Abraham: Closed-end funds are a flawed instrument for retail private access
Leif Abraham · The AI Brokerage Quietly Taking on Schwab, Fidelity & Vanguard · Sourcery with Molly O'Shea · Apr 17, 2026 · at 55:36
Leif Abraham, Co-CEO of brokerage platform Public, evaluates attempts to use publicly traded closed-end funds (like VCX) to provide retail investors access to private venture assets.
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“We haven't found the instrument yet to really open up, you know, like private companies to retail investors. And so if close-time fund is the best thing we got going so far, okay, there's some exposure there that people can take advantage of, but I still think it's a very flawed instrument.”
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