Webull is preparing to add private markets functionality to its retail trading platform by enabling accredited investors to participate in late-stage private company deals through special purpose vehicles, company officials said.
The offering is being developed in partnership with Monark Markets and will feature SPVs sponsored by Monark Capital Management. Webull will rely on Monark's private markets infrastructure to identify, structure and administer the deals, while the Webull app will handle subscription and funding for investors who qualify.
How it will work
Each SPV will be organized to provide exposure to a single late-stage private company. Webull users who meet accredited investor requirements can register interest in particular private firms via the platform. Those expressions of interest will serve as signals for Monark's sourcing process. When Monark identifies sufficient investor interest in a specific company, an SPV will be established and the opportunity will be made available for subscription.
Company documents reviewed in connection with the launch specify that each SPV will be capped at no more than 99 eligible investors.
Statements from leadership
Anthony Denier, Group President and U.S. CEO of Webull, said private markets have become a growing avenue for value creation among companies, but access historically has been concentrated among institutional investors and high-net-worth individuals. "This launch reflects our continued effort to broaden access for eligible investors by connecting them with private market opportunities in a structured way, directly within the Webull platform," he said.
Ben Haber, CEO of Monark Markets, described the tie-up as supporting the "convergence of private markets and traditional brokerage."
Demand and rollout
The initiative is being framed around investor demand on Webull's platform. According to information provided, accredited users will be able to indicate interest in specific private companies, with those indications informing which opportunities Monark pursues. The program is positioned as a response to growing retail investor appetite for access to companies during their high-growth, pre-listing phases.
Webull is expected to make these SPV opportunities available to all accredited investors who meet its eligibility criteria in the near term.
Key points
- Webull is launching SPVs for late-stage private companies in partnership with Monark Markets, using Monark Capital Management as sponsor.
- Each SPV will target a single private company, with subscriptions and funding processed through Webull and investor interest informing deal formation.
- The program is limited to accredited investors and caps each vehicle at no more than 99 eligible investors.
Risks and uncertainties
- The offering is restricted to accredited investors, limiting participation to those who meet Webull's eligibility requirements.
- SPV formation depends on sufficient investor interest being signaled on the platform - opportunities will only proceed when such interest is identified.
- The timing and scope of the rollout remain subject to Webull's internal plans - the company is expected to expand access to eligible accredited investors soon, but precise timing was not specified.