MSCI. “We are thrilled that KraneShares is utilizing our index to provide access to this asset class to investors.”
For more information on the Krane MSCI All Country Private Company Top 10 Vintage 2025 Series 1 Fund, please visit https://kraneshares.com/private-funds/krane-msci-all-country-private-company-top-10-series/.
Fund Structure and Terms
| Fund Legal Name | Krane MSCI All Country Private Company Top 10 Vintage 2025 Series 1 Fund (KC VC 1, LP) |
| Index Provider | MSCI |
| Index | MSCI All Country Venture-Backed Private Company Top 10 Equal Weighted Index |
| Minimum Capital Commitment | $2,500 |
| General Partner | KCM GP, LLC |
| Management Company | Krane Capital Management, LLC |
About KraneShares
Krane Capital Management, LLC is a subsidiary of Krane Funds Advisors, LLC ("KraneShares"), a specialist investment manager focused on China, Climate, and Alternative Assets. KraneShares seeks to provide innovative, high-conviction, and first-to-market strategies based on the firm and its partners' deep investing knowledge. KraneShares identifies and delivers groundbreaking capital market opportunities and believes investors should have cost-effective and transparent tools for attaining exposure to various asset classes. KraneShares was founded in 2013 and serves institutions and financial professionals globally. The firm is a signatory of the United Nations-supported Principles for Responsible Investment (UN PRI).
About MSCI
MSCI is a leading provider of critical decision support tools and services for the global investment community. With over 50 years of expertise in research, data and technology, MSCI powers better investment decisions by enabling clients to understand and analyze key drivers of risk and return and confidently build more effective portfolios. MSCI creates industry-leading research-enhanced solutions that clients use to gain insight into and improve transparency across the investment process. To learn more, please visit www.msci.com.
Citations:
- Data from MSCI as of 6/02/2025.
