Witz Ventures Launches New SPV on Republic Featuring The Cashmere Fund and Access to xAI, SpaceX, and Perplexity
NEW YORK, October 23, 2025–(BUSINESS WIRE)–The Cashmere Fund announced that its diversified early-stage portfolio has been selected as a component of a new Special Purpose Vehicle (SPV) launched on Republic by Witz Ventures, curated by investor and financial creator Austin Hankwitz and his business partner Christian Blackwell. The SPV provides investors access to both emerging startups and late-stage category leaders, including xAI, SpaceX, and Perplexity.
The offering reflects a broader shift toward democratizing private market access, combining investments across the full venture life cycle—from Pre-Seed to Pre-IPO—within a single, accessible structure.
For decades, access to high-growth private companies has been limited to institutional venture capital firms and ultra-high-net-worth investors. This new SPV aims to change that by opening diversified exposure to accredited retail investors across the same Pre-Seed to Pre-IPO spectrum through one streamlined investment vehicle.
Barbell Portfolio for the Modern Investor
The Witz Ventures Multi-Asset SPV follows a barbell strategy, allocating investor capital evenly between early- and late-stage opportunities.
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50% Late-Stage Allocations: xAI, SpaceX, and Perplexity (~17% each): three frontier companies defining the next era of artificial intelligence, aerospace, and search technology.
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50% Early-Stage Diversification: exposure through The Cashmere Fund, an interval fund with 38 portfolio companies spanning technology and consumer sectors, including high-growth brands such as Graza, MrBeast’s Beast Industries, and De Soi by Katy Perry.
This balanced structure provides investors with the upside potential of early innovation while maintaining exposure to the durability and momentum of mature, category-defining private companies. Historically, this type of blended access has been limited to top-tier venture funds managing billions in assets.
Expanding Access to Private Markets
Venture capital remains one of the best-performing asset classes, but it has also been one of the least accessible. The Witz Ventures Multi-Asset SPV expands that access by using Republic’s digital investment platform to enable accredited investors to participate with lower minimums and simplified onboarding.
For The Cashmere Fund, inclusion in the SPV highlights the growing demand for professionally managed early-stage exposure within broader alternative investment vehicles. Cashmere’s evergreen fund structure and transparent valuation methodology make it an ideal foundation for investors seeking diversified participation in the private markets.
