Stableton Morningstar PitchBook Unicorn 20 AMC

Note: GenTwo is a platform provider for structured products. This information is intended for professional investors only.

What is this product?

An actively managed certificate giving investors exposure to the top 20 private, venture-backed unicorns in developed markets by market capitalization with a relatively liquid secondary market. Investors hold the exposure through a structured certificate rather than direct ownership of private equity stakes.

How does it work?

The certificate holds exposure via a reference portfolio managed by Stableton Financial AG in those private technology companies. The strategy invests directly and indirectly in these companies, primarily via secondary transactions. The portfolio’s value is calculated daily, reflecting the mark-to-market value of all holdings converted to USD. As an open-ended structure with no fixed maturity, investors can enter on a weekly basis and can exit via an exercise option on a weekly basis, subject to limitations defined in the termsheet and prospectus. When redeeming, investors receive a USD payment reflecting the prevailing Strategy-Level rather than any transfer of the underlying private equity positions themselves.

What is the underlying asset?

The Stableton Morningstar PitchBook Unicorn 20 strategy is a unique, open-ended, semi-liquid investment product. It targets the Top 20 private, venture-backed unicorns in developed markets by market capitalization with a relatively liquid secondary market for their private company shares.  

The portfolio invests directly and indirectly in these companies via secondary market transactions. Morningstar data guides its allocation, which follows a systematic and transparent approach. This strategy was not available before and is the world's first-of-its-kind offering. This is possible because of the growing market for shares in the top private unicorns. For the first time, product investors can benefit from these fast-growing companies. They can also capitalize on new megatrends that these companies create.  

Investors may consider including the Stableton Morningstar PitchBook Unicorn 20 AMC in their strategic asset allocation to replace some public market equity exposure or private market allocations. Furthermore, the strategy allows investors to tactically enter the growth equity / pre-IPO segment or build first allocations in private markets with this easier-to-understand product.

Who is behind it?

Stableton Financial AG, headquartered in Switzerland and licensed as a portfolio manager under the Swiss Financial Institutions Act (FINIA), acts as Strategy Manager, responsible for implementing and managing the investment strategy. The certificate is issued by Disruptive Issuance PCC Limited, a Guernsey-incorporated protected cell company. ISP Securities AG, Switzerland, serves as custodian, paying agent, and authorized offeror. GenTwo AG provides the securitization infrastructure.

What kind of instrument is this?

An Actively Managed Certificate (AMC) is a structured product where the issuer actively selects, adjusts, and rebalances the underlying assets based on market conditions and strategy. Investors gain exposure to this managed portfolio through a certificate rather than owning the underlying assets directly. 

How can I create my own product?

To learn more about GenTwo's securitization platform simply book a call.